bitpanda announces its first acquisition: Trustology, British fintech. In this world he can throw Bitpanda Custodya platform custody of crypto regulated by the Financial Conduct Authority (FCA). In this way, Bitpanda users will have a service to securely store their crypto assets.
Bitpanda announces the acquisition of Trustology and launches Bitpanda Custody
The aim of the Bitpanda Custody launch is to provide a secure custody platform, which all UK users will be able to use. Will take in custody of all Bitpanda assets, both business retail, institutional, and white label. In doing so, it will become the largest digital asset custody platform in the world.
Eric Demuth, co-founder and CEO of Bitpanda, said: “The Trustology team has built exceptional custody technology and we are delighted to welcome them to the Bitpanda team. Everything we do is driven by the belief that blockchain technology and digital assets will profoundly transform the financial ecosystem. All over the world, people will have the power to manage their financial future. Bitpanda Custody takes us one step closer to building a secure and fully regulated digital investment platform for everyone, new investors and professionals. Today, we can offer custody to retail users with institutional grade security levels, while institutional clients will benefit from innovative custody solutions. Thus, they will not only be able to overcome today’s challenges, but also thrive in the years to come ”.
An increasingly complete service
The introduction of Bitpanda Custody represents the first step in offering Prime Brockerage by Bitpanda Pro. In fact, users can combine the regulated exchange with the custody of digital assets. Bitpanda Pro’s goal is to bring custody costs to zero for those who actively use the exchange and desk OTCwhose launch is expected shortly.
Joshua Barraclough, CEO at Bitpanda Pro, explains: “This is a big step for our company and especially for Bitpanda Pro. Bitpanda Custody is part of our strategy to offer our customers a full range of services. We can now combine an institutional-grade, FCA-registered custody solution with our excellent order execution platform. ”
And the CEO points out that “we are moving away from an asset-under-custody pricing model and we are not penalizing the growth of our customers. We have major projects in the pipeline and are accelerating the launch of new products on the market, for example by developing Trustology’s DeFi capabilities ”.
Alex Batlin, founder and CEO of Trustology, concludes: “We are delighted to turbo-charge Bitpanda’s mission to make institutional crypto custody safer, faster and easier. Service providers using our white label wallet automation platform. DeFi institutional investors who use our bespoke integrations to access Dapps or innovative features like DeFi firewall and transaction decoding. Or issuers of new tokens who want to remove barriers to buying. All will have greater jurisdictional support and more crypto assets, higher insurance coverage and SOC 2 certification, along with a top tier pricing model. “
Find more information on the Bitpanda website.