Our portfolio company Coinbase has been building an institutional grade regulated custodial service for crypto assets over the past 18 months. It is called Coinbase Custody and it is a qualified institutional custodian which means that investors that are regulated can use it to satisfy their custodial requirements.
Coinbase has been providing safe and trusted custody for crypto assets for most of its seven year history. It has led the industry in developing secure storage of crypto assets. So it is the obvious place for institutions to turn to custody their crypto assets.
Yesterday, Coinbase Custody announced that they now support custody of over 30 of the most popular crypto assets.
Coinbase Custody operates as a standalone, independently-capitalized business. Coinbase Custody is a fiduciary under NY State Banking Law. All digital assets are segregated and held in trust for the benefit of their clients.
If you want to learn more about using Coinbase Custody as your institutional custodial solution, you can reach out here.