The profile is currenly unclaimed by the seller. All information is provided by CB Insights.

digitalassetcustody.com

Founded Year

2017

Stage

Acquired | Acquired

About Digital Asset Custody Company

Digital Asset Custody Company is a custody solution purpose-built for institutional and alternative managers invested in the cryptocurrency and token space.

Digital Asset Custody Company Headquarter Location

Secaucus, New Jersey, 07094,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Digital Asset Custody Company

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Digital Asset Custody Company is included in 1 Expert Collection, including Fintech.

F

Fintech

7,344 items

US-based companies

Latest Digital Asset Custody Company News

Canadian Digital Asset Custody Company Brane Announces Readiness to Enter US Market

Aug 6, 2020

News provided by Share this article OTTAWA, ON, Aug. 6, 2020 /PRNewswire/ -- Brane Inc., a leading digital asset custodian, announced readiness to begin working with banks in the United States, Canada, and elsewhere. On July 22, 2020, the U.S. Office of the Comptroller of the Currency (the 'OCC') announced that federally chartered banks and thrifts in the United States can provide cryptocurrency custody services to their customers. Brane is ideally positioned to begin working with banks to provide crypto-custodial solutions as a white-label partner to such major financial institutions. The announcement by the OCC, a key regulator of the U.S. banking sector, marks a paradigm shift in how the established U.S. banking sector views the embryonic digital asset (including cryptocurrency) ecosystem. Until now, traditional financial services institutions in the U.S. have been unable to hold crypto-assets for their clients, despite the growing demand for this service. Without recognized guidelines from regulators, banks and savings associations were reluctant to enter the field. This announcement removes this uncertainty and clears the way for national banks to hold these assets as a custodian. "This announcement by the OCC provides validation of both the sector as a whole and Brane's business plan. Now more than ever, the future is digital, and Brane is perfectly placed to participate fully in this 'brave new world.' Brane is open for business to the US." T. Paul Rowland, Brane's CFO and Corporate Secretary. Although banks in the U.S. now have the green light to proceed with providing custody of digital assets, including cryptocurrency, it is Brane's opinion that most banks will not want to develop their own systems and processes. Having developed relationships with all of the Big Six Canadian banks and a number of US-based banks, Brane believes that banks will prefer to rely on third-party service providers that have deep understanding and experience of blockchain and the crypto-asset space. Brane's technology is an ideal solution as a white-label partner for financial services institutions wishing to provide this needed service for their customers and it augments its current strategy of providing this service directly to its own customers. Founded in 2017, Brane is a Canadian-based fintech company that offers world-class digital asset custody solutions around the globe. Brane is ISO 27001 certified - first in the world with cryptocurrency in scope, ISO 27017 certified, and NIST Tier 4 - the first company in Canada, in any industry, to receive such certification. Brane offers advanced proprietary technology and processes with over 20 provisional patents, supports all digital assets, and is fully insured against theft and crime. For more information, please contact: Adam Miron, Executive Chairman

  • When was Digital Asset Custody Company founded?

    Digital Asset Custody Company was founded in 2017.

  • Where is Digital Asset Custody Company's headquarters?

    Digital Asset Custody Company's headquarters is located at Secaucus.

  • What is Digital Asset Custody Company's latest funding round?

    Digital Asset Custody Company's latest funding round is Acquired.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.