Last week, Coinbase Custody accepted its first deposit. Today, on July 2 it is officially open for business.
Coinbase Custody’s mission is to make digital currency investment accessible to every eligible financial institution and hedge fund in the world.
Coinbase Custody’s unique features include:
- On-chain segregation of crypto assets
- Split, offline private keys that require a quorum of geographically distributed agents to use cryptographic hardware to sign transactions
- Multiple layers of security
- Robust cold storage auditing and reporting
Coinbase Custody leverages the expertise and systems of its partner Electronic Transaction Clearing (ETC). ETC is a SEC-registered broker-dealer and FINRA member subject to regulated financial reporting and independent audits.
Coinbase Custody provides secure storage of crypto assets for institutions in both the US and Europe. Before the end of the year, Coinbase Custody team hopes to bring this offering to Asia as well.