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Security company G4S launches a crypto custody service

G4S, the U.K.-based security services company, now offers a crypto custody service aimed to protect investors’ holdings of digital assets.

According to a press release from October 16, the firm developed the new service to offer “high-security offline storage that helps to protect assets from criminals and hackers.”

Dominic MacIver, a senior risk analyst at G4S, said:

“Our security solution is built on a foundation of ‘vault storage’. We not only take the assets offline, but break them up into fragments that are independently without value and store them securely in our high security vaults, out of reach of cyber criminals and armed robbers alike.”

On October 15, U.S. financial services giant Fidelity Investments announced its launch of cryptocurrency custody and trading services for institutional investors.