Crypto-custodian service Kingdom Trust insured on the Lloyd’s of London market
Kingdom Trust, an institutional-grade crypto asset holding platform, said its reserves were insured in the world’s largest insurance market, Lloyd’s of London..
Kingdom Trust holds $ 12 billion in assets and provides institutional and private investors with services for placing their funds in cryptocurrencies, as well as investing in alternative asset investment funds. In addition, the company offers its clients investment advisory services and supports a variety of investment platforms. In January of this year, it became known that Bitgo might acquire Kingdom Trust, but later it decided to develop its own custodian service..
“From the outset, we viewed insurance as a key factor in attracting institutional investors to our marketplace,” Kingdom Trust CEO Matt Jennings told Reuters..
Kingdom Trust claims to adhere strictly to the requirements of the United States Securities and Exchange Commission (SEC) and is qualified to manage various investment vehicles. Customers of the company who do not want to interact directly with cryptocurrencies can still invest in a new asset class through private, public funds or hedge funds.
If a client wants to invest in cryptocurrencies, Kingdom Trust offers him secure cold storage and reliable connections with other companies in the digital asset industry. Jennings said his firm received a “substantial discount” from Lloyd’s of London for the technology it uses to store cryptocurrencies. At the same time, he refused to disclose the details of the transaction..
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