Welcoming Grayscale, the world’s largest digital asset supervisor to Coinbase Custody
Right now we’re proud to announce that Grayscale, the world’s largest digital asset fund supervisor, has chosen Coinbase Custody to retailer its digital belongings. Coinbase Custody will function custodian for the underlying belongings in Grayscale’s household of merchandise, which embody Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Stellar Lumens (XLM), XRP and Zcash (ZEC). Coinbase Custody can also be exploring assist for Horizen (ZEN), pending regulatory approval.
Grayscale’s resolution to belief its shopper’s belongings to Coinbase Custody comes after a radical and systematic evaluate. Grayscale’s group undertook a complete diligence course of which targeted on elements similar to safety, regulatory compliance, insurance coverage protection, and the general means of its custody accomplice to scale with their enterprise. We’re honored to have been chosen based mostly on such a sturdy analysis course of.
Grayscale joins a roster of world-class establishments which have chosen to accomplice with Coinbase Custody, together with main crypto funds like Polychain Capital, Autonomous Partners, a16z crypto, and lots of extra.
Coinbase is dedicated to serving a large spectrum of institutional shoppers together with hedge funds, household workplaces, endowments and proprietary buying and selling desks as they resolve to onboard crypto. Our institutional vary of merchandise gives a seamless, highly effective and compliant ecosystem for our shoppers to commerce, retailer and work together with their crypto. The suite combines entry to the world’s largest pool of regulated, verified crypto liquidity by way of Coinbase Pro with excessive efficiency APIs and a high-touch protection group. Paired with entry to our world OTC trading desk and Coinbase Custody’s extremely safe and insured storage platform, Coinbase delivers the belief, safety, and efficiency wanted by traders to commerce with confidence.
Welcoming Grayscale, the world’s largest crypto fund to Coinbase Custody was initially revealed in The Coinbase Blog on Medium, the place individuals are persevering with the dialog by highlighting and responding to this story.