Solving the digital asset trilemma of security | convenience | compliance
In June, Onchain Custodian organised a series of panels covering the three industry challenges our company is solving with our SAFE™ custody & open finance platform. We are sharing the recordings today for you to watch and enjoy.
Security
With our world’s first custody solution secured by off-premise IBM FIPS 140–2 Level 4 certified HSMs, complementing our multi-sig air-gapped cold storage operational and technological environment, Onchain Custodian’s platform is insured by Lloyds underwriters. A strong testimonial of the robustness of our enterprise-grade solution now used by exchanges, funds, payment platforms, corporates, high-net-worth individuals, family offices and licensed trustees.
Listen to what our security panel had to say about how the security paradigm has evolved in the digital asset space since the launch of Bitcoin, eleven years ago.
Convenience
User experience is often forgotten in the digital asset space. Solutions offering customers, through a single window, the ability to buy/sell, securely hold, and invest digital assets are a few. Onchain Custodian’s SAFE™ custody & open finance platform is one of them.
Through one single KYC onboarding and secure login, Onchain Custodian does not only offer our customers access to their digital assets but also, with the support of curated partners, to a choice of open finance services (lending/borrowing, ramp-off/ramp-on, OTC trading, investment products, etc).
Our panel on the topic of convenience was passionating. A must watch for those who want to understand how far user experience and service offering have evolved in the last five years.
Compliance
There is no doubt today that the digital asset industry will be regulated or will not be. The adoption by countries of the FATF recommendations, explicitly adapted to crypto in June 2019, is pushing the digital asset industry towards becoming more professional and compliant. The future is bright for companies who have included compliance at the forefront of their processes from the start. It does not look as good for businesses — and most importantly their customers — who have been and are still trying to avoid it.
Onchain Custodian has been compliant from day one, even before we had to. We support industry initiatives working on code of conducts and best practices, such as the Global Digital Finance, where our CEO, Alexandre Kech, is co-chairing with Herve Francois from ING, the Custodian WG. We also contribute to the initiatives looking at implementing, in a standardised and interoperable way, the travel rule and other regulatory requirements.
Our last webinar was all about the above and how our panellists are dealing with compliance in the digital asset space and what solutions are available to help the industry in a cost-effective way.
To be put in contact with any of the panellists or engage with Onchain Custodian on how we can support you in a secure, convenient and compliant way, visit our website or contact@oncustodian.com.
