Recently it was announced that Legacy Trust is partnering with Ledger, the creators of the Ledger Nano S, to offer Custody of Digital Assets via their “Ledger Vault” product.

Custody is a hot topic in the world of Cryptocurrency, and is often believed to be one of the key factors holding back some institutional investors from making the move into these markets. With regular news and reports on hacks of both individuals and exchanges, keeping digital assets secure is high on everyone’s agendas. The Ledger Nano S is considered by many to be one of the most secure methods of storing your own digital assets, and now Ledger is taking steps to build on this and provide a secure custody solution for institutional investors.

First announced on Nov 26, 2018 “Ledger Vault” aims to enable secure custody of digital assets for the financial industry. Ledger Vault provides the same security of the Ledger Nano S, but at scale. It is a multi-authorization Cryptocurrency wallet management solution enabling financial institutions to keep their funds safe and secure. The solution is targeted towards Asset Managers and Custodians looking for convenience and streamlined operations with zero compromises on security.

Ledger Vault will make a considerable number of Cryptocurrencies accessible to Legacy Trust Company’s existing clients. It has been widely reported that Ledger Vault supports the same Cryptocurrencies as the Ledger Nano S, such as Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Zcash, Cardano, as well as all other ERC-20 compliant tokens.

Partnerships between companies like these show that, yet again, the ecosystems surrounding Cryptocurrencies continues to move in the right direction. As the markets further mature there will be more and more secure ways for investors to get involved. This will be due to greater securities and protections.

 

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