As we speak we’re proud to announce that Grayscale, the world’s largest digital asset fund supervisor, has chosen Coinbase Custody to retailer its digital property. Coinbase Custody will function custodian for the underlying property 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 determination to belief its shopper’s property to Coinbase Custody comes after an intensive and systematic evaluation. Grayscale’s crew undertook a complete diligence course of which centered on components reminiscent of safety, regulatory compliance, insurance coverage protection, and the general means of its custody companion 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 companion with Coinbase Custody, together with main crypto funds like Polychain Capital, Autonomous Partners, a16z crypto, and plenty of extra.
Coinbase is dedicated to serving a large spectrum of institutional purchasers together with hedge funds, household workplaces, endowments and proprietary buying and selling desks as they determine to onboard crypto. Our institutional vary of merchandise supplies a seamless, highly effective and compliant ecosystem for our purchasers to commerce, retailer and work together with their crypto. The suite combines entry to the world’s largest pool of regulated, verified crypto liquidity via Coinbase Pro with excessive efficiency APIs and a high-touch protection crew. 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.