I looked into the companies that were getting regulatory approval as digital asset custody providers across the larger financial jurisdictions. I do think that it is possibly a case of being a "rush to the next big thing" and somewhat of a bubble/fintech trend but for a number of these groups I can see some of these companies have MAJOR connections to established banking and "old money" organisations. I'm seeing the names in this list pop up now regularly in news about collaborations with governments and structures as countries announce their new "crypto" regulations. Of note is the custodians and who the institutions are that are behind them.
I'll just paste my previous note below as my note link/id skills never seem to work......
In an attempt to understand and get an idea about where Governments and regulators are trying to push us, I’ve taken some time to investigate the “Custody” sector that has been built up in recent years. So many of these companies I’ve never heard of despite them having substantial AUM. Start looking deeper and there are a lot of connections/affiliations that surprised me, for example Lord Philip Hammond (ex Chancellor of the Exchequer, ex Secretary of State for Foreign and Commonwealth Affairs, ex Secretary of State for Defence, ex Secretary of State for Transport and Life Peer) who is Chairman of Copper Technologies (UK).
Now, I’m, along with many of you, a strong advocate of self custody and I believe in maintaining that self-sovereignty. The state doesn’t share that view so, it is what it is. By being aware of want they want to see happen, I think we can be better informed and prepared.
The following is a list of “Custody” providers who, as far as I can see, are providing Institutional level custody for various sectors involved in Digital assets from ETFs, funds to exchanges and wallet providers(?). Some of them also provide custody for individuals and are likely one step away from custodial wallet providers. Most are involved with Shitcoins and some don’t even touch Bitcoin. As new countries are pulled into establishing regulatory frameworks around these assets, the first place they consult, in my opinion, is FATF. The FATF and wider Banking guidelines then form the basis for how the regulators in the country draft legislation and subsequently who and how they grant approval to.
I’ll say it again, I am not an advocate for this and seeing the suited smiling bankers, tech bros and even ex-civil service sitting on the board of these companies makes me cringe.
Looking forward are we going to see a bifurcation in Bitcoin? The coin that is sucked into “Custody” via ETFs and institutions…..will it ever escape from that space? Will those of us who hold our own keys be the custodians of un-enslaved coin?
If you are serious about your belief in Bitcoin I reckon taking a look at some of these companies platforms is informative. Understand in order to be prepared.
"Know your enemy, know his sword." Miyamoto Musashi
It took a fair amount of digging to compile this list and I likely didn’t find them all. I added a very brief amount of basic info about the companies. Repost if you find value in it. 🫡
https://zodia.io/. -Standard Chartered, Northern Trust and SBI
https://www.komainu.com/ -Nomura, Ledger and Coinshares founded 2018 Japan,UK and Europe
https://copper.co/ - Copper Technologies - State Street Digital UK/Europe
https://www.sgforge.com/ - Societe Generale (founded 2018) Europe
https://www.fidelitydigitalassets.com (founded 2018) USA based
https://www.coinbase.com/institutional. USA based
https://www.anchorage.com - Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. (founded 2017) USA based
https://bakkt.com (founded 2018) USA based
https://www.bitgo.com (founded 2013) USA based Coverage: Global (Licensed in South Dakota, New York, Switzerland and Germany)
https://www.kingdomtrust.com also https://www.choiceapp.io (founded 2009? Qualified Bitcoin custodian since 2017) USA based
https://www.gemini.com/institutions/custody (founded 2019) USA based
https://www.metaco.com. (founded 2015) working with HSBC, Zodia, Ripple, BBVA, Union Bank of Philippines. Coverage: Global
https://www.bbva.ch/en/news/digital-assets-services-for-institutions/
https://www.polysign.io also https://www.standardcustody.com - USA based
https://www.mycactus.com also https://www.matrixport.com - 2019 Hong Kong based. Coverage: Global
https://www.cobo.com (founded 2017) Hong Kong based Coverage: Singapore
https://www.fireblocks.com (founded 2019) USA based Coverage: Global
https://www.floating.group (founded 2018) USA based Coverage: Global
https://hextrust.com Hong Kong based Coverage: Global, licensed in Hong Kong , France, UAE and Italy. Offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.
https://www.liminalcustody.com (founded 2021) Founders from Indian Exchange Zebpay. Singapore based Coverage: APAC and MENA
https://propine.com (founded 2018) USA based Coverage: Global and first independent digital asset custodian licensed by the Monetary Authority of Singapore (MAS)
https://www.qredo.com (founded 2018) UK based Coverage: Global
https://safe.global (founded 2018) Switzerland based Coverage: Global, Europe focused
https://www.gk8.io (founded 2018) Israel based Coverage: Global. Acquired by Galaxy Digital in February 2023.
Another to add to the list of institution aligned players receiving regulatory go ahead. Of note is their custody provider being Metaco.
https://www.rulematch.com
Adding to the list
Japan Digital Asset Trust Preparatory Company, inc.
Japan Digital Asset Trust Preparatory Company, inc. (JADAT) will be a preparatory company for the purpose of establishing a trust company specializing in digit
jadat.com
(founded 2022?) connected with Bitbank and Sumitomo Mitsui Trust. Coverage: Japan
KDAC
한국 디지털자산수탁(KDAC)은 디지털자산에 대한 커스터디 서비스를 제공합니다. KDAC은 기존 거래소 중심의 수탁 서비스의 단점을 보완하고 보다 안전한 자산 보관을 통해 시장 건전성을 향상 시키고자 합니다. 한국 최초의 가상자산 거래소 코빗을 비롯해 블로코, 페어스퀘
www.kdac.io
founded by crypto exchange Korbit 2020. Shinhan Bank an investor. Coverage: South Korea
Korea Digital Asset Co. (KODA) 2020 a partnership with blockchain-oriented venture fund Hashed and blockchain firm Haechi Labs. Established by S. Korea’s largest bank KB Kookmin Bank. Coverage: South Korea
Hana Bank announced partnership for Digital asset Custody with BitGo 2023/2024. Coverage: South Korea
https://www.rakkardigital.com Coverage: Singapore, Thailand and Hong Kong
ON1ON Custody – A Hong Kong TCSP licensed digital custodian
A trustworthy and regulatory compliant digital asset custody with a state-of-the-art security framework suitable to institutions and individual clients.
www.on1on-custody.com
Coverage: Hong Kong, Shanghai and Shenzen
https://www.aegiscustody.com (founded 2018) Offices in the USA, Hong Kong, Singapore and Taiwan.
Welcome • First Digital
Experts in trust, custody, and asset servicing.
1stdigital.com
(founded in 2019) Based in Hong Kong Coverage:APAC, Europe, and North America. Also established FDUSD a US$ stablecoin.
Custody Plus | Your Trusted Partner For Digital Assets Custody
Custody Plus, a subsidiary of SGX-listed company (VCPlus Limited), offers digital asset custody services to safekeep investors’ assets.
custodyplus.sg
Singapore based. Coverage: Singapore
https://www.custodize.com Website looks dodgy as fuck!
SovereigntyQuest
npub16a…hh4dp
2023-12-17 12:16:16
in reply to nevent1q…vksk
Author Public Key
npub16afkyc9c3nm7tnplef8cyfq0xs4upxrk9nems4w46aj70ry4mh9slhh4dpPublished at
2023-12-17 12:16:16Event JSON
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"content": "I looked into the companies that were getting regulatory approval as digital asset custody providers across the larger financial jurisdictions. I do think that it is possibly a case of being a \"rush to the next big thing\" and somewhat of a bubble/fintech trend but for a number of these groups I can see some of these companies have MAJOR connections to established banking and \"old money\" organisations. I'm seeing the names in this list pop up now regularly in news about collaborations with governments and structures as countries announce their new \"crypto\" regulations. Of note is the custodians and who the institutions are that are behind them. \nI'll just paste my previous note below as my note link/id skills never seem to work......\n\nIn an attempt to understand and get an idea about where Governments and regulators are trying to push us, I’ve taken some time to investigate the “Custody” sector that has been built up in recent years. So many of these companies I’ve never heard of despite them having substantial AUM. Start looking deeper and there are a lot of connections/affiliations that surprised me, for example Lord Philip Hammond (ex Chancellor of the Exchequer, ex Secretary of State for Foreign and Commonwealth Affairs, ex Secretary of State for Defence, ex Secretary of State for Transport and Life Peer) who is Chairman of Copper Technologies (UK).\n Now, I’m, along with many of you, a strong advocate of self custody and I believe in maintaining that self-sovereignty. The state doesn’t share that view so, it is what it is. By being aware of want they want to see happen, I think we can be better informed and prepared. \n The following is a list of “Custody” providers who, as far as I can see, are providing Institutional level custody for various sectors involved in Digital assets from ETFs, funds to exchanges and wallet providers(?). Some of them also provide custody for individuals and are likely one step away from custodial wallet providers. Most are involved with Shitcoins and some don’t even touch Bitcoin. As new countries are pulled into establishing regulatory frameworks around these assets, the first place they consult, in my opinion, is FATF. The FATF and wider Banking guidelines then form the basis for how the regulators in the country draft legislation and subsequently who and how they grant approval to. \n I’ll say it again, I am not an advocate for this and seeing the suited smiling bankers, tech bros and even ex-civil service sitting on the board of these companies makes me cringe. \n Looking forward are we going to see a bifurcation in Bitcoin? The coin that is sucked into “Custody” via ETFs and institutions…..will it ever escape from that space? Will those of us who hold our own keys be the custodians of un-enslaved coin? \n If you are serious about your belief in Bitcoin I reckon taking a look at some of these companies platforms is informative. Understand in order to be prepared.\n\n\"Know your enemy, know his sword.\" Miyamoto Musashi\n\nIt took a fair amount of digging to compile this list and I likely didn’t find them all. I added a very brief amount of basic info about the companies. Repost if you find value in it. 🫡\n\nhttps://zodia.io/. -Standard Chartered, Northern Trust and SBI \n\nhttps://www.komainu.com/ -Nomura, Ledger and Coinshares founded 2018 Japan,UK and Europe\n\nhttps://copper.co/ - Copper Technologies - State Street Digital UK/Europe\n\nhttps://www.sgforge.com/ - Societe Generale (founded 2018) Europe\n\nhttps://www.fidelitydigitalassets.com (founded 2018) USA based\n\nhttps://www.coinbase.com/institutional. USA based\n\nhttps://www.anchorage.com - Andreessen Horowitz, GIC—Singapore’s sovereign wealth fund, Goldman Sachs, KKR, and Visa. (founded 2017) USA based\n\nhttps://bakkt.com (founded 2018) USA based\n\nhttps://www.bitgo.com (founded 2013) USA based Coverage: Global (Licensed in South Dakota, New York, Switzerland and Germany)\n\nhttps://www.kingdomtrust.com also https://www.choiceapp.io (founded 2009? Qualified Bitcoin custodian since 2017) USA based\nhttps://www.gemini.com/institutions/custody (founded 2019) USA based\n\nhttps://www.metaco.com. (founded 2015) working with HSBC, Zodia, Ripple, BBVA, Union Bank of Philippines. Coverage: Global\n\nhttps://www.bbva.ch/en/news/digital-assets-services-for-institutions/ \n\nhttps://www.polysign.io also https://www.standardcustody.com - USA based\n\nhttps://www.mycactus.com also https://www.matrixport.com - 2019 Hong Kong based.\tCoverage: Global\n\nhttps://www.cobo.com (founded 2017) Hong Kong based Coverage: Singapore\n\nhttps://www.fireblocks.com (founded 2019) USA based \tCoverage: Global\n\nhttps://www.floating.group (founded 2018) USA based Coverage: Global\n\nhttps://hextrust.com Hong Kong based \tCoverage: Global, licensed in Hong Kong , France, UAE and Italy. Offices in Singapore, Hong Kong, Dubai, Italy, and Vietnam.\n\nhttps://www.liminalcustody.com (founded 2021) Founders from Indian Exchange Zebpay. Singapore based \tCoverage: APAC and MENA\n\nhttps://propine.com (founded 2018) USA based \tCoverage: Global and first independent digital asset custodian licensed by the Monetary Authority of Singapore (MAS)\n\nhttps://www.qredo.com (founded 2018) UK based \tCoverage: Global\n\nhttps://safe.global (founded 2018) Switzerland based \tCoverage: Global, Europe focused\n\nhttps://www.gk8.io (founded 2018) Israel based Coverage: Global. Acquired by Galaxy Digital in February 2023.\n\n\nAnother to add to the list of institution aligned players receiving regulatory go ahead. Of note is their custody provider being Metaco. \n\nhttps://www.rulematch.com\n\nAdding to the list\n\nJapan Digital Asset Trust Preparatory Company, inc.\nJapan Digital Asset Trust Preparatory Company, inc. (JADAT) will be a preparatory company for the purpose of establishing a trust company specializing in digit\njadat.com\n (founded 2022?) connected with Bitbank and Sumitomo Mitsui Trust. Coverage: Japan\n\nKDAC\n한국 디지털자산수탁(KDAC)은 디지털자산에 대한 커스터디 서비스를 제공합니다. KDAC은 기존 거래소 중심의 수탁 서비스의 단점을 보완하고 보다 안전한 자산 보관을 통해 시장 건전성을 향상 시키고자 합니다. 한국 최초의 가상자산 거래소 코빗을 비롯해 블로코, 페어스퀘\nwww.kdac.io\n founded by crypto exchange Korbit 2020. Shinhan Bank an investor. Coverage: South Korea\n\nKorea Digital Asset Co. (KODA) 2020 a partnership with blockchain-oriented venture fund Hashed and blockchain firm Haechi Labs. Established by S. Korea’s largest bank KB Kookmin Bank. Coverage: South Korea\n\nHana Bank announced partnership for Digital asset Custody with BitGo 2023/2024. Coverage: South Korea\n\nhttps://www.rakkardigital.com Coverage: Singapore, Thailand and Hong Kong\n\nON1ON Custody – A Hong Kong TCSP licensed digital custodian\nA trustworthy and regulatory compliant digital asset custody with a state-of-the-art security framework suitable to institutions and individual clients.\nwww.on1on-custody.com\n Coverage: Hong Kong, Shanghai and Shenzen\n\nhttps://www.aegiscustody.com (founded 2018) Offices in the USA, Hong Kong, Singapore and Taiwan. \n\nWelcome • First Digital\nExperts in trust, custody, and asset servicing.\n1stdigital.com\n (founded in 2019) Based in Hong Kong Coverage:APAC, Europe, and North America. Also established FDUSD a US$ stablecoin.\n\nCustody Plus | Your Trusted Partner For Digital Assets Custody\nCustody Plus, a subsidiary of SGX-listed company (VCPlus Limited), offers digital asset custody services to safekeep investors’ assets.\ncustodyplus.sg\n Singapore based. Coverage: Singapore\nhttps://www.custodize.com Website looks dodgy as fuck!\n\n\n ",
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