Custodian Vaults is proud to announce its new partnership with Decentralised Capital
Custodian Vaults has entered into partnership with the blockchain and investments firm, Decentralised Capital, to set up Australasia’s first insured cryptocurrency vault.
Stephen Moss Director of Decentralised Capital says, “You can’t hack your way into the safe - this is a solution for the next phase of the industry and gives it real security”
Since 2011, more than 56 cyberattacks have taken place, resulting in the theft of more than $US1.6 billion, security threats have weighed on the market sentiment. A common way for storing crypto currencies is an offline external hardware device similar to a USB. These devices can be lost or stolen and even targeted when plugged into a computer.
IT worker from England, James Howells, felt this first hand after misplacing 7500 bitcoins and throwing his drive in the trash.
The new venture between Custodian Vaults and Decentralised Capital is targeted to wealthy investors, exchanges and initial coin offering issuers and will provide customers direct access to their holdings and combined physical surveillance, biometric identification, PIN Codes, CCTV monitoring, alarm and fire control systems.
Custodian Vaults also houses a private Wi-Fi room to allow cryptocurrency transfers in and out.
Pallion director, Janie Simpson said the company was seeking to address a new customer demand through its venture with Decentralised Capital. “While traditionally we have offered secure vault services for clients storing precious metals and other assets, we are increasingly receiving interest from clients searching for solutions to store cryptocurrency.”
Read the Australian Financial Review article here.