ChainCatcher news, according to Chainwire, the Turkish crypto asset technology company Paribu has announced the launch of Paribu Custody services, providing digital asset custody and management services for global institutional clients. Since its establishment in 2017, the platform has accumulated 7 million users.Cem Sağlam, Paribu's Institutional Sales and Business Development Manager, stated that the company's self-developed ColdShield® technology integrates MPC, SGX, and HSM technologies, dispersing customer private keys across multiple independent environments to ensure that no individual or organization can access the complete private key.

ChainCatcher news, Turkey's Garanti BBVA Bank launched Garanti BBVA Digital Assets last year as part of its fintech subsidiary. The company launched its wallet in June and has now confirmed it is using a combination of Ripple Custody and IBM's technology.Garanti BBVA has updated the status of its digital asset products. Garanti BBVA Kripto CEO Korcan Abalı stated, "We have seen a clear demand and growing interest from customers in digital assets. To meet this demand, we established Garanti BBVA Digital Assets in 2023, currently providing services under the name Garanti BBVA Kripto for BTC, ETH, USDC, AVAX, CHZ, XRP, ARB, and SOL."So far, it has 14,000 digital asset customers, serving a main bank of 12 million digital customers and 11.6 million mobile customers.

ChainCatcher news, France's main custodian bank CACEIS has announced that it supports access to native digital currency market funds (MMF) and has launched a new digital asset custody framework.CACEIS is a subsidiary of Crédit Agricole, with assets under management exceeding €8 trillion. In May of this year, the company announced the establishment of a dedicated digital asset business line and previously collaborated with technology company Taurus to develop custody and tokenization services. Recently, the company also obtained a Digital Asset Service Provider (DASP) license in Spain.

ChainCatcher news, Thailand's second-largest bank by assets, Kasikornbank (also known as KBank), plans to launch orbitx Custodian as the country's first licensed digital asset custodian. orbitx Custodian has obtained a digital asset custodian license issued by the Ministry of Finance and will be regulated by the Thai SEC.The license for orbitx Custodian was obtained on September 13, but it was announced two weeks later. The business is expected to start operations in early 2025.

ChainCatcher news, during the opening speech at the Invest in UAE Forum, Hong Kong's Under Secretary for Financial Services and the Treasury, Chen Haolian, stated that over the past year, Hong Kong and Dubai have continuously strengthened their partnership in the financial sector. Last year, a Hong Kong licensed insurtech company began a strategic collaboration with the oldest insurance company in the UAE, and their digital asset custody insurance has been approved by the Central Bank of the UAE to operate locally.In terms of cross-border payments, Chen Haolian pointed out that the Hong Kong Monetary Authority and the Central Bank of the UAE, along with three other central banks and the Bank for International Settlements Innovation Hub, are collaborating on a project called Multiple Central Bank Digital Currencies (mBridge) to explore the application of wholesale central bank digital currencies. The project completed its pilot phase in 2022, with 20 banks from four jurisdictions participating. This year, the project has reached the Minimum Viable Product (MVP) stage and will further expand participation from the public and private sectors.

ChainCatcher news, according to Cointelegraph, insurance provider OneDegree and a Dubai-based insurance company in the UAE jointly announced that they have begun offering digital asset custody risk insurance to clients in the UAE.The two companies have collaborated to launch a product called "OneInfinity," which has been approved by the Central Bank of the UAE. Custody risk insurance is part of the risk management strategies for custodians, exchanges, and other digital asset service providers. According to OneDegree, many global regulators require the provision of this product to offer protection to consumers.

ChainCatcher news, according to The Block, fintech company tZERO Group Inc. has been approved by U.S. regulators to become a special purpose broker-dealer for "digital asset securities custody."According to a statement released by the company on Tuesday, the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have approved tZERO to custody digital assets, making it the second company to receive this license. Previously, digital asset company Prometheum received similar approval from the U.S. Securities and Exchange Commission last year, followed by approval from the U.S. Financial Industry Regulatory Authority to provide digital asset securities clearing and settlement services through its special purpose broker-dealer license.

According to ChainCatcher news, the USMS announcement states that the U.S. Marshals Service, under the Department of Justice, has chosen Coinbase Prime as its custodian and trading service provider for "Class 1" large-cap digital assets.Coinbase stands out for its strong security record and institutional-grade crypto service capabilities. Since its launch three years ago, Coinbase Prime has become the preferred platform for institutions and large crypto asset holders.

ChainCatcher news, according to The Block, Deutsche Bank-backed infrastructure provider Taurus has expanded its digital asset custody and issuance services to the Stellar network. The Swiss fintech company's digital asset custody platform "Taurus - PROTECT" and its digital issuance and tokenization platform "Taurus - CAPITAL" launched on the open-source public blockchain of Stellar starting Monday.Taurus currently supports over 20 public and permissioned blockchains through its digital asset custody products.

ChainCatcher news, according to Ming Pao, Hong Kong local bank crypto custody technology solution Aegis Custody announced the establishment of a digital asset custody and tokenization laboratory Aegis Prime with the support of Cyberport. This lab will provide tokenization solutions that comply with the requirements of the Securities and Futures Commission and the Monetary Authority for asset management companies, brokers, banks, family offices, and insurance companies, appointing Ng Tsz Kwan as CEO.Aegis Prime will provide financial institutions with a User Acceptance Testing (UAT) environment to test the capabilities of physical subscription and redemption of exchange-traded funds (ETFs), the deposit and withdrawal of virtual currencies in virtual asset trading, stablecoin custody and distribution, as well as various tokenization use cases, such as tokenized funds, tokenized bonds, and tokenized trade debts.

ChainCatcher news, according to official sources, digital asset custody service provider Liminal has announced that it has received preliminary approval for digital asset custody services in the UAE. Once formal licensing is obtained, the team will oversee its custody operations in the Middle East, which includes supervising compliance and security protocols, risk management, and audit procedures to protect client assets.Additionally, the Web3 asset data platform RootData shows that Criminal is a digital asset management platform and multi-signature wallet that allows everyone to easily and securely manage their digital assets.

ChainCatcher news, according to Ledger Insights, Zodia Custody announced that Bitcoin mining company Marathon Digital will become its digital asset custody client.The custody company Zodia Custody was co-founded by SC Ventures, a subsidiary of Standard Chartered Bank, and Northern Trust, with SBI joining as an important supporter.Earlier this month, Zodia Custody announced that it is one of the cryptocurrency custody providers for Deutsche Bank's asset management company DWS's cryptocurrency exchange-traded products (ETP). Zodia acts as a custodian alongside Coinbase.

ChainCatcher news, according to Cointelegraph, Turkish investment bank Misyon is partnering with Swiss crypto custody provider Taurus to enter the digital asset custody and tokenization space.It is reported that Misyon will deploy multiple solutions developed by Taurus, including the custody platform Taurus Protect, the tokenization tool Taurus Capital, and the blockchain node infrastructure Taurus Explorer.

ChainCatcher news, digital asset custody provider BitGo announced that it has received in principle approval for a major payment institution license from Singapore's top financial regulatory authority through its local entity.BitGo stated that once fully licensed, its subsidiary BitGo Singapore Pte. will be able to offer regulated digital payment token services in Singapore and allow customers to buy and sell cryptocurrencies from its cold storage custody solution built within a Tier III vault.

ChainCatcher news, according to CoinDesk, the Central Bureau of Investigation (CBI) of India has appointed the digital asset custody firm Liminal to manage the seized digital assets. Liminal has already formed a specialized team to support CBI operations, which has created multi-signature and multi-party computation wallets to securely store the seized assets, although details of the operation have not been disclosed. Recently, India has witnessed at least two major cryptocurrency scams, including a $300 million scam that led to the arrest of 18 people and a $120 million scam that resulted in the arrest of at least 2 individuals.

ChainCatcher news, according to Bloomberg, HSBC Holdings Plc will collaborate with Metaco, a subsidiary of Ripple Labs, to provide digital asset custody services such as tokenized securities for institutional clients, with the service expected to launch in 2024.This issuance will complement HSBC's digital asset issuance platform named HSBC Orion and the bank's recently launched tokenized gold issuance system.

ChainCatcher news, according to the official announcement, Zodia Custody has launched the digital asset custody platform SAF3 for institutional clients in Australia. Australia's largest commercial bank NAB has collaborated with Zodia Custody on a proof of concept to test the bank-grade credentials of the SAF3 platform.

ChainCatcher news, according to The Block, Deutsche Bank announced a partnership with Swiss fintech company Taurus to provide digital asset custody and tokenization services.Previously, Deutsche Bank participated in Taurus's $65 million Series B funding round and applied for a digital asset license from German financial regulators earlier this year.

ChainCatcher news, according to CoinDesk, Standard Chartered's subsidiary Zodia Custody (Singapore) Pvt. Limited announced its establishment in Singapore to provide digital asset custody services for financial institutions, and appointed former Bitgo General Manager Kai Kano as its first Chief Executive Officer.