A cryptocurrency exchange and custodian company has unveiled an institutional-grade crypto custody solution, providing customers with essential security features.
FREMONT, CA: "The maturation of crypto as an asset class depends heavily on the safety and soundness of the custodians that hold individual and institutional funds," says Tyler Winklevoss, CEO of Gemini. "From day one, Gemini recognized the need for a world-class custody solution that is secure, compliant, and easy to use for individuals and institutions around the world. We are thrilled to continue our security-first tradition by providing our customers with Gemini Custody, an expanded offering of our state-of-the-art custody solution." A cryptocurrency exchange and custodian company, Gemini has launched Gemini Custody™. It is a qualified custodian for crypto to meet the sophisticated needs of modern financial institutions.
Gemini Custody™ uses Hardware Security Modules (HSMs) and multi-signature technology to store offline customer crypto. With the new launch, customers can easily secure their accounts with hardware security keys. They can also crypto address the whitelist while restricting crypto withdrawals. Customers can now allow grant auditors view-only access to confirm transactions, balances, and activities while allowing them to initiate withdrawals and more. They can now create and manage multiple accounts with distinct sets of users under a single master account.
"Institutional investors have demonstrated a clear and growing demand for crypto, but they've struggled to find a solution that fully meets their complex regulatory and security requirements," says Jeanine Hightower-Sellitto, Managing Director of Operations at Gemini. "Gemini Custody is the only crypto-native solution in the market today that meets these complex requirements without sacrificing security or liquidity."
Gemini is a New York-based company providing authorized digital asset exchange and custodian built for customers. It allows them to sell, buy, and store digital assets. The company aims to create a world-class digital asset exchange and custodian for customers. Gemini is a subject to the capital reserve requirements, cybersecurity requirements, and banking compliance models storing and managing the digital assets using the most compliant, secure, and user-friendly custody solution in the market.