Kraken, one of the leading cryptocurrency exchanges, has unveiled its Qualified Custody Solution tailored for the US market. As unveiled, Kraken Financial holds all reserve deposits, which makes it the most suitable service provider for Kraken Institutional to offer qualified custody.
What the New Kraken Custody Solution Offers
With the increasing interest from institutional investors in the cryptocurrency space, the need for custody solutions has become paramount. Kraken’s Qualified Custody Solution addresses this demand by providing an infrastructure that meets the rigorous standards set by regulators in the United States.
Kraken Financial is responsible for managing Kraken Custody, a service that allows clients to store, manage, and transfer cryptocurrency assets. This service guarantees the safety and integrity of clients’ digital assets. The platform will offer multi-layered security protocols, advanced encryption techniques, and comprehensive insurance coverage to ensure th
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