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Institutional investors receive custom crypto solutions from Kraken Institutional. Kraken Financial, the exchange’s state-chartered bank, launched Kraken Institutional’s qualified custody solution. Institutional investors receive custom crypto solutions from Kraken Institutional.
Kraken Custody is the first product under our new institutional brand. Offered via Kraken Financial, our state-chartered bank that holds fiat deposits in full reserve, it is ideally suited to offer qualified custody solutions for US institutional clients.https://t.co/1TzDm00CBZ
— Kraken Exchange (@krakenfx) March 20, 2024
Kraken Financial CEO Highlights Wyoming’s Regulatory Advantage for Custody Services
Kraken Financial is a regulated company with headquarters in Wyoming, USA. It is allowed to offer institutions digital asset storage and deposit accounts. Customer funds and assets are separated from operational funds in the full-reserve model. This makes withdrawals simple and safe.
Kraken Institutional Head Tim Ogilvie stressed the importance of custody for institutional crypto trading. The recent rise in Bitcoin ETFs reinforced this. Ogilvie noted Kraken’s 12 years of experience protecting client assets and the qualified custody solution as part of its institutional services.
Kraken Financial’s Kraken Custody simplifies crypto asset storage, management, and transfer for institutional clients. This custody solution offers the best client fund protection in the industry thanks to Kraken’s cybersecurity experts’ in-house security protocols. Even as the cryptocurrency market changes, these advanced security measures keep assets safe.
Kraken Financial CEO Trevor Rutar said Wyoming’s regulatory framework makes qualified custody services easier. The Wyoming Division of Banking monitors Kraken Financial and performs security and operational checks. Institutional clients can trust this storage. Rutar said the company would always maintain the highest security and regulatory standards, which is crucial for big businesses investing in crypto assets.
Kraken’s Launch of Custody Services Elevates Institutional Crypto Offerings
Kraken’s dependability and trustworthiness make it a better custodian. Kraken’s responsive account management and client engagement teams help build long-term institutional client relationships, Rutar said. Continuing its ten-year tradition of excellence, Kraken Custody provides clients with safe and easy access to the cryptocurrency market.
Institutional investors can get a customized solution with Kraken Custody. Kraken’s seamless integration with other products ensures a complete asset management strategy, giving customers confidence to make smart crypto market decisions. Kraken shows it is still committed to meeting institutional investors’ changing needs while maintaining the highest security and following all regulations by providing qualified custody services.
Lastly, Kraken Financial’s launch of Kraken Custody advances institutional-grade cryptocurrency services. Kraken’s safe and reliable custody service helps institutional investors enter and succeed in the crypto market. Kraken is likely to lead the way institutions use cryptocurrencies because of its history and commitment to excellence.