Kingdom Trust uses a cold storage security platform designed to provide ultra-cold security of the digital assets held by Kingdom Trust. All private and cryptographic keys are held physically stored on offline servers that never have and never will have access to the internet. The platform incorporates multiple layers of the most advanced forms of cryptographic security to secure crypto.

Coinbase

Coinbase Custody Trust Company, LLC is a limited purpose trust that was chartered in 2018 upon receiving a trust charter from the New York Department of Financial Services. The company has a capitalization of U.S.$10 million and bank-level oversight by the New York Department of Financial Services. Coinbase Custody Trust Company, LLC is a qualified custodian that provides custody solutions for financial institutions and certain qualified individuals. As of March 2019, Coinbase Custody Trust Company, LLC had over 90 clients and over USD $575 million of digital assets under custody. As of March 2019, Coinbase Custody Trust Company, LLC supported: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP), Litecoin (LTC), Basic Attention Token (BAT), 0x (ZRX), OmiseGo (OMG), Blockstack (STX) and Maker (MKR), and has been adding support for additional digital currencies on an ongoing basis.

Coinbase Custody Trust Company, LLC provides insured safekeeping of digital assets using a multi-layer, multi-party cold storage security platform designed to provide offline security of the digital assets held by Coinbase Custody Trust Company, LLC. Coinbase Custody Trust Company, LLC. has insurance coverage as a subsidiary under its parent company, Coinbase Global, Inc., which procures fidelity (aka crime) insurance to protect the organization from risks such as theft of funds. Specifically, the fidelity program provides coverage for the theft of funds held in hot or cold storage. The insurance program is provided by a syndicate of industry-leading insurers that are highly rated by AM Best.

Coinbase Custody Trust Company, LLC aims to reduce risks commonly seen in third-party security software solutions through security protocols and combines audited policies and procedures and best-in-class technology into an insurable safekeeping solution through a regulated financial institution.

Safety and Security Features

Cold Storage: Cold storage in the context of crypto assets means keeping the reserve of crypto assets offline, which is a widely-used security precaution, especially when dealing with large amount of crypto assets. Crypto assets held under custodianship with the Custodian will be kept in high-security, offline, multi-layer cold storage vaults. This means that the private keys, the cryptographic component that allows a user to access crypto assets, are stored offline on hardware that has never been connected to the internet. Storing the private key offline minimises the risk of the Crypto Assets being stolen.

Multiple private keys: All private keys are securely stored using multiple layers of high-quality encryption and in Custodian-owned offline hardware vaults in secure environments. No customers or third parties are given access to the Custodian’s private keys. The use of multiple private keys makes retrieving crypto assets from the wallet more difficult and aims to further reduce the risk of hacking theft and/or robbery.

Whitelisting: Transactions are only sent to vetted, known addresses. The Custodian’s platform supports pre-approval and test transactions.

Audit Trails: Audit trails exist for all movement of Products within Custodian-controlled Crypto Asset wallets and are audited annually for accuracy and completeness by an independent external audit firm.

Dedicated Wallets: Assets are held in dedicated wallets with no comingling amongst different users.

In addition to the above measures, in accordance with the Custodial Services Agreement, crypto assets held in custody with the Custodian will be segregated from both the proprietary property of the Custodian and the assets of any other customer.