Today we’re proud to announce that Grayscale, the world’s largest digital asset fund manager, has chosen Coinbase Custody to store its digital assets. Coinbase Custody will serve as custodian for the underlying assets in Grayscale’s family of products, which include Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Stellar Lumens (XLM), XRP and Zcash (ZEC). Coinbase Custody is also exploring support for Horizen (ZEN), pending regulatory approval.

Grayscale’s decision to trust its client’s assets to Coinbase Custody comes after a thorough and systematic review. Grayscale’s team undertook a comprehensive diligence process which focused on factors such as security, regulatory compliance, insurance coverage, and the overall ability of its custody partner to scale with their business. We’re honored to have been selected based on such a robust evaluation process.

Grayscale joins a roster of world-class institutions that have chosen to partner with Coinbase Custody, including leading crypto funds like Polychain Capital, Autonomous Partners, a16z crypto, and many more.

Coinbase is committed to serving a wide spectrum of institutional clients including hedge funds, family offices, endowments and proprietary trading desks as they decide to onboard crypto. Our institutional range of products provides a seamless, powerful and compliant ecosystem for our clients to trade, store and interact with their crypto. The suite combines access to the world’s largest pool of regulated, verified crypto liquidity through Coinbase Pro with high performance APIs and a high-touch coverage team. Paired with access to our global OTC trading desk and Coinbase Custody’s highly secure and insured storage platform, Coinbase delivers the trust, security, and performance needed by investors to trade with confidence.