On March 9, 2020, Ontology, Accomplice, and KingdomTrust revealed that they are collaborating to support joint custody solutions which will encourage increased US and US-Asia blockchain development.

According to the announcement, KingdomTrust will immediately support custody and escrow solutions for Ontology’s ONT tokens, encouraging US-based investors and startups to participate in global identity trust exchanges using the protocol.

KindomTrust solutions are insured by UK-based insurance company Lloyds which is an approved crypto carrier that uses cold-storage wallets to safeguard a variety of crypto assets.

The Ontology Co-founder Andy JI explained that his blockchain project aims to be a leading cross-chain and amalgamation from global institutional custody solutions from Singapore to the USA.

He said:

“Ontology aims to be the leading cross-chain US-Asia blockchain, and integration from global institutional custody solutions from Singapore to the US are critical to Ontology’s expansion.”

For institutional investors in Asian blockchain projects, appropriate US-custody providers with proven safeguards are critical to growing cross-border market participants.

The Platform Spearheads Fiat Trading Capability to Quality Blockchain Projects

Ontology blockchain project has been at the forefront of fostering crypto adoption by offering a fiat to the crypto exchange platform.

Just four months ago, Swiss-based digital asset platform BiboxEurope selected the very first project in the form of Ontology to be listed under their initiative.

The BiboxEurope platform explained that the initiative to offer fiat trading capabilities to top blockchain projects such as Oncology is aimed at assisting them to overcome the test of finding a crypto exchange that supports crypto-fiat trading.

By doing so, Ontology, in partnership with BiboxEurope, made a crucial step toward making digital tokens accessible to almost everyone, especially in the EU market.

The recent collaboration with Accomplice and KingdomTrust, along with the recent partnership with BiboxEurope prove that the ONT token and its underlying framework are powerful examples of how the blockchain can be leveraged to solve real-world business problems.

Ontology in the Driver’ Seat in Making Crypto More Accessible

Ontology announced last November that it would partner with Bibox, an Estonia-based crypto exchange, to launch a debit card that will work on Visa/MasterCard and UnionPay networks across the globe.

The debit card will become the first-ever card to be launched in the blockchain industry to work on the UnionPay network. The debit card is expected to play an important role in promoting the use of digital assets among users by making it easier for them to conduct transactions using it.

