Coinbase has released an official blog post claiming that its digital assets custodian solution for institutional investors is now live. The project is called ‘Coinbase Custody’ and it is meant to provide security for institutional investors. The blog post announced that Coinbase has already been storing over $20 billion worth of cryptocurrencies on behalf of its customers. The firm has steadily worked with regulators to obtain the required licenses to start this project. In order to become a SEC regulated broker dealer, the firm teamed up with Electronic Transaction Clearing (ETC).

Besides being approved by the SEC, ETC is also a member of Wall Street’s Financial Industry Regulatory Authority (FINRA). Being compliant with both FINRA and the SEC, institutional investors can finally offer a peace of mind to institutional investors who can start depositing huge amounts without being worrisome.

For now investors from the US and Europe can store their digital assets with Coinbase Custody, current support includes BTC, ETH, LTC and BCH. More coins will be available soon according to the firm and the service will be available for Asian institutions as well by the end of 2018.

Licenses and approvals from regulators are important, but technical details of the security measures are quite impressing as well: on-chain segregation of crypto assets, offline, multi-sig and geographically distributed transaction protection and robust cold storage auditing and reporting just to name a few. Besides cold storages Coinbase will add segregated secure hot wallets as well.

Coinbase is still in the high league when it comes to Digital Asset platforms, in June they announced an own Index Fund that provides investment opportunities for US resident accredit investors in amounts of $250.000 to $20 million. Moreover Coinbase working hard to achieve its own federal banking license in order to become a fully SEC-regulated broker dealer as well.

Brian Armstrong invited crypto funds to join his new venture:

https://twitter.com/brian_armstrong/status/1013964041960607745