Onchain Custodian, the Cryptocurrency & Digital Asset Custodian Backed by Sequoia, Announces Its First Customers and Partnerships – Business Wire

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SINGAPORE–(BUSINESS WIRE)–Following its successful service launch, Onchain Custodian (ONC),
the digital asset custodian backed by Sequoia, Fosun and DHVC, announces
the on-boarding of its first customers and the establishment of
important partnerships.

Headquartered in Singapore, ONC has developed a personalised and
comprehensive custody service for institutional players and accredited
investors to secure digital assets with institutional grade security and
controls. The SAFE™ Digital Asset Custody Platform is flexibly
built to meet the possible futures of digital asset custody.

Onchain Custodian’s launch event took place at the Mandarin Oriental
Singapore on the 11th of April during the Asia Pacific
Blockchain New Finance Summit. The event attracted VIP guests from all
over the world, from Canada to China. Some have announced at this
occasion their plans to use Onchain Custodian’s services.

On top of the Ontology Foundation, which announced two weeks ago
its use of the service, Tembusu
Partners
, Pre
Angel
, JLAB
|
JD
Capital
, Fission Capital, Frees
Fund
, Timestamp Capital, Milestone, among seven others,
will start the on-boarding process with Onchain Custodian in the coming
weeks.

Mr. Pak Lum MOCK, Managing Partner, Tembusu Partners. “As a
leading private equity firm with deep roots in Emerging Asia, Tembusu
holds digital asset investments that we want to be safe and properly
managed. We trust that Onchain Custodian, with its strong Asia Pacific
footprint, will offer us the personalised service we are looking for.”

Mr Jian SUN, Founder, JLAB | JD Capital: “Onchain Custodian’s
founders and backers are a strong testimonial of the seriousness of the
project. By safekeeping our digital assets with ONC, we are following
the best practice that should prevail for any institutional investments;
independent third-party custody.”

Ms Sandy Peng, Partner, Fission Capital: “Digital asset
investments are tricky to manage in view of the current diversity of
blockchain and token protocols. Having the secure single window access
to blockchains that Onchain Custodian offers will help us manage our
investments”.

During its launch event, Onchain Custodian also announced important
partnerships with channel partners such as Infinito
who will help promote ONC’s services, but also industry groups.
Alexandre Kech, CEO, ONC: “Best practices around digital asset custody
are critical to the future of this industry. We are committed to work
with customers but also associations like the Distributed
Regtech Collaboration Platform
, the Malaysia Blockchain
Association
or the Digital Exchange Association to build the
global standard for digital asset custody.”

Additional partnerships includes Accuity,
the renowned compliance platform provider that ONC will use for KYC and
AML/CFT compliance, and Polymath,
a globally known Securities Token platform which will refer Onchain
Custodian as one of its custodian service providers. Thomas Borrel,
Polymath: “Reputable custodians are a critical component in the security
token issuance journey, especially as institutions look for new and
innovative way to generate growth. We are thrilled to partner with
Onchain Custodian to provide our Asia-based Issuers with a secure and
dependable custody solution.”

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