Digital asset security vendor Curv has partnered with Solaris Digital Assets, a subsidiary of Germany’s crypto bank Solarisbank, to support the development of a digital custody service.
The crypto asset service is expected to be rolled out across Europe following the onboarding of a number of regulated custodians in Germany.
The partnership follows a deal Curv signed in October with BNP Paribas Securities Services to develop a proof of concept for transferring digital security tokens.
A fully-fledged digital custody market has been identified as a vital component in the developing digital assets market.
There have also been a number of regulatory developments of late from the likes of the US Office of Comptroller of Currency and Germany’s BaFin to support the launch of digital custody offerings .
Alexis Hamel, managing director of Solaris Digital Assets, added that its “cutting-edge” crypto-custodian services are also “fully compliant with anti-money laundering regulations in Europe”.
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