Anchorage (a cryptocurrency custody services company) has added insurance coverage for storing digital assets. This is a result its partnership with major insurance broker Aon. Anchorage clarified in a post that not all coverage of cryptocurrency custody insurance is equal as most custodians use a combination of hot and cold storage, on which policies may differ.
High-end Swiss watchmaker Franck Muller has partnered with alternative assets investing firm Regal Assets to release the bitcoin (BTC) storage watch Encrypto. The deep cold storage wallet is unhackable and uses offline generated, non-deterministic TRNGs (True Random Numbers Generated). Regional director of Franck Muller, Erol Baliyan commented, “Bitcoin is the millennial gold and is the perfect marriage between innovation and personal choice.”
The PR9 Network has come up with a real-time institutional trading and settlement platform for blockchain-based assets held in cold storage. Jamie Forrester, COO of the PR9 Network, said, “…The PR9 Network solves key industry problem by eliminating the trade-off between security and generating a return, by providing clients with the ability to trade their PR9 assets with the knowledge that their underlying assets are being kept secure in cold storage.”
A blockchain security company based in Taiwan, CoolBitX have established strategic partnership with Asia Blockchain and Crypto Association (ABACA), the appointed Self-Regulatory Organization (SRO) of the Cagayan Economic Zone Authority (CEZA). The aim of the collaboration is to introduce cold storage for a security token to provide a secure environment.