Coinbase Custody Added to Polymath Service Provider Ecosystem

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Coinbase Custody, a US-based qualified custodian specializing in digital asset custody for institutions, has been added to the Polymath Service Provider Ecosystem. Polymath users now have access to Coinbase’s secure and battle-tested custody storage, while minimizing onboarding friction on all sides.

The Polymath Service Provider Ecosystem brings together custody agents, broker-dealers, legal firms, cap table management providers, KYC/AML providers, and others who can help users create and manage their token.

“Institutions adopting digital asset solutions need an ecosystem that provides a comprehensive suite of tools,” said Steven Capozza, Coinbase’s Institutional Coverage Group. “Users are looking for a balance of regulatory compliance, asset security and intuitive technology, and we are eager to continue adding new assets and growing the cryptoeconomy."

Coinbase Custody is an independent NYDFS-regulated entity built on Coinbase’s crypto-first DNA. While their custody solution has been designed from the ground up for the unique challenges of storing crypto assets, it operates similarly to traditional custody services and is overseen by the same regulators, held to similar capital requirements, and audited in the same way as a traditional custodian.Making Blockchain Work for Capital Markets CTA

Further demonstrating their commitment to security and oversight, Coinbase Custody was the first crypto custodian to receive the Service Organization Control (SOC) 1 Type 2 and SOC 2 Type 2 certifications.

Coinbase Custody has integrated the ERC 1400 standard. Spearheaded by Polymath, ERC 1400 has been widely adopted in the industry and provides a consistent framework to unite market participants. As a result, ERC 1400 tokens can onboard to Coinbase Custody quickly and compliantly, without additional technical due diligence.

“Safe custody of digital assets is crucial for both institutions and individuals,” said William Vaz-Jones, Director, Partnership Development at Polymath. “We’re thrilled to add Coinbase Custody to our growing ecosystem of over 50 service providers.”

 

About Coinbase Custody
Launched in 2018, Coinbase Custody offers its clients access to the same secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange businesses since 2012. Coinbase Custody is regulated by the New York State Department of Financial Services and is an independent entity built on Coinbase’s crypto-first DNA. All customer digital assets are segregated, held in trust for the benefit of our clients, and protected by an industry-leading insurance program. Coinbase Custody currently offers support for more than 37 digital assets. For more information, visit https://custody.coinbase.com.

About Polymath
Polymath makes it easy to create, issue, and manage tokens on the blockchain. Over 200 tokens have been deployed using our Ethereum-based solution and we are now in the midst of launching Polymesh, an institutional-grade blockchain built specifically for regulated assets. It streamlines antiquated processes and opens the door to new financial instruments by solving the inherent challenges with public infrastructure around identity, compliance, confidentiality, and governance.

Watch this 2-minute demo to see the process of issuing a token on our new purpose-built blockchain, Polymesh, in action, or visit https://polymath.network to learn more.

Media contact
Red Lorry Yellow Lorry
polymath@rlyl.com

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