Kraken Institutional Expands Custody Solution to UK and Australia
18 Julio 2024 - 8:15AM
Business Wire
Kraken’s state-chartered bank, Kraken Financial, will offer
custody services directly to institutional clients in both
jurisdictions
Kraken Institutional, the dedicated brand for bespoke crypto
solutions for institutional investors, from one of the
longest-standing and most secure cryptocurrency exchanges, has
announced that Kraken Custody is now available to institutional
clients in both the UK and Australia, in its first international
expansion since launch earlier this year.
From today, eligible investors in the UK or Australia can store,
manage and transfer crypto assets in Kraken Custody. Combining
best-in-class security with a seamless integration to the rest of
the Kraken product suite, Kraken Custody enables clients to act in
the fast-paced world of crypto while funds remain in segregated
accounts.
Tim Ogilvie, Head of Kraken Institutional, said: “Kraken
has long had a strong presence in the UK and Australia, so they
were the prime destinations to expand Kraken Custody to. Both
markets have well established institutional crypto scenes and we
anticipate the local launch of Kraken Custody will enable them to
increase their engagement in the asset-class.”
Kraken Custody is offered via Kraken Financial, a US
state-chartered bank that has offered a qualified custody solution
in select US states since its launch in March this year. Kraken
Financial will offer custody services directly to UK and Australian
clients. Just like in the US, funds and assets will be held remote
from Kraken and will be available to withdraw at all times.
Trevor Rutar, CEO of Kraken Financial, said: “Kraken
Financial’s state-bank chartered in Wyoming means Kraken Custody is
held to some of the most rigorous security and operational checks
of any crypto custodian, translating into the security and
reliability institutions need. We look forward to rolling out our
robust solution to institutions in both the UK and Australia so
they can continue to engage in the crypto-asset vertical.”
Kraken Custody currently supports BTC, ETH, USDC (ERC20), with
additional asset support coming later this year.
For media enquiries, please reach out to press@kraken.com. Learn
more about Kraken’s custody offering here.
About Kraken
Kraken is one of the world’s longest-standing and most secure
crypto platforms. Our mission is to accelerate the global adoption
of crypto, so that everyone can achieve financial freedom and
inclusion. Globally, Kraken clients trade more than 200 digital
assets and 6 different national currencies, including GBP, EUR,
USD, CAD, CHF, and AUD.
Founded in 2011, Kraken was among the first to offer spot
trading with margin, parachain auctions, staking, regulated
derivatives and index services under one roof. Trusted by over 10
million individuals, traders and institutions around the world,
Kraken offers professional 24/7/365 client support along with one
of the fastest, most performant trading platforms available. Kraken
has set the industry standard for transparency and client trust,
and was the first crypto platform to conduct Proof of Reserves. In
2024, Kraken ranked 14th in Newsweek's Global Top 100 list of Most
Loved Workplaces. The only crypto company to have made the list two
years in a row, this showcases how the platform offers one of the
world's most compelling employment opportunities.
Kraken markets can be monitored and traded via the web or
through the Kraken and Kraken Pro iOS and Android apps.
For more information about Kraken, please visit
www.kraken.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240717854890/en/
Lauren Post press@kraken.com