Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.
It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.
In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.
Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.
They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).
CEO, Price Trust
Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.