Ledger and Legacy Trust to Offer Institutional Grade ERC-20 Token Storage Services

Hardware wallet maker Ledger has partnered with Legacy Trust to create an institutional-grade custodian service for a variety of cryptocurrencies, including ERC-20 tokens..

Hong Kong-based firm Legacy Trust will use Ledger Vault to manage multi-signature crypto wallets. Representatives of the company say that since the beginning of the year, they have received about five requests for storage of virtual assets of the ERC-20 format every week. Therefore, they decided to work not only with leading cryptocurrencies like Bitcoin, but also with Ethereum-based tokens.

It will also allow all companies planning to conduct an STO, reliably protect issued assets of a popular format. The head of the Legacy Trust said that despite the high level of security and control, Ledger solutions provide customers with a comfortable environment.

Ledger and Legacy Trust to Offer Institutional Grade ERC-20 Token Storage Services

By product development for banks and hedge fund company Ledger began to engage at the beginning of 2018, when the cryptocurrency market interested institutional investors. Large financial institutions such as Fidelity Investments, Julius Baer also noticed increased attention. and others who have also begun to provide custody services for a new asset class.

text: Ivan Malichenko, photo: assets.bwbx

Ledger and Legacy Trust to Offer Institutional Grade ERC-20 Token Storage Services

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