Zedra Enters the Digital Assets Market
Contributed by ZEDRA
23 September, 2019
ZEDRA, the rapidly expanding global specialist in trust, corporate and fund services has announced its entry into the digital assets market with the launch of a creative end to end solution for the purchase and sale of Bitcoin through an innovative escrow agreement. ZEDRA has secured the services of a globally recognised US investment bank to hold the buyer's fiat cash within its AAA rated money market funds.
ZEDRA has also partnered with digital custodians Vo1t, trading and settlement specialists BCB and blockchain specialists Constellation Group to provide all the components needed by clients wishing to trade digital assets.
ZEDRA is forecasting interest both from within its own client base worldwide, as well as from those within its existing introducer networks, meaning regulatory vetting will already have taken place. According to CNBC, Japan leads the way in Bitcoin trades, accounting for around 50% of global activity, but China is potentially an important market too. The vast majority of trades take place as a result of US dollar and Japanese Yen sales.
Business development director John Hunter from ZEDRA comments that "The buyer's fiat cash and the seller's bitcoin will be held to the order of ZEDRA and governed by an innovative tri-partite escrow agreement containing the terms of the transaction. Following proof of funds and verification of the bitcoin and satisfaction of the terms of the arrangement, the transaction concludes. The bitcoin is then transferred to the buyer and this can either be via internet connected hot wallets, or it can be transferred utilising Vo1t's HSM cold storage custody platform."
ZEDRA recently announced that Corsair Capital LLC has taken a majority investment in the company, subject to regulatory approval. The group recently completed the acquisition of Interben Trustees in a move designed to significantly enhance its international pension and employee benefits portfolio.
For further information, please visit www.ZEDRA.com
ZEDRA is a global specialist in trust, corporate and funds services. ZEDRA's highly experienced teams deliver tailored high quality solutions to high net worth individuals and their families seeking diversified active-wealth solutions, as well as, medium to large sized companies, asset managers and their investors.
ZEDRA 's full range of services is designed to preserve and protect the real value of its clients' assets. Its entrepreneurial outlook helps and supports clients in unlocking their ambitions for growth and expansion, no matter how complex their challenges might be.
ZEDRA prides itself on getting to know its clients so that its teams can anticipate their continually evolving needs and allow them to focus on their core business and broader family interests.
ZEDRA's global footprint enables its teams to deliver bespoke solutions that meet the local and international requirements of the increasingly demanding regulatory environment.
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