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HomeCrypto NewsExchangesUK FCA-Registered Blockchain Custodian Company Now Supports Binance Smart Chain

UK FCA-Registered Blockchain Custodian Company Now Supports Binance Smart Chain


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UK FCA-Registered Blockchain Custodian Company Now Supports Binance Smart Chain.

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Leading blockchain assets custodian provider, Digivault, part of the EQONEX Group, has recently added support for the Binance Smart Chain contract, allowing users to hold BEP20 compatible cryptocurrencies on their accounts starting from BNB. 

According to the official announcement, the recent development adds to the company’s list of adopted protocols in 2022, with each chain subject to thorough scrutiny before accepting the assets on the platform

As a digital asset custody provider registered under the Financial Conduct Authority Anti Money Laundering (FCA AML) of the United Kingdom, the authority that accesses every asset before incorporating it into the platform to protect consumers’ interests. This investigation ensures that  Digivault holds only high-quality assets in the protocol, according to the standard of the FCA. 

“It is fundamental that all assets go through a thorough Asset Assessment to ensure that as a Financial Conduct Authority Anti Money Laundering (FCA AML) registered business, we are doing all we can to protect the consumer. A robust due diligence process is just one aspect of why clients seek to work with FCA-registered custodians,” said Tom Griffiths, the Chief Compliance Officer at Digivault.

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The company had earlier secured a partnership with Binance Connect (Bifinity UAB), a payment division of the leading global crypto exchange Binance, through its parent company, EQONEX Limited. 

Regarding the latest addition, Rob Copper, chief executive officer at Digivault, noted that the company has been working closely with Binance Connect (Bifinity UAB) since earlier this year. 

“We have been working closely with the Binance Connect / Bifinity team since our strategic partnership was announced and are thrilled to add BNB Chain to our portfolio of assets that we support. I am excited at what the next 12 months will bring and am positive that the BNB Chain will play a central role,” he said. 

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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