Connect with us

Digital Securities

Coinbase Custody Adds Support for Digital Security ‘BCAP’

mm

Updated

 on

Coinbase Custody Adds Support for Digital Security 'BCAP'

BCAP Support

In a move important to the world of digital securities, Coinbase has just announced the immediate support for BCAP tokens on Coinbase custody.

This means that investors now have a reliable service to not only store their BCAP tokens, but to deposit and withdraw them as well.

Ideally, this announcement of support will have broken the ice – meaning we will hopefully see Coinbase Custody bring support for an increasing amount of similar tokens.

Custody Solutions

Since day one, reliable custody solutions have been noted by many as one of the major hurdles to achieving mainstream adoption of digital securities. Recognizing this, various companies have been working hard to develop their own solution. Coinbase custody represents one of these offerings, and in its short time since launch, has become one of the industry’s most popular services.

To date, Coinbase custody manages over $1 billion in funds, represented by over 30 assets – now including BCAP.

Coinbase Custody: An Introduction

BCAP

Beyond the service they offer, Blockchain Capital is notable as they represent one of the very first security tokens to be offered to investors. This digital security was developed through use of the ‘DS Protocol’ – a product of industry leading issuance platform, Securitize.

The BCAP token represents fractionalized ownership in an investment fund, tailored around companies within the blockchain industry. For a full look at the BCAP portfolio, check out the list HERE.

Company operations are headquartered in San Francisco, and overseen by Managing Partners, P. Bart Stephens and W. Bradford Stephens.

Coinbase

Coinbase is a Seattle based company, which operates as a service provider within the world of cryptocurrencies and blockchain. These range from merchant services, to custody solutions, and trading capabilities.

Despite their standing within the industry, and the services developed by their team, Coinbase has notably struggled to retain talent in recent months. We have seen the departure of multiple high-level employees. The most recent of which is the Coinbase CTO, Balaji Srinivasan.

Company operations are overseen by CEO, Brian Armstrong.

In Other News

Custody solution are a vital component to creating a flexible and reliable foundation within digital securities. Here are a few articles discussing the adoption, and launch, of various custody solutions over recent months.

TokenSoft Announces ‘Knox Wallet’ – A Mobile Custody Solution for Security Tokens

Copper to Provide Security Token Custodial Services to Swarm

TokenSoft Global Markets adds Coinbase Custody, Expanding Security Token Services

Spread the love

Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Advertiser Disclosure: Securities.io is committed to rigorous editorial standards to provide our readers with accurate reviews and ratings. We may receive compensation when you click on links to products we reviewed.

ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

Trading Risk Disclaimer: There is a very high degree of risk involved in trading securities. Trading in any type of financial product including forex, CFDs, stocks, and cryptocurrencies.

This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

Securities.io is not a registered broker, analyst, or investment advisor.