Connect with us

Digital Securities

DACS to Provide Custodial Services for Fundament Group

mm

Updated

 on

Custodial Partnership

In an announcement issued by Fundament Group and Digital Asset Custody Services (DACS), it has been divulged that the pair will soon provide digital asset custody services.

More specifically, DACS will act as custodians on behalf of investors holding Fundament Group’s ‘Real Estate Security Token’.

Institutional grade custodial services have long been noted as one of the major hurdles between where the digital securities sector currently stands, and its potential.

Institutional Focus

DACS notes, in their announcement, that the services which they offer are specifically aimed towards large clients.  They list the following groups as examples of those they expect to serve.

  • Insurance Providers
  • Pension Funds
  • Family Offices

The technology used, in making these services possible, were developed through a strategic partnership between DACS and IBM.  When this took place, DACS Cofounder, Brad Chun, commented,

“As adoption of crypto custody, exchange and blockchain-as-a-service increases, our potential market will only expand.  We’re teaming up with IBM to take the DACS platform to market fast, opening up entirely new value proposition for both of our organization worldwide.”

Commentary

Upon announcing this new partnership, DACS Cofounder, Neil Fillary, took the time to comment.  The following is what he had to say on the matter.

“Fundament Securities is on track to bring institutional players into the space of decentralized finance. Smart contracts and digital-asset technologies are set to transform the way enterprises across industries do business. Now with our digital asset custody solution, Fundament’s underlying infrastructure can help bring security, and accessibility in the crypto-asset market to new heights.”

Fundament Group

Fundament Group is a Berlin, Germany, based company, which was founded in 2018.  Above all, the team at Fundament Group has worked to develop a suite of services meant to act as a comprehensive tokenization platform.

CEO, Thomas Ermel, currently oversees company operations.

Digital Asset Custody Services

Operating out of Boat Quay, Singapore, DACS is a custody service provider which was founded in 2018.  In their short time in operation, the company has managed to establish multiple high profile relationships with companies such as IBM, and LG, on route to developing their custodial platform.

The team at DACS is led by a trio of professionals – Brad Chun, Chul Ho Choi, and Peter Kim.

In Other News

Over the past few months, we have reported on Fundament Group’s actions various times.  This includes multiple events which will see hundreds of millions worth of real estate undergo tokenization through their platform.  The following articles take a look at these events, and the role that Fundament Group will place.

Fundament and Bauwens to Tokenize Emporio Tower

Fundament Group to Issue €250 Million in Security Tokens backed by German Real Estate

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.

Newsletter Subscription

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.