Hong Kong Asset Manager to Create Custody Offering for Crypto Assets

[kreslik.news]

Fusang Investment Office, a Hong Kong-based provider of asset management service to affluent families and individuals in Asia, will set up a new venture to provide custody services for cryptocurrency-denominated assets managed by institutional investors.

The new business unit, dubbed Fusang Vault, combines Fusan’s expertise from asset administration with digital asset security, in a bid to provide a safekeeping service for investment houses looking to gain exposure to the rapidly emerging asset class.

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In simple terms, a custodian is a financial institution that holds assets, in both electronic and physical forms, on behalf ... (read more)