Altcoins Talks - Cryptocurrency Forum
Further Discussions => Banks & Cryptos => Topic started by: MRM on August 05, 2020, 05:39:37 PM
-
Online fintech and blockchain investment platform BnkToTheFuture is moving client assets to a Hong Kong-based trust company citing a “systemic risk” with traditional banking.
Announced Wednesday, custody provider First Digital Trust (FDT) will be responsible for storing BnkToTheFuture's client crypto and fiat currency assets.
BnkToTheFuture CEO Simon Dixon told CoinDesk the most important difference will be that client money is "legally segregated" under a trust structure, but there is no guarantee of segregation at a bank.
Source: https://www.coindesk.com/bnktothefuture-steps-away-from-banks-citing-mounting-risk-to-clients-assets