LONDON, Aug. 19, 2022 /PRNewswire/ -- FCA-registered
crypto custodian Digivault, part of the EQONEX Group (Nasdaq: EQOS)
has added support for BNB Chain enabling clients to now hold assets
running on BNB Chain, including BNB, BUSD & BEP20 tokens, in
their Digivault accounts.
This follows the announcement earlier this year by Digivault's
parent company, EQONEX Limited, that it had entered into a
strategic partnership with Binance Connect (Bifinity UAB), a
payments technology company that is part of the Binance Group.
The introduction of BNB Chain is the latest in a long line of
additions that Digivault has added support for in 2022. Each asset
is subject to a thorough due diligence process prior to being
approved for custody to ensure that Digivault holds only
high-quality digital assets.
Tom Griffiths, Digivault's Chief
Compliance Officer, explains: "It is fundamental that all assets go
through a thorough Asset Assessment to assure that as a Financial
Conduct Authority Anti Money Laundering (FCA AML) registered
business, we are doing all that 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."
BNB Chain has seen immense traction since launch, in part due to
its low gas fees which is in stark contrast to the Ethereum
network's sky rocketing gas prices, and in part due to BNB Chain's
reduced network congestion, another issue with the Ethereum network
during peak periods.
Rob Copper, CEO of Digivault,
says: "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 BNB Chain will play a central role."
About Digivault
Digivault provides digital asset custody that integrates
physical and virtual security, giving institutions tangible
solutions in a rapidly evolving world. We deliver a powerful
custodian that combines multiple layers of protection, eliminating
the need for trust in a single person or group of people. As part
of a Nasdaq-listed company, we are accountable to the SEC, meaning
increased regulation. However, we eliminate the need for trust
through our processes and technology, providing our clients with
peace of mind.
Digivault is part of the EQONEX Group. EQONEX Limited (NASDAQ:
EQOS) is a technology driven digital assets financial services
group that provides institutional grade infrastructure, custody and
asset management solutions to clients. The Group's digital assets
ecosystem has been designed to accommodate the needs of
institutions and individuals with the same degree of regulatory
oversight and security they are accustomed to in traditional
financial markets. primarily encompasses Digivault, and Asset
Management.
For more information visit: www.digivault.com. Follow Digivault
on social media on Twitter @DigivaultGlobal, and on LinkedIn.
Forward-Looking Information
Any forward-looking statements in this press release are based
on available current market material and management's expectations,
beliefs and forecasts concerning future events impacting EQONEX.
You are cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, as well as assumptions, which, if they were to ever
materialize or prove incorrect, could cause the results of EQONEX
to differ materially from those expressed or implied by such
forward-looking statements. The forward-looking statements made in
this press release speak only as of the date hereof and we disclaim
any obligation, except as required by law, to provide updates,
revisions or amendments to any forward-looking statements to
reflect changes in our expectations or future events.