Coinbase Global Inc. (NASDAQ: COIN), 3iQ Digital Asset Management and Tetra Trust Company have finalized the custodian transition for 3iQ’s exchange-traded products (“ETPs”). As a result, Coinbase and Tetra now serve as custodians for the full range of 3iQ’s digital asset offerings. The transaction had been announced earlier this year. According to the announcement, 3iQ ETP digital assets are held in segregated custody accounts with Coinbase Custody Trust Company providing the cold storage and Tetra Trust providing oversight. Based on this arrangement, the 3iQ ETP offerings retain their normal course of business and fund operations. 3iQ is one of Canada’s leading digital asset investment fund managers and was the first to offer a public bitcoin investment fund. The only trust company in Canada licensed to custody digital assets, Tetra Trust delivers the most advanced digital asset storage technology in the industry. “This strategic collaboration further strengthens and aligns 3iQ as an investment fiduciary with the strong focus on regulatory compliance and prudent risk management that Coinbase and Tetra provide as industry-leading custodians,” the press release stated.
To view the full press release, visit https://nnw.fm/uPgWV
About Coinbase Global Inc.
Coinbase is building the cryptoeconomy — a more fair, accessible, efficient and transparent financial system enabled by crypto. The company started in 2012 with the radical idea that anyone, anywhere, should be able to easily and securely send and receive Bitcoin. Today, Coinbase offers a trusted and easy-to-use platform for accessing the broader cryptoeconomy. Built for institutions, Coinbase integrates advanced agency trading, custody, prime financing, staking, staking infrastructure, market data and reporting that supports the entire transaction lifecycle. The company combines these capabilities with leading security, insurance and compliance practices to provide institutional clients with a full-service platform to access crypto markets at scale. For more information about the company, visit www.Coinbase.com.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork
