• Wed, 24 Apr 2019, 08:00 AM
  • All times are UTC
  • Edition:
    International
Link copied

BitGo announces custody support for Blockchain Capital’s security token BCAP

Wed, 20 Mar 2019, 07:11 am UTC

Crypto custodian and security firm BitGo has announced support for the BCAP ERC-20 token from Blockchain Capital.

Founded in 2013, Blockchain Capital is one of the oldest and most active venture investors in the blockchain industry and has financed over 75 companies and projects till date. It invests in both equity and tokens and is a multi-stage investor. Portfolio companies include Abra, BitGo, Bitfury, Blockstream, Civic, and others.

In 2017, Blockchain Capital launched a tokenized investment fund and created a blockchain-based token, BCAP, which it sold through a $10 million security token offering. The BCAP represents an indirect economic interest in the limited partnership interest in the tokenized investment fund.

BCAP token holders benefit from exposure to the underlying assets of the fund, which invests in the digital assets and equity securities of some of the most recognized companies in the crypto and blockchain space. Importantly, they can trade their tokens on secondary trading platforms in a manner that is compliant with applicable securities regulations.

"We wanted to ensure that our custody solution for BCAP would be completely secure while easy to manage", said Brad Stephens, Co-Founder and Managing Partner of Blockchain Capital. "When we compared custody offerings, BitGo's solution was far ahead of the other options in both design and security, so we're excited to partner with them."

BitGo supports more than 100 coins and tokens, and has over $2 billion in assets in wallet. In addition to multi-signature wallet security, BitGo clients would now be able to custody their BCAP assets with BitGo Trust Company, a qualified custodian that provides compliant custody for security tokens.

“Security tokens are an increasingly important asset class for institutional investors and BitGo is here to support them,” said Ben Chan, Chief Technology Officer, BitGo. “As a qualified custodian, we recognize how critical compliance is for our clients and we’re pleased to be able to provide custody services that are compliant with securities regulations. This is a major step forward for mainstream adoption.”

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $5,521.90 (-0.79%)
  • Ethereum (ETH) $165.56 (-5.74%)
  • XRP (XRP) $0.300500 (-8.13%)
  • Bitcoin Cash (BCH) $278.06 (-8.76%)
  • EOS (EOS) $4.94 (-7.90%)
  • Bitcoin (BTC) $5,521.90 (-0.79%)
Apr 24, 2019 (Wednesday)
07:39
Disney in talks to acquire Bitstamp and Korbit owner Nexon: Report
06:13
University of Nevada, Reno teams up with blockchain startup Filament on smart city mobility project
05:12
Crypto exchange Coinbase shuts Chicago division
04:20
MIT and other universities team up to explore blockchain potential for management of academic credentials
03:32
Societe Generale issues €100m of covered bonds as security token on Ethereum blockchain
Apr 23, 2019 (Tuesday)
11:47
Blockchain identity startup Civic expands network with 12 automated retail partners
11:02
Binance launches decentralized exchange ‘Binance DEX’ on Binance Chain
09:44
Hyundai to use blockchain in new smartphone-electric vehicle pairing technology
09:06
China opens first blockchain-powered notary office in Beijing
07:28
WISeKey to open Blockchain Center of Excellence in Saudi Arabia
07:06
Data-driven marketing firm Ascent Networks joins PUBLISH Alliance
06:17
British Virgin Islands partners with LIFElabs.io for crypto payments system
03:32
Japanese crypto exchange Zaif resumes operations after hack
Apr 22, 2019 (Monday)
11:33
Bithumb’s parent company BXA eyes US and Japanese markets for expansion
10:37
Bitcoin nonprofit BitGive partners with digital money platform Uphold
09:54
JPMorgan to add new functions to blockchain-based Interbank Information Network
09:09
Florida lawmakers introduce bill to establish blockchain task force
07:18
Dutch supermarket chain Plus to use blockchain to track bananas along supply chain
06:28
Crypto exchange Coinbase adds support for Augur’s Reputation token
05:11
Tennis superstar Serena Williams backs crypto exchange Coinbase
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft