• Thu, 27 Jun 2019, 06:04 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
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. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $12,845.30 (+2.05%)
  • Ethereum (ETH) $333.60 (+0.37%)
  • XRP (XRP) $0.461100 (-3.00%)
  • Bitcoin Cash (BCH) $476.49 (-2.57%)
  • Litecoin (LTC) $128.46 (-5.23%)
  • Bitcoin (BTC) $12,845.30 (+2.05%)
Jun 27, 2019 (Thursday)
05:13
CoinMarketCap acquires Hashtag Capital to enhance crypto data offering
04:20
Blockchain startup dfuse raises $3.5M, led by Multicoin Capital and Intel Capital
03:41
CZ: 'the future is here' as Binance transfers $1.2B in BNB in 1 second for $0.01
03:37
Square rolls out bitcoin deposits for all Cash App users
Jun 26, 2019 (Wednesday)
12:45
Opera launches blockchain-ready browser for iOS
12:16
Crypto Technicals: ETH/USD hits new 10-month highs at 340, eyes 396 (23.6% Fib)
11:14
Northern Trust hands over private equity blockchain technology platform to Broadridge
10:06
Amun launches new ETP using Bitwise 10 Select Large Cap Crypto Index
09:08
Startup Lolli partners with Hotels.com to reward travelers with bitcoin
09:04
SWIFT to give blockchain-based firms access to its GPI payments
08:52
Germany's CDU and CSU Union wants to incorporate blockchain in public services
07:46
Crypto firm LedgerX obtains CFTC approval for physically-settled derivatives contracts
07:45
Crypto Technicals: XMR/USD fails to track gains in Bitcoin, slips below 100, bias turning bearish
06:54
EY to utilize Guardtime’s blockchain, Sensyne Health’s AI for outcome-based health payments
06:35
Q2 Solutions, HSBlox, and R3 successfully conduct proof-of-concept blockchain application in clinical research
06:20
TP ICAP enters crypto business to trade bitcoin futures
06:04
Israeli brothers arrested for 2016 Bitfinex hack, global retrieval effort underway
05:32
Paysend acquires blockchain firm Rapid SD following stablecoin launch
05:31
Crypto Technicals: Bitcoin takes out $12,000 mark, bulls eye 61.8% Fib at $13,488
05:08
New partnership provides $100M insurance for crypto retirement plans
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft