Fund services provider Zedra has teamed up with digital custodian Vo1t to launch an end-to-end solution for the purchase and sale of Bitcoin.
This is being done using an escrow agreement, enabling Zedra to store the buyer's fiat money "within its AAA rated money market funds", using the services of a US investment bank.
The fund services provider also collaborated with digital assets specialist BCB and blockchain firm Constellation Group on the initiative.
Zedra's entry into the digital assets space ensure that our existing client base will be able to safely access the emerging world of digital assets"
In addition to holding digital assets and executing private trades, clients will be able to safely access a broad spectrum of global market liquidity options direct from their ZEDRA account, with institutional grade execution, settlement and reporting provided by BCB, an FCA-regulated payments and financial services group specialising in digital assets.
John Hunter, Director at Zedra, said: "Not only does Zedra's entry into the digital assets space ensure that our existing client base will be able to safely access the emerging world of digital assets, but with Zedra's global footprint, forward-thinking approach, and deep experience of offering bespoke financial services to ultra-high-net-worth clients, funds and family offices, we are uniquely qualified to cater to the needs of a new generation of wealth created by crypto-assets."
Sebastian Higgs, Director at Vo1t, said: "This milestone partnership paves the way for Zedra to enter into the digital assets market, further expanding their service offering. As the world's most secure cold storage vault for digital assets, Vo1t's AON-insured solution makes customer security a priority, and protects users against threats in the crypto market, while simultaneously making it possible to return yields on assets held in cold storage. Combined with our partners at Constellation Group and BCB Group, we are thrilled to provide Zedra's valued clients with a regulated point of entry into the digital assets market."