ZEDRA enters digital market
September 11, 2019

ZEDRA, a global specialist in trust, corporate and fund services, has announced its entry into the digital assets market with the launch of a creative end to end solution for the purchase and sale of Bitcoin through an escrow agreement. ZEDRA says it has secured the services of a globally recognized US investment bank to hold the buyer's fiat cash within its AAA-rated money market funds.

ZEDRA says it has also partnered with digital custodians Vo1t, trading and settlement specialists BCB and blockchain specialists Constellation Group to provide all the components needed by clients wishing to trade digital assets.

ZEDRA is forecasting interest both from within its own client base worldwide, as well as from those within its existing introducer networks, meaning regulatory vetting will already have taken place.

Business development director John Hunter from ZEDRA comments: "The buyer's fiat cash and the seller's bitcoin will be held to the order of ZEDRA and governed by an innovative tri-partite escrow agreement containing the terms of the transaction.

"Following proof of funds and verification of the bitcoin and satisfaction of the terms of the arrangement, the transaction concludes. The bitcoin is then transferred to the buyer and this can either be via internet-connected hot wallets, or it can be transferred utilising Vo1t's HSM cold storage custody platform."





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ZEDRA, a global specialist in trust, corporate and fund services, has announced its entry into the digital assets market with the launch of a creative end to end solution for the purchase and sale of Bitcoin through an escrow agreement. ZEDRA says it has secured the services of a globally recognized US investment bank to hold the buyer's fiat cash within its AAA-rated money market funds.

ZEDRA says it has also partnered with digital custodians Vo1t, trading and settlement specialists BCB and blockchain specialists Constellation Group to provide all the components needed by clients wishing to trade digital assets.

ZEDRA is forecasting interest both from within its own client base worldwide, as well as from those within its existing introducer networks, meaning regulatory vetting will already have taken place.

Business development director John Hunter from ZEDRA comments: "The buyer's fiat cash and the seller's bitcoin will be held to the order of ZEDRA and governed by an innovative tri-partite escrow agreement containing the terms of the transaction.

"Following proof of funds and verification of the bitcoin and satisfaction of the terms of the arrangement, the transaction concludes. The bitcoin is then transferred to the buyer and this can either be via internet-connected hot wallets, or it can be transferred utilising Vo1t's HSM cold storage custody platform."



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