Goldmoney Announces Dealing and Institutional Crypto Custody Partnership with Malbex

Goldmoney(TSX:XAU) has announced a dealing and third-party custodian relationship with Malbex Resources (TSXV:COIN).

As quoted in the press release:

Through the new partnership, Goldmoney will facilitate all purchases and sales of cryptocurrencies and Goldmoney subsidiary BlockVault Inc. (“BlockVault”) will act as a third-party qualified custodian for COIN’s crypto-asset holdings.

“Having worked with the Malbex team for over six months to achieve the proper operational structure and listing approvals, we are confident in COIN’s potential and this partnership,” said Josh Crumb, Goldmoney CSO and founder of BlockVault. “COIN is one of the world’s first crypto-asset merchant investment businesses to achieve a listing on a major exchange, and the only one that I’m aware of that will have fully-transparent, third-party insurance and auditing on their crypto-asset portfolio. Our relationship with COIN is an exciting first example of the types of markets we can open up with BlockVault’s institutional cold-storage technology, allowing institutional investors exposure to this new asset class while ensuring the private keys for their underlying assets are securely stored in safe custody and insured. We still find it incredible that anyone managing ‘other people’s money’ is willing to put client capital in exchanges, funds, corporates, or other investment structures where those holding private keys have little to no financial transparency or third-party assurance. While it’s still very early, we believe COIN has the potential to be a go-to investment for those making allocations to crypto-assets.”

Click here to read the full press release.