Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol (NEAR) & Polkadot (DOT)
With over 300 clients and having topped more than $8 billion in crypto assets stored, Coinbase Custody is the world’s largest and most trusted institutional crypto custodian. Started in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business for more than seven years. Coinbase Custody is an independent legal entity regulated by the New York State Department of Financial Services that is built on Coinbase’s crypto-first DNA. Coinbase Custody offers one of the most sophisticated and reliable crypto custody solutions in the world.
As our client base grows, we are proud to continue adding support for the assets our clients care about. Today, we’re announcing at-launch support for cGLD, FIL, KEEP, NEAR & DOT. This means that our customers will be able to safely store these assets on the Coinbase Custody platform from the moment each of these networks goes live.
Coinbase Custody also continues to provide staking infrastructure at launch for Proof-of-Stake networks, which includes Celo Gold, Keep Network, NEAR Protocol and Polkadot.
Investors in these new networks will be able to benefit from Coinbase Custody’s industry-leading offline storage and insurance coverage. Additionally, Coinbase Custody recently became the first crypto custodian to certify both SOC 1 Type 2 and SOC 2 Type 2 reports.
Support for Custody & Network Participation
As the leading institutional crypto custodian, we are committed to supporting ecosystem development by enabling secure participation in all networks on our platform. Coinbase Custody recently launched Compound Governance and collaborated with Bison Trails for staking.
“For people who custody with Coinbase Custody, and want to stake with secure and highly available Bison Trails validators, this integration is a game-changer,” said Joe Lalloz, CEO of Bison Trails.
Coinbase Custody now supports more than 50 crypto assets and we’re always adding more. We’re excited to welcome Celo, Filecoin, Keep Network, NEAR Protocol & Polkadot to the platform.
Celo’s mission is to build a financial system that creates the conditions for prosperity for everyone. Celo’s mobile-first platform provides the opportunity to bring open finance to the 5.6 billion smartphone owners around the world. Celo Gold is a utility and governance asset enabling participation on the Celo platform. Visit celo.org for more information.
“Celo, like Coinbase, has a mission to build an open financial system. We’re delighted that Coinbase Custody, as one of the most trusted and reputable organizations in the ecosystem, has decided to support custody of Celo Gold at launch.” Rene Reinsberg, co-founder of Celo
Filecoin is a decentralized storage network and marketplace designed to store humanity’s most important information. Miners earn Filecoin tokens by renting open hard drive space, and clients pay miners to store and retrieve their data. Visit filecoin.io to learn more.
“As the Filecoin mainnet launch approaches, users are deciding which platform allows them to use FIL most easily. We’re thrilled that Coinbase Custody is providing secure custody for FIL. Coinbase has a great track record of building new, innovative tools for its users.” Juan Benet, Filecoin project founder
About Keep Network
Keep is a privacy layer for Ethereum. A “keep” is an off-chain container for private data. Keep helps smart contracts harness the full power of the public blockchain — enabling deep interactivity with private data. The Keep network, powered by KEEP tokens, handles custodianship for tBTC. Keep is a portfolio company of venture studio Thesis. Visit keep.network to learn more.
“We are thrilled Coinbase Custody will support KEEP tokens at launch. This comes at an exciting time for Keep as we build up to our June 8 ‘stakedrop’ where anyone can stake ETH and earn KEEP,” Matt Luongo, Keep project lead
About NEAR Protocol
NEAR’s mission is to enable community-driven innovation to benefit people around the world. NEAR provides a decentralized storage and compute platform that is secure enough to manage high value assets like money or identity and high performing enough to make them useful for everyday people, putting the power of the Open Web in their hands. The NEAR token is a utility which enables the use, operation and governance of the NEAR platform. Learn more at near.org.
“With NEAR on the home stretch of its MainNet rollout, having asset support from Coinbase Custody allows us to rest easy that token holders have one of the best available options for securing their assets as they are distributed.” — Erik Trautman, CEO of NEAR Foundation
Polkadot is a sharded blockchain that connects several chains together in a single network, allowing them to exchange data securely and process transactions in parallel. In this way, Polkadot solves major scalability issues that have impeded blockchain development. Applications from decentralized finance and energy to IoT and gaming will thrive on Polkadot, challenging the centralized platforms of Web 2.0. Visit polkadot.network for more information.
“As we head into the launch of Polkadot, we are aligning with high-quality leaders in the crypto ecosystem to ensure the success of the protocol. Coinbase Custody is an industry leader and we look forward to collaborating with them throughout the phases of Polkadot’s decentralization and DOT token launch,” said Dr. Gavin Wood, President of Web3 Foundation and Founder and former CTO of Ethereum.
This website may contain links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase Custody Trust Company, LLC and its affiliates (collectively, “Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.
Unless otherwise noted, all images provided herein are by Coinbase.
*Coinbase is not providing any investment advice and does not endorse or recommend any digital assets.
Coinbase Custody to support Celo Gold (cGLD), Filecoin (FIL), Keep Network (KEEP), NEAR Protocol… was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Check out the original article here.