Hedera Hashgraph chooses first Asia-based asset custody provider

Hedera Hashgraph, an enterprise-grade distributed ledger platform, has partnered with digital asset custody provider, Onchain Custodian, to enhance the security of the project’s native digital currency, HBAR. Holders of HBAR will have the option to secure their HBAR tokens with Onchain’s SAFE™ digital asset custody platform, which is insured through Lockton and fully compliant with Singapore’s regulatory regime with regards to digital payment tokens and e-money.

“Now we are seeing more sophisticated investors citing the need to secure their digital asset investments with an independent third-party custody solution,” said Alexandre Kech, CEO of Onchain. A recent report by PwC, Swiss blockchain investment firm CV VC, and crypto news publication, Cointelegraph, recognised Onchain as the only Singapore-based digital asset custodian offering services to funds, family offices and high-net-worth-individuals looking to diversify into alternative investments such as cryptocurrencies, stablecoins and gold-backed tokens.

Timeline of Hedera-hashgraph