IBM has initiated plans to join the leagues of industry giants venturing into crypto custody. According to a recent report, a New York-based investment firm— Shuttle Holdings, is about to launch a beta version of a custody solution for digital assets which it has been developing on IBM’s private cloud and encryption technologies for quite some time. It is, however, important to note that, this solution will not be storing cryptos itself, instead it will provide those wanting to do so with tools needed to do so.
Potential Users of the IBM-Shuttle Platform
Custodians, banks, funds, brokers, family offices and high net worth investors who want to do self-custody, as well as exchanges, has been identified as the potential users of the platform.
According to Brad Chun, Shuttle’s chief investment officer the firm already has a list of clients who will be testing the beta version of the platform.
He stated that:
“We have a list of selected clients that we are launching limited service with this month,” Chun said. The service…