According to a recent report popular crypto hardware wallet manufacturer, Ledger, has entered into a partnership with a Hong Kong-licensed trust and custody company— Legacy Trust in order to start providing “institutional-grade” cryptocurrency custody.
Ledger and Legacy Trust Set to Increase Flow of Institutional Money into the Crypto Market
According to the two companies, this partnership is aimed at developing a solution to help increase the transition of institutional money into a digital asset.
As a result of this partnership, Legacy Trust will be making use of Ledger’s multi-signature cryptocurrency wallet management product—Ledger Vault, to adequately secure custody clients’ digital assets. The firms will also be offering custody of ethereum-based ERC-20 tokens along with bitcoin core (BTC)
Regarding the partnership and the aims and objective of their collaboration, Legacy Trust group CEO and founder Vincent Chok stated that:
“There is huge interest in ERC-20 custody services and it’s only growing bigger….