Digital Asset Custody Company (DACC) a custody solution for institutional investors holding digital assets, today announced that it is now able to provide custody support for privacy coin Zcash. DACC is also the first third-party custody solution to support Horizen (formerly ZenCash), a token that allows users to manage their digital footprint and privacy online.
DACC offers the ability to securely custody over 90 digital assets and 12 blockchains for a range of institutions including hedge funds, private equity firms, family offices, sovereign wealth funds, and token issuers.
[perfectpullquote align=”full” bordertop=”false” cite=”Matthew Johnson, Co-Founder and Chief Product Officer at DACC” link=”” color=”” class=”” size=””]”For many investors and users, privacy and security are at the heart of cryptocurrencies and blockchain. With that in mind, we’re proud to offer a trusted, secure custody solution to those who hold Horizen and Zcash. The teams behind both cryptocurrencies are pursuing innovative solutions in financial services and technology, driving significant interest from investors and necessitating an institutional-quality custody solution for regulatory or client due diligence purposes.”[/perfectpullquote]
[perfectpullquote align=”full” bordertop=”false” cite=”Doug Schwenk, Founder and Chairman of DACC.” link=”” color=”” class=”” size=””]”The cryptocurrency market continues to undergo rapid changes and adjustments to demand, as evidenced by Horizen’s recent rebranding from ZenCash. Our commitment at DACC is to anticipate and meet changing client and market priorities. Offering custody solutions for two leading privacy-focused tokens, especially as the first third-party institutional provider to support Horizen, is in line with that effort. We will continue to expand and refine our offerings.”[/perfectpullquote]