Sunday February 28, 2021
Bitcoin (BTC) $44,851.00   Ether (ETH) $1,361.42
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Regulation

Digital asset custodian Koine secures FCA EMI authorization

Koine selected the UK as its jurisdiction of preference to start its regulatory journey.

Published by CryptoNinjas.net
10/31/2019
Koine CryptoNinjas

Koine, a provider of segregated, institutional custody and settlement of digital assets founded in 2017, announced today it was granted authorization for the issuance of electronic money (EMI Licence) by the Financial Conduct Authority (FCA).

The EMI authorization allows for Koine to provide real-time e-Money payment services to the growing institutional client universe. Koine is also in the process of applying for a number of authorizations in other major financial services locations.

While it is linked to, and facilitates the custody and settlement model described below, these services are currently outside the UK regulatory perimeter and the e-Money authorization should not be read as authorization of Koine’s transformative custody and settlement model for digital assets.

This model eliminates settlement and counterparty risks by enforcing Delivery versus payment (DVP), while ensuring clients at all times retain beneficial ownership of their assets throughout the trade lifecycle.

Inspired by the best practices of world-famous traditional custodians, Koine has overcome the challenge of safekeeping and settlement of bearer instruments.

With more than 40 institutions, funds and family offices onboarded, Koine represents the culmination of two years’ governance, legal and technical programs to create an infrastructure suitable for institutional capital. It has engineered a unique solution that sets itself apart from the current hot wallet/cold store model with manual transfers, providing heightened security of assets, with instant settlements and withdrawals.

Leading the Koine team as CEO and Chairman is Hugh L. Hughes, ex-CEO of Société Générale Securities and co-founder of Fixnetix.

Koine CEO Hugh L. Hughes

“Market reaction to Koine’s ultra-secure scalable institutional class solution for custody and settlement, has been immensely favorable, and with our EMI authorization now issued by the FCA, we are rapidly moving to implement the market infrastructure necessary to support institutional participation in the digital assets marketplace. The FCA’s recognition of the controls and processes that we have put in place for our EMI authorization, notwithstanding their concerns regarding the digital markets, shows that London can continue to attract financial institutions in the digital markets, alongside traditional capital markets, as long as those institutions can show that they have appropriate governance to address the regulator’s requirements.”
– Koine CEO and Chairman is Hugh L. Hughes

8
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Via: Koine

Related News

Bitfinex launches institutional custody solution in collaboration with Koine
Crypto Exchanges

Bitfinex launches institutional custody solution in collaboration with Koine

05/13/2020
US Capital Global Securities to advise crypto custodian Koine on $50M equity raise
Capital Raising

US Capital Global Securities to advise crypto custodian Koine on $50M raise

01/09/2020
Koine CryptoNinjas
Executives and Advisers

Digital asset custodian Koine appoints former SDX CEO to Chair advisory board

11/26/2019
Koine acquires hireabl to automate on-boarding for custody of digital assets
M&A

Koine acquires hireabl to automate on-boarding for custody of digital assets

05/20/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Glow programming language brings smart contract simplicity to Cardano

Glow programming language brings smart contract simplicity to Cardano

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
ZelaaPayAE deploys Pundi X's merchant crypto payment solutions for UAE

ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE

02/24/2021
Anchorage raises $80M Series C, led by GIC, Singapore's sovereign wealth fund

Anchorage raises $80M Series C, led by GIC, Singapore’s sovereign wealth fund

02/25/2021
Tendermint invests in Tgrade to bolster Cosmos' growing DeFi ecosystem

Tendermint invests in Tgrade to bolster Cosmos’ growing DeFi ecosystem

02/24/2021
Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

Crypto platform NetCents to offer users access to DeFi protocols thru Vesto

02/27/2021
SmartKey to integrate with GeoDB to build the blockchain-based data ecosystem

SmartKey to integrate with GeoDB to develop blockchain-based data ecosystem

02/26/2021
This was avoidable – The lost Bitcoin fortunes

This was avoidable – The lost Bitcoin fortunes

02/26/2021
Bitcoin exchange Xcoins receives In-Principle Approval for Malta's VFA license

Bitcoin exchange Xcoins receives In-Principle Approval for Malta’s VFA license

02/26/2021
Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

Token-based commodities DEX Mettalex launches on Binance Smart Chain and Ethereum

02/26/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version