DACC launches Monero (XMR) institutional-level crypto-custody solution

DACC launches Monero (XMR) institutional-level crypto-custody solution

Digital Asset Custody Company announces the solution for Monero

Secaucus is a leading custody solution created specifically for institutional investors with digital resources. The platform recently announced that it has expanded its custody solutions to include Monero (XMR). XMR was launched in 2014 and is considered one of the most exclusive cryptocurrencies on the market.

According to Co-Founder and Chief Product Officer of DACC Matthew Johnson,

"Given the complexity of Monero's support in a cold storage environment, we are thrilled to be one of the leading suppliers of XMR cases, and Monero is one of the most valuable assets in the industry thanks to its market capitalization and its privacy, and we are proud to be able to keep the token securely for investors, we are especially grateful for the cooperation of the Monero community, which has been useful while we have built our coverage offer. "

Although Monero's privacy mechanisms are a driving force behind its popularity, such mechanisms require an intensive process to create custody solutions. According to the co-founder and president DACC Doug Schwenk,

"Our Enclave wallet technology enables us to support numerous blockchains and has allowed us to build an operational process to complete a Monero transaction in the same time frame as other tokens."

The DACC was founded taking into account five fundamental principles, including innovation in custody and portfolio technology; support for any resource or digital token; security as a feature; regulatory clarity and compliance with all applicable rules and regulations; and client-level client services, while-glove. The DACC The platform offers a range of institutional custody solutions for over 95 cryptocurrencies and 12 blockchains, including traditional hedge funds, cryptocurrencies, family offices, sovereign wealth funds and private equity firms.

In addition to releasing the Monero custody solution, DACC also announced that it has solutions for stablecoins and other private currencies such as Zcash and Horizen.

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