Mr. Josh Crumb reports
GOLDMONEY ANNOUNCES DEALING AND INSTITUTIONAL CRYPTO CUSTODY PARTNERSHIP WITH MALBEX
Goldmoney Inc. and Malbex Resources Inc. (soon to be renamed COIN Hodl Inc.) have formed a dealing and third party custodian partnership.
Through the new partnership, Goldmoney will facilitate all purchases and sales of cryptocurrencies. Goldmoney's subsidiary, BlockVault Inc., will act as a third party qualified custodian for Malbex's holdings of crypto assets.
"Having worked with the Malbex team for over six months to achieve the proper operational structure and listing approvals, we are confident in COIN's potential and this partnership," said Josh Crumb, Goldmoney chief strategy officer and founder of BlockVault. "COIN is one of the world's first crypto asset merchant investment businesses to achieve a listing on a major exchange, and the only one that I'm aware of that will have fully transparent, third party insurance and auditing on their crypto asset portfolio. Our relationship with COIN is an exciting first example of the types of markets we can open up with BlockVault's institutional cold storage technology, allowing institutional investors exposure to this new asset class while ensuring the private keys for their underlying assets are securely stored in safe custody and insured. We still find it incredible that anyone managing other people's money is willing to put client capital in exchanges, funds, corporates or other investment structures where those holding private keys have little to no financial transparency or third party assurance. While it's still very early, we believe COIN has the potential to be a go-to investment for those making allocations to crypto assets."
"I am excited to be involved in one of the first companies listed on a major exchange that will buy and hold cryptocurrencies along with active and passive investments in other blockchain-related companies," commented Ben Cubitt, incoming chief executive officer of COIN. "We recently purchased our first 111 Bitcoin, 1,423 Ethereum and 431 Bitcoin Cash through the facilities of Goldmoney, and are looking forward to expanding upon these dealing and custodial relationships."
About Goldmoney Inc.
Goldmoney, a financial service company traded on the Toronto Stock Exchange, is a global leader in precious metal investment services and the world's largest precious metals payment network. Safeguarding nearly $2-billion in assets for clients located in more than 150 countries, Goldmoney is focused on a singular mission to make precious-metals-backed savings accessible to all.
We seek Safe Harbor.
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