Zedra Enters The Digital Assets Market
ZEDRA has also partnered with digital custodians Vo1t, trading and settlement specialists BCB and blockchain specialists Constellation Group to provide all the components needed by clients wishing to trade digital assets.
ZEDRA is forecasting interest both from within its own client base worldwide, as well as from those within its existing introducer networks, meaning regulatory vetting will already have taken place. According to CNBC, Japan leads the way in Bitcoin trades, accounting for around 50% of global activity, but China is potentially an important market too. The vast majority of trades take place as a result of US dollar and Japanese Yen sales.
Business development director John Hunter from ZEDRA comments that "The buyer's fiat cash and the seller's bitcoin will be held to the order of ZEDRA and governed by an innovative tri-partite escrow agreement containing the terms of the transaction. Following proof of funds and verification of the bitcoin and satisfaction of the terms of the arrangement, the transaction concludes. The bitcoin is then transferred to the buyer and this can either be via internet connected hot wallets, or it can be transferred utilising Vo1t's HSM cold storage custody platform."
ZEDRA recently announced that Corsair Capital LLC has taken a majority investment in the company, subject to regulatory approval. The group recently completed the acquisition of Interben Trustees in a move designed to significantly enhance its international pension and employee benefits portfolio.
For further information, please visit www.ZEDRA.com
Tel: +44 (0)20 8333 9125
Guy Stephenson: gstephenson@