Custody solution helps provide long-term security for HBAR holders
Dallas, TX and Sioux Falls, SD — April 28th, 2020 — Hedera Hashgraph, the enterprise-grade distributed public ledger, and Kingdom Trust, a leading qualified custodian holding cryptocurrency investments, today announced that Kingdom Trust has added Hedera’s hbars (HBAR) to its list of acceptable digital currency investments.
Kingdom Trust will provide the Hedera ecosystem with end-to-end capabilities to secure digital currencies. HBAR holders reduce their risk of holding assets directly while achieving regulatory compliance, transparency, and accountability.
Lionel Chocron, Chief Product Officer of Hedera, said, “Hedera’s mission is to provide the trust layer of the internet and serve as the enterprise-grade public distributed ledger. We are pleased that a leading custody provider like Kingdom Trust has chosen to provide custody services for hbars, serving a crucial role in how enterprises and other organizations can further secure their coins, which play a key role in the functioning of our network.”
For more information on the integration, visit www.hedera.com/wallets.
About Kingdom Trust
Kingdom Trust is an independent qualified custodian under the Investment Advisers Act of 1940, as amended, and 26 USC 408. Kingdom Trust is registered and regulated in the state of South Dakota and does not provide, promote, endorse or sell investment products and does not endorse or promote any individual investment advisor or investment sponsor.
Hedera is a decentralized public network where anyone can carve out a piece of cyberspace to transact, play, and socialize in a secure, trusted environment. Developers can build secure, fair, blazing-fast decentralized applications on top of the Hedera platform. Co-founders Dr. Leemon Baird and Mance Harmon invented and developed the groundbreaking hashgraph technology after working at the United States Air Force Academy and as founders of Trio Security, BlueWave Security, and Swirlds, Inc.
For more information, visit www.hedera.com, or follow us on Twitter at @hashgraph, Telegram at t.me/hederahashgraph, or Discord at www.hedera.com/discord. The Hedera whitepaper can be found at www.hedera.com/whitepaper.
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