Spanish security firm launches cryptocurrency custody service

Spain-based international private security firm Prosegur has launched a service for institutional clients to manage and custody cryptocurrencies.

We present Prosegur #Crypto, a pioneering digital asset custody solution for institutional clients.

This service allows storing cryptocurrencies or any other digital asset and managing it via a mobile app. https://t.co/PVxQREyRme pic.twitter.com/k7yIZmZGck

— Prosegur (@Prosegur) November 18, 2020

Prosegur Crypto’s solution is aimed at government agencies, financial institutions, investment funds and trading platforms. They will be able to access their funds via a mobile app.

In the press release, it states that users’ private keys will be stored in Prosegur’s local infrastructure with a high level of protection. The system will enable managing digital assets, including sending transactions to the blockchain, without direct internet connectivity.

Prosegur is a leading security firm in Spain. It operates with branches in Latin America, Germany and Portugal.

Back in 2018, the London-headquartered transnational private security company G4S launched a service for autonomous storage of Bitcoin and other digital assets.

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