{"id":29372,"date":"2020-09-29T17:38:24","date_gmt":"2020-09-29T14:38:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29372"},"modified":"2025-08-27T16:33:53","modified_gmt":"2025-08-27T13:33:53","slug":"genesis-part-of-barry-silberts-crypto-empire-launches-custody-service","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/genesis-part-of-barry-silberts-crypto-empire-launches-custody-service\/","title":{"rendered":"Genesis, part of Barry Silbert&#8217;s crypto empire, launches custody service"},"content":{"rendered":"<p>The prime broker Genesis, part of Digital Currency Group, announced the launch of a cryptocurrency custody service aimed at qualified investors.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">Genesis Custody is now live!<a href=\"https:\/\/t.co\/rE1oYXMY2V\">https:\/\/t.co\/rE1oYXMY2V<\/a><\/p>\n<p>\u2014 Michael Moro (@michaelmoro) <a href=\"https:\/\/twitter.com\/michaelmoro\/status\/1310931143592677377?ref_src=twsrc%5Etfw\">September 29, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to Genesis CEO Michael Moro, Genesis Custody provides clients with &#8216;individual insurance solutions&#8217; from Paragon International Insurance Brokers and Woodruff Sawyer.<\/p>\n<p>Initially Genesis Custody supports custody of Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ethereum Classic, MANA, ZCash, Horizen, XRP and XLM. The firm plans to add new assets monthly.<\/p>\n<p>The service launch followed the integration of Vo1t&#8217;s digital asset custody technology into the company&#8217;s business. Genesis acquired the London-based firm in May this year.<\/p>\n<p>Moro outlined the company&#8217;s further plans:<\/p>\n<ul>\n<li>securing Singapore regulator approval as a qualified custodian;<\/li>\n<li>establishing an agency trading platform;<\/li>\n<li>launching an API for institutional lending;<\/li>\n<li>launching a new capital-raising business for hedge funds and asset managers that use the firm&#8217;s platform.<\/li>\n<\/ul>\n<p>Earlier in August, Genesis <a href=\"https:\/\/forklog.com\/en\/news\/genesis-capital-doubles-crypto-loan-portfolio-in-a-quarter\">reported<\/a> that its crypto-loan portfolio in the second quarter had doubled \u2014 to $2.2 billion.<\/p>\n<p>Earlier the company <a href=\"https:\/\/forklog.com\/en\/news\/circle-and-genesis-to-develop-defi-products-built-on-the-usdc-stablecoin\">announced<\/a> a joint development with Circle of DeFi products based on the USDC stablecoin.<\/p>\n<p>Subscribe to the Forklog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Genesis, the prime broker within Digital Currency Group, announced the launch of a cryptocurrency custody service aimed at qualified investors.<\/p>\n","protected":false},"author":1,"featured_media":29373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[184,1237,1156],"class_list":["post-29372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dcg","tag-genesis-global-trading","tag-institutional-investors-and-whales"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=29372"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29372\/revisions"}],"predecessor-version":[{"id":29374,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/29372\/revisions\/29374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/29373"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=29372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=29372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=29372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}