Goldmoney Inc. (TSX:XAU), one of the biggest precious metals storage firms, has announced the addition of vaulted Ethereum and Bitcoin Cash as secure and fully-reserved offline investable assets within Goldmoney Holding.
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This move allows qualified clients to purchase the supported cryptocurrencies with fiat currencies, or even precious metals, which offers insurable, auditable and anti-money laundering compliant exposure to the virtual asset class.
Goldmoney said in a statement it leverages its own expertise in precious metals custody to deliver a security solution to cryptocurrencies. “Securely stored in cold storage, client cryptocurrency holdings are password protected and shielded from being used in hot wallets or blockchain-based third-party transfers,” it noted.
Originally, Goldmoney has been offering precious metal investment services and payment networks. Established in 2001, the firm is currently holding $2 billion worth of precious metals for customers located in more than 150 countries. But as the hype around cryptocurrencies has grown over the past few months, Goldmoney has rolled out vaulted Bitcoins in September 2017, offering institutional-grade custodial services for blockchain assets.
Goldmoney Holding clients can now buy and sell Bitcoin and Ethereum safely and keep the coins secured in cold storage, with more tokens or currencies to be added in the months ahead. Bitcoin Cash will be added in the coming weeks.
The Toronto-based firm offers its crypto services through a spin-off business called Netagio, which offers a cold storage solution for coins.
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