Investec, a South African banking specialist and asset management group, is set to offer cryptocurrency custodial services.
The just ended Blockchain Africa Conference 2020 featured Investec as a headline sponsor. During their keynote address, the group announced new blockchain-related features expected to be rolled out soon.
Then follow us on Google News!
Chris Becker, Blockchain Lead at Investec Private Bank, took to the stage to make the announcement. He said:
Our blockchain team have been extremely busy over the last 3 years building the right products that one would expect from an innovative bank like ours, but products that would be most utilised and make the most sense. We believe offering custodial services of digital assets for our clients is indeed what makes the most sense.
Aside from that, Becker also mentioned that Investec is working with exchanges in South Africa to find the most user-friendly directions to thread.
Offering digital asset custodial services is expected to push the Investec brand to younger people who are interested in new asset classes and investment options.
The expected launch date was not mentioned during the keynote. However, BlockNewsAfrica will follow developments closely and share it with our readers.
Other updates from Blockchain Africa Conference 2020
The post Investec To Bring Bitcoin Custodial Services To SA Investors appeared first on BlockNewsAfrica.
TheBitcoinNews.com – Bitcoin News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. TheBitcoinNews.com holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest.
Everything on this website can be seen as Advertisment and most comes from Press Releases, TheBitcoinNews.com is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites.
Advertise with us : Advertise
TheBitcoinNews.com is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some BAT
Send Tip now!