Coinbag Launches Institutional-Grade Tools for Businesses Looking to Self-Manage and De-Risk their Digital Asset Investments
Apr 11, 2023
Coinbag, a leading digital asset (i.e., cryptocurrency) solutions provider, has launched its latest product, a suite of institutional-grade tools for businesses looking to self-manage and de-risk their digital assets.
Hong kong - April 11, 2023 —
The suite of tools enables companies to manage their digital assets and distribute counterparty risk associated with digital asset investments by connecting to multiple self-managed wallets and licensed custodians from a single place.
Just as businesses distribute risk by holding their fiat currency in multiple banks and bank accounts, companies holding digital assets should do the same by storing assets in several self-custody wallets and custodial providers. This strategy is critical in helping protect businesses from internal and external counterparty risk, but it can become an operational nightmare to strategize, deploy, and manage.
“In the unfortunate wake of so many trusted exchanges, lending providers, and banks losing customers' funds, companies holding digital assets are now realizing the importance of distributing their risk as much as possible. Unfortunately, more risk management and wallet distribution usually leads to more operational overhead, which is also prone to manual error,” said Jeff Owens, CEO of Coinbag. "From our years of experience in traditional finance and blockchain, we simplified the process and have developed easy-to-use tools that enable businesses to store and manage their digital assets with automatic built-in risk management and security frameworks."
With decades of combined experience in blockchain, security, and traditional finance, the Coinbag team has built a suite of institutional-grade tools enabling companies to self-manage their digital assets effectively. Without ever giving Coinbag access to their funds, Companies can operate on all their wallets directly from the Coinbag platform while also saving time and money with aggregated features such as performance dashboards, transaction reporting and monitoring across all wallets, one-click risk-based rebalancing, and more. Customizable multi-approval for specific actions such as movement of funds, multi-party computation technology, and ISO-27001-certified and audited wallets that are segregated and protected from 3rd party insolvency always protects their assets.
The Coinbag suite of tools is available now for those looking to manage their digital assets more effectively, and has already helped hundreds of businesses, accredited investors and partners self-manage and de-risk their digital assets. To learn more about the suite of tools and features, visit https://www.coinbag.finance or schedule a demo by emailing them at: [email protected].
About Coinbag
Coinbag is a leading provider of institutional-grade digital asset (i.e., cryptocurrency) products, helping hundreds of businesses, accredited investors, and partners simplify the process of self-managing and de-risking their digital assets. The company is committed to providing businesses with secure and user-friendly platforms that save companies time and money while providing peace of mind.
Contact Info:
Name: Jeff Owens
Email: Send Email
Organization: Coinbag Technologies Limited
Address: Hong Kong
Website: https://www.coinbag.finance
Release ID: 89093806
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