THELOGICALINDIAN - Union Coffer of the Philippines Unionbank is reportedly gearing up to action a crypto aegis account which the coffer says is in abounding acquiescence with the axial coffer Bangko Sentral ng Pilipinas BSP The alms is in accord with Hex Trust a arch Asian agenda asset custodian
Philippines’ Unionbank Gets Ready to Offer Crypto Custody Service
Union Bank of the Philippines (Unionbank), one of the better banks in the country, has partnered with Hex Trust to pilot a agenda asset aegis service, the crypto aegis account close appear aftermost week.
Hex Trust provides a proprietary bank-grade crypto aegis belvedere alleged Hex Safe for banks, banking institutions, asset managers, exchanges, and corporations. It supports “over 100 bill and tokens from the top 10 blockchain protocols, in accession to aegis tokens congenital on Ethereum, Tezos, and Corda,” its website details. Among accurate cryptocurrencies are bitcoin, ether, XRP, bitcoin cash, litecoin, binance coin, and tether.
Initially, Hex Trust will accommodate agenda asset aegis to Unionbank’s advisers as a pilot run afore ablution “a absolutely commercialized agenda asset aegis account for the bank’s customers,” the advertisement details, elaborating:
“Unionbank sees the agenda asset amplitude crumbling as added and added barter and institutional investors appearance absorption in agenda assets and the blockchain,” the advertisement adds.
In aboriginal 2019, the coffer fabricated account back it installed a bitcoin ATM at one of its capital branches. The “ATM is amid in the Ark Makati and can alone be accessed during Ark annex hours,” a Unionbank adumbrative told Bitcoin.com News at the time.
Henry Aguda, Unionbank’s arch technology and operations officer, commented aftermost week:
“We are aflame to be the aboriginal Philippine coffer to pilot a aegis account for agenda assets for our own employees, overseen by the BSP, so that we can adapt the background for a safe and adequate arrangement for customers’ agenda assets,” he concluded.
What do you anticipate about Unionbank alms a crypto aegis service? Let us apperceive in the comments area below.
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