Koine featured in City AM - May 2020

19th May 2020
Feature Image

In light of Koine's recent news, Crypto AM's James Bowater featured us in his round-up of the crypto world.

As featured in Crypto AM on Tuesday 19 May

"Many regular readers of Crypto AM will be familiar with Koine, the City of London based digital asset custodian, founded by my friends of many years (seventeen to be exact) Al Moore and Phil Mochan.  Following the news last week that Koine has partnered with exchange Bitfinex, they announced another milestone yesterday, with Koine securing in-principle approval to provide custody in relation to Virtual Assets in the Abu Dhabi Global Market (ADGM), granted by the Financial Services Regulatory Authority.  There is no question that Koine is flying the flag for institutional investment in digital securities on a global scale. This move is supportive of UAE’s strategy to develop itself as a major global financial hub, bridging Africa and Asia.

"Suitable for traditional capital markets, Koine’s post-trade solution provides secure, easy to use institutional custody, settlement and related cash management service for the new generation of digitised assets. It eliminates counterparty, credit and insolvency risks in a compliant framework with a strong governance environment.  Koine’s security model, which deploys Digital AirlocksTM, replaces the cold storage and hot wallet model that can compromise the security of private keys as a result of still needing to be “eye-balled” by staff.  This comes just days after the announcement that Koine customers who also have an account on Bitfinex will be able to obtain a line of credit on the Bitfinex trading platform using Bitcoin, or other cryptocurrencies held with Koine."

https://www.cityam.com/j-k-rowling-inadvertently-starts-a-crypto-twitter-storm/