Zilliqa Partners With Onchain Custodian to Increase Assets Security
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Zilliqa Partners With Onchain Custodian to Increase Assets Security

August 7, 2020      Vandana Malik

Zilliqa, a highly secure blockchain platform has recently partnered with Onchain Custodian which is a crypto custody firm based in Singapore. The main purpose of this partnership is to simply increase the security of its own assets. The assets of the firm include ZRC-2 tokens, ZIL, and XSGD. 

Zilliqa aims to provide secure crypto custody

For quite some time, it has been seen that the demand for secure crypto custody solutions is increasing. This might be due to the large number of cybercrimes that are happening. Recently, a huge interest has been seen among institutional investors to buy cryptocurrency. However, they tend to stay away because of the complete managing and securing process of coins.

To attract institutional investors, the firms are trying up with different custodians to provide crypto to them. Now with this partnership between Zilliqa and Onchain, the tokens of the firm will remain highly secure. Both the firms are aiming towards accelerating the growth of digital asset transactions and a complete stablecoin ecosystem in Singapore. To make this possible, Onchain has also collaborated with Xfers, a fintech payment platform. Both Xfers and Onchain will be working together to secure Ziliqa’s tokens as said by Aymeric Salley, head of StraitsX, Xfers.

Onchain aims to meet clients needs

Alexandre Kech, CEO at Onchain has said that through this partnership with Zilliqa, the firm aims to meet the needs of its clients. In order to make the assets completely secure, there is a high need for better solutions and infrastructure. 

The company is also aiming towards bridging a gap between different ecosystems along with providing high security to the assets. Amrit Kumar, President, and Chief Scientific Officer at Zilliqa have said that this partnership is going to make his firm highly secure along with building great trust. 

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Vandana Malik
Vandana Malik

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.