Kingdom Trust, a regulated custody provider, is now providing custody for Hedera Hashgraph‘s HBAR as it has been added to its list of “acceptable digital currency investments.”
Lionel Chocron, Chief Product Officer of Hedera, said Hedera’s mission is to provide the trust layer of the internet, and serve as the enterprise-grade public distributed ledger.
“We are pleased that a leading custody provider like Kingdom Trust has chosen to provide custody services for HBAR, serving a crucial role in how enterprises and other organizations can further secure their coins, which play a key role in the functioning of our network.”
Kingdom Trust is an independent qualified custodian under the Investment Advisers Act of 1940. Kingdom Trust is registered and regulated in the state of South Dakota. Kingdom Trust currently serves over 100,000 clients and has over $12 billion in assets under custody.
Hedera is an enterprise iteration of blockchain that seeks to offer a distributed ledger that can actually handle the demands of a big company as well as future requirements. In the amount of time you can transfer 3 Bitcoins, Hedera can move about 10,000 HBARs.