Pascal Gauthier CEO of Ledger – Credit: Ledger
Ledger and Etanaa regulated player in the custody of digital assets, sign a partnership to provide child care services secure and compliant with institutional clients at United States.
Ledger, the French Web3 unicorn, markets physical wallets for the general public. However, the company is not only looking to democratize the uses of cryptocurrency to the greatest number.
It also aims to develop its presence among a more lucrative target: institutional customers. And in this context, Ledger has just concluded a partnership in the United States with a regulated custody player, Etana.
Etana powered by Ledger Enterprise
Etana Custody thus becomes the French company’s crypto asset custody partner in the United States for institutional clients. These “can now use Etana powered by Ledger Enterprise”.
“In addition, Etana Custody clients can use the Ledger Enterprise platform as a sub-custodian for their digital assets,” the press release further states.
To this customer base, the two partners offer asset segmentation in particular. The offer Ledger Enterprise combined with Etana aims to ensure segregation of funds and eliminate counterparty risk. The announced ambition: to respond to a growing institutional interest in digital assets.
So is the demand for regulated custodians that can meet the compliance and security needs of firms,” notes Brandon Russell, CEO and founder of Etana Custody.
Diversifying custody for institutions
The agreement calls for Etana’s use of Ledger terminals, whose selling point is security and extensive token support. The unicorn claims compatibility with more than 1,800 tokens, including of course Bitcoin and Ethereum.
The offering allows institutional customers to diversify custody of digital assets based on business or compliance needs,” Ledger and Etana highlight.
For the French nugget, the partnership should provide additional growth leverage in the American market. The tightening of regulation, however, requires safeguards.
We chose Etana Custody as our U.S. custodial partner because of its status as a regulated global custodian,” justifies Pascal Gauthier, Ledger’s president and CEO.
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