Coinbase Custody has announced that it is now accepting withdrawals and deposits from Blockchain Capital (BCAP). Blockchain Capital, is one of the first security tokens in existence.

The Coinbase Custody operates very similarly to traditional custodial services. It has been overseen by the same regulators, held to the same capital requirements, and audited in the same way as a traditional financial custodian.

Founded in 2013, BCAP is pioneer and premier venture capital firm focused exclusively on the blockchain technology sector and crypto ecosystem. It is one of the oldest and most active venture investors in the blockchain industry and has financed 75+ companies and projects since its inception. BCAP previously raised money in 2017 and notably the offering sold out in just over 30 minutes. The STO was offered under Reg D 506c and Reg S.

Their portfolio includes top firms like coinbase, harbor, kraken, securitize, templum etc.

Launched in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012.  Coinbase Custody operates as a standalone, independently-capitalized business to Coinbase, Inc. It is a fiduciary under NY State Banking Law.

At a Glance: Back in December 2018, TokenSoft, a leading security token offering platform partnered with Coinbase to provide its clients with an alternative coinbase custody solution.

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