Digital asset minding company Kingdom Trust announced today that it has secured insurance coverage through Lloyd’s of London. The insurance is to protect investor assets against theft, destruction, and loss.
Kingdom Trust is a qualified custodian of over 30 cryptocurrencies and holds assets valuing $12 billion USD.
Mainstream Involvement
The announcement today has made investors sit up, as it is seldom that mainstream financial institutions get involved with the volatile and unregulated crypto industry; large banks rarely, if ever, handle cryptocurrency.
Is Llyod’s Ahead of the Game?
The fact that Llyod’s is …
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