Powered by MOMENTUM MEDIA
investor daily logo

Zerocap completes POC on ASX platform

  •  
  •  
3 minute read

A successful proof of concept has been conducted. 

Zerocap has announced that it has completed a proof of concept on the ASX's distributed ledger technology (DLT) as a service platform, Synfini, for the custody and administration of digital assets. 

The digital assets investment and advisory specialist said by integrating digital asset custody, the solution can support custody for any tokenised asset such as crypto, bonds and shares. 

"Our goal is to provide institutional investment grade services and back-office administration at least to the level of any traditional and existing financial services instruments. This includes relevant and appropriate regulatory compliance and oversight by appropriate agencies," Zerocap CEO Ryan McCall said.

==
==

“We get that many investors remain wary of the digital assets space… a guiding Zerocap mantra is to break down the barriers to investing in digital assets. 

“Working on this project to provide an institutional grade digital asset custody offering on the ASX DLT as a service is an exciting initiative."

Zerocap has also confirmed that it will undertake further development in the coming months with the ultimate goal being to fully integrate digital assets into the ASX's DLT as a service ecosystem. 

Paul Stonham, general manager of DLT Solutions at the ASX welcomed the news this week. 

“Synfini provides a secure, open-source environment in which developers and others can bring new use cases for digital assets into reality," Mr Stonham said.

"Zerocap’s custody service POC is an excellent example of the ever expanding ecosystem we are looking to develop.”

Zerocap completes POC on ASX platform

A successful proof of concept has been conducted. 

investordaily image
investordaily image
ID logo
Neil Griffiths

Neil Griffiths

Neil is the Deputy Editor of the wealth titles, including ifa and InvestorDaily. 

Neil is also the host of the ifa show podcast.

Comments powered by CComment