We are beyond thrilled to announce that we have been granted VASP (Virtual Asset Service Provider) status by the Jersey Financial Services Commission, making us one of only a handful of businesses who have achieved this
This license will allow us to launch our full bank backed model for
#institutionalcrypto trading, with our main USPs including:
1. Elimination of counterparty and custody risks through separation of trade execution and custody of assets
2. Trading facilitated by Tier 1 AA- rated European investment bank
3. Use of existing bank credit lines for trading
#crypto
4. Use of government bonds as collateral for trading crypto
This is absolutely massive news for us and will mark the beginning of the next stage of growth for DeFinity
As always, watch this space 👀
#cryptotrading
#Bullrun2024
$IBIT
prnewswire.com/news-releases…