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Crypto Custody Services Now Offered

Intelligent Investing

Crypto Custody Services Now Offered

Following the demise of the world’s second-largest cryptocurrency exchange FTX, we are of the opinion that it’s unlikely that the contagion has not spread to South African cryptocurrency exchanges.

With the aim of reducing cryptocurrency investors’ risk of being on a cryptocurrency exchange, Jaltech being the only off-exchange cryptocurrency custody service provider in South Africa is offering cryptocurrency investors the option of transferring their cryptocurrency into Jaltech’s Off-exchange Cryptocurrency Safety Deposit Box at no cost for the first 6 months. 

The key features of Jaltech’s crypto custody service

Simple and effortless transfer: Jaltech’s custody team will navigate you through and manage the entire process.
 
Transferred off-exchange: All cryptocurrencies under Jaltech’s custody are held off-exchange. This step completely removes an investor’s exposure to the risks of being on a cryptocurrency exchange.

Market leading technology provider: Jaltech has appointed the world’s leading cryptocurrency custody provider Fireblocks. Fireblocks has processed over R50 trillion in cryptocurrencies and provides services to over 1 300 financial institutions globally. 

In-person / virtual authentication: All individual requests to withdraw cryptocurrencies will be authenticated in person or via a virtual meeting. This process mitigates the potential of a fraudulent withdrawal request being submitted.

No single point of failure: The Multi-Party Computation protocols ensure that cryptocurrencies/tokens are not accessible nor transferrable from any single point or by any single person within Jaltech.

Accessible by heirs and financial advisors: Jaltech’s service allows heirs and financial advisors access to their family member‘s or clients’ cryptocurrency as a contingency if/when the need arises. 

To discuss your long-term investment strategy, speak to Silverspoon Wealth

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