EQIBank on Track to Secure €50bn in Custody Assets by Mid-2019

Oct 18, 2018 | PRESS RELEASE

EQIBank on Track to Secure €50bn in Custody Assets by Mid-2019

GEORGE TOWN, Grand Cayman, October 18, 2018 /PRNewswire/ —

EQIBank demonstrates momentum with accounts for top cryptocurrency exchanges set to open this year

EQIBank, the world’s first licenced and regulated bank for national currencies, crypto and digital assets, has announced that it expects to secure €50bn in custody assets by July 2019 and hold €10bn under deposit by the end of 2019.

Founded by former HSBC, Credit Suisse, Bank of New York and UBS bankers, EQIBank lets customers manage traditional and crypto assets within a single banking relationship for the first time.  It is the first licensed [1] and regulated bank ready to provide secure, consistent and scalable banking to the under-serviced cryptocurrency sector, which currently has a market capitalisation of US$210bn[2]. This is why EQIBank is currently working with four of the top ten largest cryptocurrency exchanges in the world to open accounts in December.

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