Trustology, a London-based institutional cryptoasset custody firm dedicated to enabling global crypto adoption, announces that it will be partnering with Digital Asset Shared Ledger (DASL) — a platform developed by LAB577 to transform traditional financial instruments into digital assets. This partnership allows Trustology to join the Corda Network, making the company the first cryptoasset custody wallet provider on the network.
Read More: How Coronavirus is Impacting Multifamily Investments and the Transaction Process
The finance-grade, enterprise-ready, regulatory friendly DASL facilitates the globally secure atomic value transfer of digital assets across the Corda Network — a peer-to-peer network of nodes, enabling interoperability across multiple systems, apps, and processes.
Using the open DASL solution on the Corda network, Trustology will be able to support fulfilling its mission to accelerate the crypto economy worldwide.
“LAB577 is delighted to partner with Trustology and bring them onto the Corda network using DASL. As a member of DASL, Trustology will be able to provide an even better service to their customers for key management and safe custody of digital assets,” said LAB577 CEO and former Head of Emerging Technology at RBS, Richard Crook.
Read More: M Financial Group Licenses FAST Software to Enable New Digital Ecosystem for Member Firms
Trustology has developed TrustVault — a fast, user-friendly, and highly secure insured custodial wallet service designed to address the security and ownership shortcomings of existing custody solutions as well as provide on-chain and on-exchange controls for managing and securing assets. TrustVault provides an equal level of speed, flexibility, and access demanded of traditional assets and account services within conventional finance.
Speaking on the collaboration, Trustology CEO Alex Batlin remarked: “We need to do our part in building an ecosystem that is safer, faster and easier for both individual and institutional crypto adoption. Partnering to support infrastructure designs such as the Corda Network and its token issuance is a step in that direction because we remove barriers to purchase and offer a frictionless, secure experience to foster trust.”
Read More: Strider Announces John Mullen, Former Assistant Director of CIA, Joins Company as Advisor
