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What's New In Investments, Funds? – Standard Custody & Trust

Editorial Staff

31 August 2023

Standard Custody & Trust Company
Standard Custody & Trust Company, a New York-regulated limited purpose trust company and qualified custodian, has announced it is working with a digital assets firm, GSR, to support its escrow services.



Standard Custody has created an escrow solution that clients use through its collaboration with GSR and other trading firms. The solution reduces counterparty risk by separating collateral from trading partners and placing it in escrow with a bankruptcy-remote, regulated qualified custodian while also enabling instant and secure settlement of digital assets, Standard Custody said. 

“This type of innovation secures the existing marketplace while encouraging further institutional adoption in the space,” Rich Rosenblum, co-founder and president, GSR, said.