Kentucky cryptocurrency storage firm Kingdom Trust has obtained insurance through a Lloyd's of London syndicate to protect against theft and destruction of assets. The US-based firm controls $12bn in crypto assets on behalf of investment advisers, securities brokers and retirement plans. Digital currency investment trusts are looking to win over mainstream investors sceptical about the assets' safeguards in a volatile and loosely regulated market.
US cryptocurrency storage firm Kingdom Trust has obtained insurance through a Lloyd's of London syndicate to protect against theft and destruction of assets. The Kentucky-based firm controls $12bn in crypto assets on behalf of investment advisers, securities brokers and retirement plans. Digital currency investment trusts are looking to win over mainstream investors sceptical about the assets' safeguards in a volatile and loosely regulated market.