Bicameral Ventures has made a strategic investment into digital currency trading platform Balance.
The investment will help accelerate the growth of Balance. Alongside the close of the round, Balance has revealed its plans to become the first institutional grade crypto custodian with integration and support for the Aion blockchain, one of Bicameral’s strategic investments.
Individuals and small businesses using the platform can access a portfolio with fully managed services, military grade strength, and dedicated support.
It works by a user selecting a mix of assets, sign a contract, and then pays an invoice. After this, the individual can choose for managed services, have the asset mix shipped to a physical address or transfer them to existing wallets.
The platform supports cryptos such as Bitcoin, Dash, Litecoin, Ethereum, and Ripple.
Bicameral Ventures CEO Kesem Frank said, “Insured, compliant, secure custody has long been seen as a foundational building block for getting traditional institutions and, especially critically, enterprises comfortable with digital assets.
“Safely holding assets is table stakes for a custody solution. Balance’s focus on not just storing, but operationalizing digital asset holdings for enterprise, investors, and crypto projects via an exceptional front-end experience, makes them unique to this market, and a great strategic fit within our portfolio.”
As part of the deal, Bicameral Ventures can nominate one of its members to join the Balance board of directors.
Copyright © 2019 FinTech Global
