Bringing you live news and features since 2006 


ZEDRA launches Bitcoin purchase and sale service


ZEDRA, the rapidly expanding global specialist in trust, corporate and fund services has launched an end-to-end solution for the purchase and sale of Bitcoin through an escrow agreement.

ZEDRA has secured the services of a globally recognised US investment bank to hold the buyer’s fiat cash within its AAA rated money market funds.
ZEDRA has also partnered with digital custodians Vo1t, trading and settlement specialists BCB and blockchain specialists Constellation Group to provide all the components needed by clients wishing to trade digital assets.
ZEDRA is forecasting interest both from within its own client base worldwide, as well as from those within its existing introducer networks, meaning regulatory vetting will already have taken place. According to CNBC, Japan leads the way in Bitcoin trades, accounting for around 50 per cent of global activity, but China is potentially an important market too. The vast majority of trades take place as a result of US dollar and Japanese Yen sales.
Business development director John Hunter says: “The buyer’s fiat cash and the seller’s bitcoin will be held to the order of ZEDRA and governed by an innovative tri-partite escrow agreement containing the terms of the transaction. Following proof of funds and verification of the bitcoin and satisfaction of the terms of the arrangement, the transaction concludes. The bitcoin is then transferred to the buyer and this can either be via internet connected hot wallets, or it can be transferred utilising Vo1t’s HSM cold storage custody platform.”
ZEDRA recently announced that Corsair Capital LLC has taken a majority investment in the company, subject to regulatory approval. The group recently completed the acquisition of Interben Trustees  in a move designed to significantly enhance its international pension and employee benefits portfolio.

Latest News

As the ETF industry reaches a milestone of USD12.71 trillion in global assets, Brown Brothers Harriman writes that its 2024..
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin closed last week at approximately USD66,300, marking a 7.8 per..
HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by