Investing in cryptocurrencies has always been risky as volatile assets, scams, and poor private key management has led to a difficult learning curve that frustrates the industry. For individuals, high-risk investing is a personal choice that many are willing to take. Yet for corporations and institutions investing large sums of money, being careless or negligent is unacceptable. This leads to a rather large pain-point: blockchain solutions are being built for enterprises and large-scale adoption, but without a sufficient method of storing the assets in the first place.

Fortunately, OceanEx has developed an institutional grade solution to solve this problem. The custodial service will allow qualified clients to securely manage their funds without fear of loss due to negligence, theft, or hacking.

One of the core features of this corporate account service is the hardware solutions provided by VeChain. VeChain’s Hardware Security Module (HSM) was first shown off at the VeChain Summit in mid-April. They have announced that VeChain is one of the first OceanEx custodial service clients, entrusting OceanEx to store and manage a share of their digital assets.

VeChain CTO Gu Jianliang shows off the HSM used in OceanEx’s custodial solution

This year, OceanEx plans to continue onboarding large-scale clients to their custodial service by targeting Layer 2 projects, hedge funds, financial service providers, and corporations. It will bring value to both OceanEx and the VeChain ecosystem by allowing institutional users access to VIP-180 tokens, including OCE, SHA, PLA, DBET, and more. This is just one more piece in the puzzle that VeChain CEO Sunny Lu & OceanEx CEO Nan Ning envisioned years ago.

“Our mission is to make digital assets investment accessible to all kinds of eligible financial institution, projects, blockchain applications and hedge fund over the globe. To achieve this, we are committed to providing digital assets holders and enthusiasts with a secure, transparent and easy-to-use crypto custody service.” 

OceanEx CEO Nan Ning

Buy VET at OceanEx
Buy VET at OceanEx

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