OceanEx to provide custodial solution for institutions, corporations, projects, and hedge funds

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.