Trustology is fully registered as a crypto asset company with the UK FCA and focuses on the next chapter of DeFi

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LONDON, Oct. 05, 2021 (GLOBE NEWSWIRE) – Trustology, the leading provider of DeFi institutional crypto-custodian wallets, today announced that it has received its full registration as a crypto asset company with the Financial Conduct Authority from the United Kingdom. They are one of a handful of companies registered with the FCA so far, able to fully conduct their cryptoasset business in the UK market, marking a significant milestone in confidence for the company and its platform. TrustVault custody portfolio form.

“We are delighted with the approval. We have fully supported and cooperated with the FCA during the registration process, and we are delighted to see that our solution meets the highest standards of regulatory compliance to provide real-time services to interact with central funding platforms ( CeFi) and Decentralized Funding Protocols (DeFi), ”says Alex Batlin, Founder and CEO of Trustology.

Since its inception in 2017, Trustology has focused on making it safer, faster and easier for institutions to back up and administer crypto assets on-chain and on the stock exchange in real time. They have been at the forefront of innovation in the DeFi ecosystem for over two years now with solutions focused on security, utility and real-time access. The company offers bespoke and unparalleled services such as DeFi Firewall technology, compliance webhooks, WalletConnect and MetaMask integrations, and is working on additional support for Ethereum Layer 1 and Layer 2 compatible networks such as Avalanche, Polygon , Optimism, etc.

With FCA approval now in hand, Trustology plans to continue its efforts in Institutional DeFi, where total locked-in value has now exceeded $ 80 billion and demand is high. However, DeFi smart contracts and DApps are becoming increasingly complex and prone to malicious attacks, leaving institutions at higher security risk. From proxy contracts to enable scalability, to multi-shipment contracts that allow transaction aggregation, there is a rapid evolution in the features that enable the movement of assets.

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Trustology will help mitigate these security risks by enabling easier compliance and increased control through user-friendly, human-readable information on all outgoing transactions, obtained by custom decoders and transaction simulators, before they occur. are signed and submitted to the blockchain. This will allow customers to see details for:

the method invoked by a smart contract, for example swap, send or mint, as well as the protocols and types of assets involved before approving the transaction; and,

the final destination of their funds to ensure that assets are not routed to suspicious addresses

“It is this level of transaction analysis and granularity for which we see greater demand from institutions that want improved security and better compliance in DeFi,” notes Batlin.

Press contact:

Mia mohamed

Trustology

Mobile application / What’s: +44 75 0010 5815

About trust

London-based Trustology is focused on developing solutions to help institutional, commercial and private clients protect and administer crypto-assets more securely, faster and easier on-chain, on DeFi and on the stock exchange. Founded in 2017 by Alex Batlin and a team of global banking and technology experts, Trustology is backed by ConsenSys, a global blockchain company, and Two Sigma Ventures, a Two Sigma start-up venture capital fund.

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UK crypto custodian wallet provider

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