KNØX cryptocastodial service will provide full insurance coverage of customer assets

FNC-supported Canadian company KNØX has launched a service for the secure storage of cryptocurrency assets, The Block reports.

KNØX representatives emphasize that custodial service involves full insurance coverage of all client assets provided by the global company Marsh. Services are focused mainly on large players – asset managers, liquidity providers and exchanges.

KNØX previously raised $ 6.2 million from Fidelity Investments Canada, FJ Labs and Ferst Capital. The financing round was led by Initialized Capital and iNovia.

KNØX noted that last summer the first "multi-million dollar deposit" was received in bitcoin. Since that time, the company began to actively develop and expand operations.

Recall that the cryptocurrency unit of the financial holding Fidelity Investments intends to obtain a license that allows providing custodial services to residents of the State of New York.

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