Kingdom Trust – a firm offering digital currency custodial services based in the United States – is now insured by Lloyd’s of London. Kingdom Trust is a storage infrastructure with assets worth more than $12 billion, and the firm holds more than thirty digital currencies, including Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH).
Kingdom Trust Retains Lloyd’s of London
Kingdom Trust has now retained one of the premier insurance firms in the world. The collaboration is aimed at bringing a new level of safety and trust to potential investors looking to go into the digital currency market.
Matt Jennings Statement
According to a statement by Matt Jennings, the CEO of Kingdom Trust, “Qualified crypto custody by an insured, regulated financial institution is a critical hurdle and top priority for institutions to invest in the crypto market.” He added that “By adding another trusted expert such as Lloyd’s of London to their platform, they are guaranteeing that present and future customers will have access to a complete, highly secure safekeeping solution designed to meet institutional finance challenges.”
About Lloyd’s of London
Since 1686, the insurance firm has been pushing the limits on insurable assets. From the vocal cords of several singers to the taste buds of food critics to comedy theatre groups against the risk of audiences dying of laughter, and the firm has explored interesting and new opportunities.
Kingdom Trust reaches more than one hundred thousand customers invested in Litecoin (LTC), Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), XRP, Stellar Lumens, Zcash (ZEC), Bitcoin Gold, and twenty-one other digital currencies. The firm has also revealed its intent to support more digital currencies in the future.
Litecoin (LTC) Price Today – LTC / USD
At the moment, Litecoin (LTC) is trading at $55 after losing more than 18 percent of its value over the past twenty-four hours. The current market cap of the digital currency is $3.21 billion and its trading volume over the past twenty-four hours is $425.71 million.