High-security blockchain platform Zilliqa has announced that it has selected Singapore-based crypto custody service Onchain Custodian to secure its network’s assets. Onchain Custodian will be providing support for XSGD, a Singapore dollar-backed stablecoin launched in collaboration with Xfers, the leading fintech payments platform for digital businesses.
Alexandre Kech, CEO at Onchain Custodian, said: “With new financial instruments emerging out of the blockchain space, better infrastructures need to be built with clients’ needs in mind. Beyond demands for greater security, our goal is to also bridge the gap between different project ecosystems, enabling clients to benefit from our token agnostic custody services while serving as a reliable liquidity partner.”
“As the Zilliqa ecosystem continues to grow, so must our repertoire of security and compliance solutions to ensure that partners, investors, and token holders can safely leverage the benefits of our network,” said Amrit Kumar, President and Chief Scientific Officer of Zilliqa.
This latest partnership with Onchain Custodian comes on the back of Zilliqa’s third anniversary which was commemorated with a virtual town hall to celebrate recent technical milestones and ecosystem developments.