tech CoKeeps Becomes Malaysia's First Qualified Digital Asset Custodian CoKeeps is the first and currently only company to receive full approval from Securities Commision Malaysia to offer custodial services for digital assets. Cover image via Smartmockups & Art Rachen / Unsplash Follow us on Instagram, TikTok, and WhatsApp for the latest stories and breaking news.
The SC's approval means there is now a credible third party service that facilitates the safeguarding of digital assets. This is an indication of the SC's recognition of the widespread adoption of digital assets by individuals and institutions, as well as their awareness that compliant solutions are needed to protect the market.
"We are committed to working closely with the SC to ensure that our DAC solution meets the highest regulatory standards, and we are excited to play a leading role in the development of the digital asset ecosystem in Malaysia," she added.Image via CoKeeps Their services are based on their own core proprietary — CoKeeps Wallet, an institutional-grade digital asset management tool based on decentralised security and and multi-party computation methodology.
"CoKeeps' security features are unique as the infrastructure is built against both external and internal threats. "This is where CoKeeps aims to fill the gap, with our security solutions ensuring that every action must be authenticated at each layer, ensuring no single party can act of their own accord," Suhanna said.
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