Custodial crypto wallet specialist Trustology, today released a new solution for traders and crypto funds with the launch of its Exchange Credentials Wallet. Funds tend to have a lot of liquidity sitting on exchanges rather than on-chain, off-exchange. This is where an exchange credentials wallet is important.
The solution is now available within Trustology’s TrustVault platform. It provides advanced controls for managing on-exchange assets; to help meet emerging investor and regulatory demands on funds that are expected to secure assets both on-chain, as well as on-exchange.
Exchange Credentials Wallet
Trustology’s Exchange Credentials Wallet provides advanced controls across API and TOTP secret keys to build trust with investors. It assists with evidence compliance, reducing operating risks and conveniently managing asset transfers across exchange and custody accounts.
By safekeeping keys and managing transfer of funds in real-time with the Exchange Credentials Wallet operated by Trustology; investment managers gain 24×7 lightning-fast abilities to enforce audited multisig and address whitelisting controls; thereby demonstrating to investors and regulators mitigation of holding and fiduciary risks.
Trustology removes the need for funds to login to multiple exchanges in order to transfer assets, whilst being liable for safekeeping a multitude of account passwords and secrets. Fund managers are now able to login to the TrustVault web app console and transfer assets between approved exchange, custody or counterparty addresses (known as a “walled garden”).
With Trustology safeguarding withdrawal-permission keys, fund managers are able to trade via trade-permission keys. Read-permission only keys can also be made available to admins and accountants.
“Crypto institutionalization has arrived. Regulators, such as Hong Kong’s Securities and Futures Commission who last year published the Virtual Asset Guidelines, have made it clear that investment managers must safeguard assets on-chains and on-exchanges. Investors going forward will allocate significant assets to managers who can demonstrate not just superior returns; but exceptional execution, risk management, and cost-control.”
– Alex Batlin, Trustology’s Founder and CEO