Goldmoney Announces Dealing and Institutional Crypto Custody Partnership with Malbex
21 6월 2018 - 8:38PM
Goldmoney Inc. (TSX:XAU) (“Goldmoney”) (the “Company”), a precious
metal financial service and technology company, today announced a
new dealing and third-party custodian relationship with Malbex
Resources Inc. (TSXV:COIN) (“COIN”), a merchant banking and
financial advisory company focused on investments in cryptocurrency
and blockchain sector assets (soon to be renamed COIN Hodl Inc.).
Through the new partnership, Goldmoney will
facilitate all purchases and sales of cryptocurrencies and
Goldmoney subsidiary BlockVault Inc. (“BlockVault”) will act as a
third-party qualified custodian for COIN’s crypto-asset
holdings.
“Having worked with the Malbex team for over six
months to achieve the proper operational structure and listing
approvals, we are confident in COIN’s potential and this
partnership,” said Josh Crumb, Goldmoney CSO and founder of
BlockVault. “COIN is one of the world’s first crypto-asset merchant
investment businesses to achieve a listing on a major exchange, and
the only one that I’m aware of that will have fully-transparent,
third-party insurance and auditing on their crypto-asset portfolio.
Our relationship with COIN is an exciting first example of the
types of markets we can open up with BlockVault’s institutional
cold-storage technology, allowing institutional investors exposure
to this new asset class while ensuring the private keys for their
underlying assets are securely stored in safe custody and insured.
We still find it incredible that anyone managing ‘other people’s
money’ is willing to put client capital in exchanges, funds,
corporates, or other investment structures where those holding
private keys have little to no financial transparency or
third-party assurance. While it’s still very early, we believe COIN
has the potential to be a go-to investment for those making
allocations to crypto-assets.”
"I am excited to be involved in one of the first
companies listed on a major exchange that will buy and hold
cryptocurrencies along with active and passive investments in other
blockchain-related companies," commented Ben Cubitt, incoming CEO
of COIN. “We recently purchased our first 111 Bitcoin, 1,423
Ethereum, and 431 Bitcoin Cash through the facilities of Goldmoney
and are looking forward to expanding upon these dealing and
custodial relationships.”
About Goldmoney Inc.
Goldmoney Inc., a financial service company traded
on the Toronto Stock Exchange (TSX:XAU), is a global leader in
precious metal investment services and the world's largest precious
metals payment network. Safeguarding nearly $2 billion in assets
for clients located in more than 150 countries, Goldmoney is
focused on a singular mission to make precious metals-backed
savings accessible to all. Powered by Goldmoney's patented
technology, the Goldmoney® Holding is an online account that
enables clients to invest, earn, or spend gold, silver, platinum,
palladium and cryptocurrencies that are securely stored in insured
vaults in seven countries. All bullion assets are fully allocated
and physically redeemable property. Goldmoney Vault Inc is a
reporting entity to the Financial Transactions and Reports Analysis
Centre of Canada (FINTRAC), and is registered with the Financial
Crimes Enforcement Network (FinCEN) in the U.S. For more
information about Goldmoney visit goldmoney.com.
BlockVault Inc. is a wholly owned Goldmoney
subsidiary that powers investable crypto-asset holdings, and a
custodian that provides fully-insured and auditable third-party
storage solutions for financial institutions, investment funds,
family offices, crypto asset dealers, lenders, miners, and
exchanges. For more information about BlockVault, visit
blockvault.ch.
Media and Investor Relations inquiries:
Renee WeiDirector of Global
CommunicationsGoldmoney Inc.renee.wei@goldmoney.com Josh
Crumb Chief Strategy Officer Goldmoney Inc. +1
647-499-6748
Forward-Looking Statements
This news release contains or refers to certain
forward-looking information. Forward-looking information can often
be identified by forward-looking words such as “anticipate”,
“believe”, “expect”, “plan”, “intend”, “estimate”, “may”,
“potential” and “will” or similar words suggesting future outcomes,
or other expectations, beliefs, plans, objectives, assumptions,
intentions or statements about future events or performance. All
information other than information regarding historical fact, which
addresses activities, events or developments that the Goldmoney
Inc. (the “Company”) believes, expects or anticipates will or may
occur in the future, is forward-looking information.
Forward-looking information does not constitute historical fact but
reflects the current expectations of the Company regarding future
results or events based on information that is currently available.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both
general and specific, that contribute to the possibility that the
predictions, forecasts, projections and other forward-looking
information will not occur. Such forward-looking information in
this release speak only as of the date hereof.
Forward-looking information in this release
includes, but is not limited to, statements with respect to:
service times for transactions on the Goldmoney network; growth of
the Company’s business, expected results of operations, and the
market for the Company’s products and services and competitive
conditions. This forward-looking information is based on reasonable
assumptions and estimates of management of the Company at the time
it was made, and involves known and unknown risks, uncertainties
and other factors which may cause the actual results, performance
or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking information. Such factors include, among
others: the Company’s operating history; history of operating
losses; future capital needs and uncertainty of additional
financing; fluctuations in the market price of the Company’s common
shares; the effect of government regulation and compliance on the
Company and the industry; legal and regulatory change and
uncertainty; jurisdictional factors associated with international
operations; foreign restrictions on the Company’s operations;
product development and rapid technological change; dependence on
technical infrastructure; protection of intellectual property; use
and storage of personal information and compliance with privacy
laws; network security risks; risk of system failure or inadequacy;
the Company’s ability to manage rapid growth; competition;
effectiveness of the Company’s risk management and internal
controls; use of the Company’s services for improper or illegal
purposes; uninsured and underinsured losses; theft & risk of
physical harm to personnel; precious metal trading risks; and
volatility of precious metals prices & public interest in
precious metals investment; and those risks set out in the
Company’s most recently filed annual information form, available
on SEDAR. Although the Company has attempted to identify
important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be
as anticipated, estimated or intended. There can be no assurance
that such statements will prove to be accurate as actual results
and future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking information. The Company undertakes no
obligation to update or revise any forward-looking information,
except as required by law.
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