According to several people close to the file, ING launched an initiative to develop a technology for retention for the digital assets.
According to sources, the safe project is still in its infancy and one of the Dutch bank’s many initiatives in blockchain, reports Reuters.
“ING sees increasing opportunities with regard to digital assets with security tokens and those backed by native assets. ING is particularly focused on developing the technology behind digital assets to give its customers a consistent way to access the emerging sector, “the bank said in a statement.
The announcement comes as more and more major corporations and established institutions start marketing conservation solutions for crypto-currencies like Bitcoin.
These last months, Fidelity, VersaBank, Vontobel, Arab Bank Switzerland, KB Kookmin Bank or Intercontinental Exchange (ICE) through its subsidiary Bakkt have started offering this type of service to their clients.
Although things are starting to change, the lack of crypto-conservation solution on the market has been a real obstacle the adoption of this new asset class by zinzins.
This autumn, ING announced to have solved a problem of compromise between confidentiality and security on the blockchain network Corda thanks to a digital notary application.