Zerocap providing Custody Services for Digital Surge

Digital asset investment and advisory specialists Zerocap have been appointed by the Voluntary Administrators of Digital Surge, KordaMentha, to provide custodial and administration services to the Digital Surge business. In particular, Zerocap’s custody platform will assist in securing and safely storing client digital assets.

Zerocap’s appointment is part of a rescue package and proposed restructuring of Digital Surge which will likely be voted on by creditors in the new year.

Digital Surge services 30,000 Australian customers and was offering access 300 cryptocurrencies on its platform.

Zerocap provides market leading institutional grade digital asset custody and storage facilities backed by insurance policies for all its investors, utilising best-in-class technology such as MPC cryptography and hardware isolation.  This encompasses:

·   Segregated, individual client wallets

·   Layered security – sharding of private keys  distributed across multiple online and offline locations

·   Clients retain legal ownership

·   The added protection of a Lloyd’s of London insurance policy against hacks and theft

·   Treasury management and reporting/administration services

Zerocap has consistently promoted the need and importance of security and custody services for digital assets. “Our approach is built on a few core tenets … to provide custodial services that are consistent with the requirements and infrastructure of other asset classes; to make our digital asset custody institutional investment-grade standard with the best possible storage and security; to give clients the ability to directly validate and see that their digital assets are safely stored; and to ensure clients digital assets are fully segregated. ,” said Zerocap CEO Ryan McCall.

“For all investors the safekeeping of private keys and their digital assets are essential to their participation in the digital asset market,” he added. 

Read more in this Sydney Morning Herald article: Aussies stung for millions in crypto crash

About Zerocap 

Zerocap’s mantra is zero friction, borderless finance. Zerocap is Australia’s leading full-service digital asset platform, providing tailored investment products and secure custody to a global client base of wholesale investors, institutions, HNWs and family offices. 

Zerocap creates bespoke solutions for investors to build and diversify their investment portfolio with digital assets, through a range of regulated and direct exposure products across the volatility spectrum to fit with their desired levels of investment and risk.

Zerocap’s people bring a deep understanding of digital asset technology, trading, and portfolio optimisation, having processed twobillion dollars of digital assets for private investors, family offices and institutions. Zerocap has assembled a team of blockchain experts, institutional portfolio managers and advisers, and experienced traders; backed by strong,

Zerocap are not regulated by ASIC. Zerocap Pty Ltd is registered with AUSTRAC as a Digital Currency Exchange (DCE) service provider (DCE100635539-001) and is a Corporate Authorised Representative (CAR: 001289130) under an ASIC regulated licensee (AFSL 340799) to serve financial products and services.

www.zerocap.com