Digivault now supports BNB Chain

The introduction of BNB Chain is the latest in a long line of additions that Digivault has added support for in 2022. Each asset is subject to a thorough due diligence process prior to being approved for custody to ensure that Digivault holds only high-quality digital assets.

Tom Griffiths, Digivault's Chief Compliance Officer, explains: "It is fundamental that all assets go through a thorough Asset Assessment to assure that as a Financial Conduct Authority Anti Money Laundering (FCA AML) registered business, we are doing all that we can to protect the consumer. A robust due diligence process is just one aspect of why clients seek to work with FCA-registered custodians."

BNB Chain has seen immense traction since launch, in part due to its low gas fees which is in stark contrast to the Ethereum network's sky rocketing gas prices, and in part due to BNB Chain's reduced network congestion, another issue with the Ethereum network during peak periods.

Rob Copper, CEO of Digivault, says: "We have been working closely with the Binance Connect / Bifinity team since our strategic partnership was announced and are thrilled to add BNB Chain to our portfolio of assets that we support. I am excited at what the next 12 months will bring and am positive that BNB Chain will play a central role."

About Digivault

Digivault provides digital asset custody that integrates physical and virtual security, giving institutions tangible solutions in a rapidly evolving world. We deliver a powerful custodian that combines multiple layers of protection, eliminating the need for trust in a single person or group of people. As part of a Nasdaq-listed company, we are accountable to the SEC, meaning increased regulation. However, we eliminate the need for trust through our processes and technology, providing our clients with peace of mind.  

Digivault is part of the EQONEX Group. EQONEX Limited (NASDAQ: EQOS) is a technology driven digital assets financial services group that provides institutional grade infrastructure, custody and asset management solutions to clients. The Group's digital assets ecosystem has been designed to accommodate the needs of institutions and individuals with the same degree of regulatory oversight and security they are accustomed to in traditional financial markets. primarily encompasses Digivault, and Asset Management.

For more information visit: www.digivault.com. Follow Digivault on social media on Twitter @DigivaultGlobal, and on LinkedIn.

Forward-Looking Information

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