<p>Bengaluru: Mumbai-based crypto trading platform CoinDCX, unveiled Bharat Custody -a third-party custodial service, akin to a depository - on Tuesday at its flagship event Unfold 2024. The service is slated to be launched in phases from 2025.</p>.<p>The virtual digital asset protection solution will target crypto players for parking digital securities such as shares and bonds. </p>.CoinDCX buys BitOasis, amidst plans of Middle-East expansion.<p>Speaking on the occasion Sumit Gupta, Co-Founder of CoinDCX said, “With over 3 crore investors already engaged in India’s crypto ecosystem—a number that continues to grow—there is a clear and urgent demand for a solution. Currently, no localised custody solution exists in the Indian market, creating a critical gap that the industry must address collaboratively.”</p>.<p>“We have identified multiple physical spots geographically distributed in India where operations will happen. We've gotten validated from some of the investors who hold custody probably 10 times bigger than us to review the architecture,” he added. </p>
<p>Bengaluru: Mumbai-based crypto trading platform CoinDCX, unveiled Bharat Custody -a third-party custodial service, akin to a depository - on Tuesday at its flagship event Unfold 2024. The service is slated to be launched in phases from 2025.</p>.<p>The virtual digital asset protection solution will target crypto players for parking digital securities such as shares and bonds. </p>.CoinDCX buys BitOasis, amidst plans of Middle-East expansion.<p>Speaking on the occasion Sumit Gupta, Co-Founder of CoinDCX said, “With over 3 crore investors already engaged in India’s crypto ecosystem—a number that continues to grow—there is a clear and urgent demand for a solution. Currently, no localised custody solution exists in the Indian market, creating a critical gap that the industry must address collaboratively.”</p>.<p>“We have identified multiple physical spots geographically distributed in India where operations will happen. We've gotten validated from some of the investors who hold custody probably 10 times bigger than us to review the architecture,” he added. </p>