Digital Asset Custody Company (“DACC”), a leading custody solution, purpose-built for institutional investors holding digital assets, today announced that it is able to provide custody support for Zcash, a leading cryptocurrency designed to enhance privacy in financial services. DACC is also the first third-party custody solution to support Horizen (formerly ZenCash), a token that allows users to manage their digital footprint and privacy online. DACC offers the ability to securely custody over 90 digital assets and 12 blockchains for a range of institutions including hedge funds, private equity firms, family offices, sovereign wealth funds and token issuers.
“For many investors and users, privacy and security are at the heart of cryptocurrencies and blockchain. With that in mind, we’re proud to offer a trusted, secure custody solution to those who hold Horizen and Zcash,” said Matthew Johnson, Co-Founder and Chief Product Officer at DACC. “The teams behind both cryptocurrencies are pursuing innovative solutions in financial services and technology, driving significant interest from investors and necessitating an institutional-quality custody solution for regulatory or client due diligence purposes.”
DACC was founded specifically to serve the institutional investment market and was built on five core principles: security as a feature; innovation in custody and wallet technology; support for any digital asset or token; regulatory clarity and compliance with all applicable rules and regulations; and institutional-grade, white glove client service. Accordingly, DACC’s custody solution provides wide-ranging blockchain and token support, rapid and secure egress from cold storage, and beyond enterprise-grade cyber and physical security, designed by a senior management team comprised of investment manager executives, highly skilled hedge fund operations personnel and government agency information security officers.
“The cryptocurrency market continues to undergo rapid changes and adjustments to demand, as evidenced by Horizen’s recent rebranding from ZenCash. Our commitment at DACC is to anticipate and meet changing client and market priorities. Offering custody solutions for two leading privacy-focused tokens, especially as the first third-party institutional provider to support Horizen, is in line with that effort. We will continue to expand and refine our offerings,” added Doug Schwenk, Founder and Chairman of DACC.