Blog home
COMPANY
OCT 27, 2016
Gemini Licensed Custodial Services
It is with great enthusiasm that we present Gemini’s newest offering — Segregated Accounts under the oversight of the New York State Department of Financial Services (NYSDFS). Many customers such as hedge funds, mutual funds, or exchange-traded funds may be required by law to store their digital assets with a regulated custodian like Gemini in separate and dedicated custodial accounts (i.e. unique Bitcoin addresses that are not commingled in a pooled account). As a limited purpose trust company, Gemini is uniquely positioned to legally and securely custody digital assets on behalf of customers with these specific needs. These Segregated Accounts, like Gemini Depository Accounts, leverage our proprietary offline (i.e., air-gapped) Cold Storage system for both bitcoin and ether.
While security has always been a fundamental concern in the cryptocurrency community, recent large-scale thefts and uncertainty regarding exchanges’ legal obligation to customers have further highlighted the necessity of providing a legal and secure means of storing digital assets. Since we first launched, our paramount concern has always been protecting the integrity of our customers’ funds, and this has motivated our uncompromising commitment to financial security and regulatory oversight. We’re excited to continue to expand upon our mission of offering safe and regulated custodial services for digital assets.
For more details on Segregated Accounts, please visit our Custody page or email custody@gemini.com.
Onward and Upward,
Team Gemini
RELATED ARTICLES
DERIVATIVES
DEC 10, 2024
Introducing Three New Perpetual Contracts on Gemini’s Derivatives Platform: SHIB/GUSD, UNI/GUSD, BCH/GUSD
WEEKLY MARKET UPDATE
DEC 05, 2024
Bitcoin Pushes Past $100K, Ripple Surpasses Tether by Market Cap, and Trump Names Pro-Crypto SEC Chair
SECURITY
DEC 04, 2024
Gemini CISO Khaja Ahmed Talks Cyberattacks, AI, and Crypto Security Challenges in CoinDesk’s Cybersecurity Webinar
MORE FROM CAMERON WINKLEVOSS
View all
COMPANY
FEB 18, 2021
Gemini Launches Cryptopedia, A Free Crypto Education Platform
COMPANY
OCT 24, 2018
Gemini dollar (GUSD) Is Now Supported by 25 Exchanges
INDUSTRY
SEP 26, 2018