- Lo Furneaux
Asset Reality Announces Strategic Partnership With Solidi
Asset Reality is pleased to announce that we’re expanding our network of FCA registered digital custodians through our new strategic partnership with Solidi, a leading crypto asset exchange and custody provider based in the UK.
Solidi’s platform uses a secure cold storage system and multiple layers of security to fully safeguard any of the digital assets under their protection. Their cold storage vault has been operating flawlessly for over 7 years without incident, during which they’ve guarded hundreds of millions of crypto assets.
This collaboration, and those with our other strategic digital custodians like Digivault, will help law enforcement and asset recovery practitioners to properly recover, store and manage stolen virtual assets like cryptocurrency, NFTs or other virtual investments.
Our bespoke platform is the world’s first end-to-end solution that covers the whole life cycle of seized assets. Handling the entire process in one place saves investigators time, reduces risk and dramatically increases the revenue from the sales of seized assets, allowing more money to be shared back to the local communities that these sales support.
Our Co-Founder & CEO, Aidan Larkin, is delighted with the new expansion:
“One of the biggest challenges in crypto asset recovery is finding compliant and trusted solutions for the extensive breadth of different types of digital assets that public and private sector organisations are now seizing and need insured custody solutions. Our role is to identify these strategic partners to enable an end to end solution in crypto asset recovery and we’re proud to be adding Solidi to our stable of insured custodians for our clients around the world.”
When asked about the new partnership, Solidi CEO, Jamie McNaught commented:
“Through exchanges such as Solidi, the Crypto asset space has become increasingly easy to enter during the last 5 years. However, by lowering the barrier to entry we have witnessed an explosion in crypto being used in scams and money laundering. Blockchain analysis and an increasingly technically astute police force has resulted in a surge in asset recoveries, necessitating a secure storage solution to protect seized assets during the legal process."
"Our partnership with Asset Reality provides a single ‘one-stop-shop’ for the management, storage and eventual liquidation of seized assets, lowering costs & complexity to achieve a better result for the victims of crime.”
Paul Munson, Solidi’s Head of Compliance & MLRO added:
“We are excited to be partnering with Asset Reality to support the seizure and forfeiture of criminal virtual assets for the greater good of society. Solidi is a company built with a focus on being customer driven and delivering a safe and secure platform to invest in cryptocurrency.”
If you would like to know more about our work in crypto-related frauds and asset recovery, contact email@example.com
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