Zcash (ZEC) and Stellar Lumens (XLM) added to Kingdom Trust’s list of crypto investments 17796
Chaitanya Thammaya
Jul 6, 2018 at 1:45 PM

Zcash (ZEC) and Stellar Lumens (XLM) have been added to the list of acceptable cryptocurrency investments on Kingdom Trust’s platform. Kingdom Trust is the leading, qualified custodian which holds digital currency investments. With this addition, the crypto custody leader will now have 9 different crypto investments on its platforms. According to Cision PRWeb, the platform plans to add more to the list.

Zcash recently released the results of the community governance process at Zcon0, the first ever Zcash conference. The crypto company conducted the governance process as an experiment throughout June. Around 72 members from the Zcash community were selected to be part of the governance process. Out of this, 64 of them voted on several critical topics including electing nine candidates for the board.

See Also: Zcash technology could make Blockchains scalable: Multicoin Capital’s Kyle Samani

The current bullish trend in the crypto market has ensured a low performance for Stellar. But recent rumours surrounding the Stellar Blockchain and IBM has piqued the interest of investors. Reports suggest that IBM might build a cryptocurrency on the Stellar Blockchain. There’s speculation in the market that Stellar could prove to be a promising investment for investors despite its low performance.

Other than the two new additions, the Kingdom Trust platform has six cryptocurrencies which are accepted as crypto investments. These include Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and Ripple (XRP). Kingdom Trust’s CEO, Matt Jennings, said,

"Kingdom Trust is proud to now hold these two coins on our industry-leading platform."

He further added,

"As a qualified custodian, we take our role as solutions provider very seriously, and we are excited to add many more solutions like this in the near future."

See Also: How will Stellar’s decentralized trading platform (SDEX) affect Stellar Lumens (XLM)?

The custody platform is a front-runner in the digital investing space with over $12 billion assets under custody. The platform has over 1000 clients as well. The South Dakota-based platform doesn’t endorse or support any individual investment advisor or investment sponsor. And neither do they endorse or sell any investment product.

With more individual and institutional investors looking to invest in cryptocurrency, the custody platform fills an important gap in the industry. Clients of Kingdom trust are allowed to store their cryptocurrencies in leading secured digital wallets. These devices ensure that the taxable and non-taxable account holders get the privacy and security that they seek.

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