Digital Asset Custodian Digivault Adds Support for BNB Chain

Digivault, a digital asset custodian, has added support for BNB Chain enabling clients to now hold assets running on BNB Chain, including BNB, BUSD & BEP20 tokens, in their Digivault accounts.

This follows the announcement earlier this year by Digivault's parent company, EQONEX Limited, that it had entered into a strategic partnership with Binance Connect (Bifinity UAB), a payments technology company that is part of the Binance Group.

The introduction of BNB Chain is the latest in a long line of additions that Digivault has added support for in 2022. Each asset is subject to a thorough due diligence process prior to being approved for custody to ensure that Digivault holds only high-quality digital assets.

Tom Griffiths, Digivault's Chief Compliance Officer, explained: "It is fundamental that all assets go through a thorough Asset Assessment to assure that as a Financial Conduct Authority Anti Money Laundering (FCA AML) registered business, we are doing all that we can to protect the consumer. A robust due diligence process is just one aspect of why clients seek to work with FCA-registered custodians."

Rob Copper, CEO of Digivault, said: "We have been working closely with the Binance Connect / Bifinity team since our strategic partnership was announced and are thrilled to add BNB Chain to our portfolio of assets that we support. I am excited at what the next 12 months will bring and am positive that BNB Chain will play a central role."