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ING joins the GDF Advisory Council for digital finance advancement

Source: IBS Intelligence
Global Digital Finance (GDF), an association encouraging the adoption of digital assets, announced that banking and DLT services provider ING has joined the GDF Advisory Council and has become the Co-Chair of its Custody Working Group. The new development will see ING aiming to accelerate the growth of an industry-grade ecosystem and advance digital finance.
“In GDF we have found a body that accelerates the adoption of digital assets via the development of conduct standards, digital finance best practices and the promotion of cutting edge technologies like DLT,” said Hervé Francois, Blockchain Initiative Lead on Digital Assets, ING. “As one of the most active banks in blockchain, we are pleased to contribute our extended knowledge on digital assets.”
ING, as the Co-Chair of the Custody Working Group, will be responsible for directing the development of Code of Conduct principles for Custody and Custodians, in partnership with other Co-Chair Onchain Custodian and working group members.
ING joins Archax, Bandman Advisors, Bequant, Coinbase, Consensys, Crypto Compare, Diginex, DLA Piper, 11FS, Elipses, EY, Hogan Lovells, Huobi, Messari, Metaco, R3, Radix, Shapeshift, Solidus Labs, Steptoe & Johnson on the GDF Advisory Council.
“I am excited to be personally involved in GDF as Co-chair of the Custody Working Group. We believe that delivering an industry network to support the safekeeping and transfers of digital assets is key to development of any institution-grade ecosystem,” said Hervé Francois, Blockchain Initiative Lead of Digital Assets, ING.
GDF Exec. Co-chair & Board Member Lawrence Wintermeyer welcomed the new member, “the digital asset ecosystem is rapidly maturing driven by increased consumer and professional adoption. The involvement of ING, one of the world’s largest innovative banks, into the GDF community is indicative of the large opportunity the crypto and digital assets sector represents to traditional financial institutions and new entrants alike. We are delighted to add ING’s innovation and banking expertise to the GDF Advisory Council and Custody Working Group.”
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