XBTO Announces Strategic Acquisition of Stablehouse to Enhance Custody Services

XBTO Global (XBTO), a comprehensive platform for digital assets and tailored investment solutions, announced a strategic acquisition of Stablehouse, a digital asset custody and trading platform that "helps institutions mitigate risk with security, bankruptcy protection and regulatory compliance", subject to regulatory approval.

Through the transaction, the XBTO platform will be supported by Stablehouse's custody offering and expand its suite of digital asset services that can be provided to institutional investors.

Stablehouse's custody infrastructure incorporates omnibus custody accounts with integrated trading. Additionally, it offers secure vaults where assets can be continually tracked on the blockchain. The infrastructure is built upon a warm storage solution that protects keys across distributed environments. This system guarantees an end-to-end separation between custody and trading, providing protection against bankruptcy.

Philippe Bekhazi, Founder & CEO of XBTO, said: "XBTO's acquisition of Stablehouse represents a significant moment for both companies, in our joint mission to help drive new technologies and services that are key to institutional adoption of digital assets. In light of the recent turmoil and challenges in the industry, institutions need to trust the underlying security of their digital assets in order to allocate to the asset class with confidence. By acquiring Stablehouse, XBTO is now able to offer a one-stop digital assets platform catered to sophisticated non-US investors and institutions."

Michael Chauliac, President and General Manager of Stablehouse, added: "XBTO's mission through its regulated subsidiaries is to increase institutional access to digital assets, and develop the digital asset economy which is very much aligned with Stablehouse's vision. The decision to join forces really was a simple one. By working together, we can provide an integrated, comprehensive digital assets platform at a crucial time."