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Digital Asset Custody Company to provide custody support for Zcash, Horizen

Tony Zerucha

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Digital Asset Custody Company, an institutional investor digital asset custody solution, today announced custody support for Zcash, a cryptocurrency designed to enhance privacy in financial services. DACC is also the first third-party custody solution to support Horizen (formerly ZenCash), a token allowing users to manage their digital footprint and privacy online. DACC offers the ability to securely custody more than 90 digital assets and 12 blockchains for hedge funds, private equity firms, family offices, sovereign wealth funds and token issuers.

“We’re proud to offer a trusted, secure custody solution to those who hold Horizen and Zcash,” said Matthew Johnson, co-founder and chief product officer at DACC. “The teams behind both cryptocurrencies are pursuing innovative solutions in financial services and technology, driving significant interest from investors and necessitating an institutional-quality custody solution for regulatory or client due diligence purposes.”

DACC was founded to serve the institutional investment market and was built on five core principles: security as a feature; innovation in custody and wallet technology; support for any digital asset or token; regulatory clarity and compliance with all applicable rules and regulations; and institutional-grade, white glove client service. Accordingly, DACC’s custody solution provides wide-ranging blockchain and token support, rapid and secure egress from cold storage, and beyond enterprise-grade cyber and physical security, designed by a senior management team comprised of investment manager executives, highly skilled hedge fund operations personnel and government agency information security officers.

“The cryptocurrency market continues to undergo rapid changes and adjustments to demand, as evidenced by Horizen’s recent rebranding from ZenCash,” DACC founder and chairman Doug Schwenk said. “Our commitment at DACC is to anticipate and meet changing client and market priorities. Offering custody solutions for two leading privacy-focused tokens, especially as the first third-party institutional provider to support Horizen, is in line with that effort.”

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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