Kingdom Trust reports that it has added to its network both Stellar Lumens (XLM) and Zcash (ZEC) as crypto investments. The firm is a qualified custodian known for storing investments in the form of digital currencies.
Apart from the newly introduced cryptos, seven other digital assets are also accepted by the leading storage firm. The said cryptos are Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Ripple (XRP) as well as Litecoin (LTC). Further reports indicate that the platform still plans to add more assets.
During the first Zcash conference held recently, the crypto firm announced the outcome of its community governance procedures. The whole of last month, Zcash was busy testing the said governance procedures. As a result, the firm elected nine of its members to the board.
Kingdom Trust boasts to be serving around 100,000 clients and they have managed in excess of $12 billion in tokens under their storage. The company holds the view that they are playing a big role in the digital currency storage services since institutional and retail investors are getting into the crypto market.
The storage provider does not advocate for any retail investment advisor nor an investment sponsor. On the same note, Kingdom Trust does not advocate or trade in any of the investment products.
Just like other coins in the market, Stellar has not been trading well lately. However, since it is claimed that IBM intends to create a crypto around Stellar, its interest is slowly rising. Industry players project that in the long run, the crypto could be a worthy investment.
Even though cryptos are mostly used for trading, the qualified custodian company has revealed that people can store their digital currencies in a retirement account. The company’s network was the pioneer in enabling individually directed retirement accounts.