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"Qualified Custodian" in terms of crypto is a very American term, mostly because the US doesn't have a regime to create "Licensed Custodians" for crypto yet. So, if you're an American firm dealing w/ crypto and/or managing American's assets, it is wise to select a Licensed Custodian, not a tech platform that helps you manage keys and uses the word custodian in their marketing. Such Licensed Custodians that meet the SEC's suggested requirements are usually found in Malta, Gibraltar, and soon UAE. Drop @EverestDotOrg a note if you need help with custody.
The SEC defines a qualified custodian "generally is a federal or state-chartered bank or savings association, certain trust companies, a registered broker-dealer, a registered futures commission merchant, or certain foreign financial institutions (“FFI”)." The proposal clearly shows where they are headed in terms of crypto assets. https://t.co/KxxuW4AG1j
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4x guaranteed if you hold 36 months and first of many RWA from Everest $ID.
#RWAs
📣 Viaarpe Limitless & Everest Partner With Over $250M in Collateral to Tokenize $20M in Real World Assets
https://t.co/HRSHbDoD8q
$ID #RWA #RWAs #Tokenization
@Crypto_Coffee I am appalled by both choices and will be voting 3rd party. Encourage others to do the same. Nothing changes if dems and reps believe we are forced into a 2 choice system. Don't settle because the two parties say you have to.
Bummer. I expect ESMA/EU will be sending a notice soon too. As discussed @EverestDotOrg can help, and we believe in DeFi as passionately as you do.
Here's a solution for any DEX: https://t.co/MZxqzuQhNy And the rationale on why and how MiCA 2.0 + TFR will require compliance, reporting, license is here: https://t.co/JR3X8KjVAW and here: https://t.co/VrS0qJ9Srh @ammori
@EverestDotOrg@bobreideverest@creativejace In your shark tank pitch, you mentioned that you have been approached with a buyout for selling the company. If that were to happen, would all ID holders be bought out as part of a sale?
@EverestDotOrg@bobreideverest@creativejace Who will be able to purchase the tokenized RWA assets? Will it only be via Everest exchange? Or will they be available to anyone who has integrated the Everest widget?
@BigCheds Everest $ID
RWA play (among other things)
$250 mill coming in custody from muti-billion dollar mining company
$20 million being tokenized as test run
MFSA/VFA licensed fully MiCA compliant system.
Only $20 mill mcap so huge upside potential
@EverestDotOrg@bobreideverest@creativejace Can you explain more about the $250 mill in custody but $20 mill tokenized? What is the difference between the two? I see people wrongly saying $250 mill is being tokenized all the time.
Can you give us a timeline of when this will happen? Q2,3,4? Next year?
@creativejace@Hesaraghatta1@degenkami If that is your argument are you conceding that $RIO is just a hype coin like $wif? If that is all you are interested in then gamble away on $RIO it may out perform $ID in the short term but it doesn't change the long term facts.