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News

Oct 12, 2020

Delchain adds Algorand to its portfolio of digital assets

By: Delchain Limited

NASSAU, BAHAMAS (PRWEB) OCTOBER 12, 2020 -- Delchain Limited (Delchain), a digital asset financial services provider, announced today that it will support the growing community of users of leading blockchain Algorand.

Delchain will be adding the ALGO, USDT (Tether) on Algorand and Algorand Standard Assets (ASAs) to its portfolio of digital assets for custody, trading and staking (ALGO only).

Delchain recently introduced staking to its services, giving their clients an opportunity to generate passive income while their assets remain in secure and insured cold storage.

With this, Delchain now offers the ability to buy, trade, stake, and custody digital assets, under one roof, for seamless management of private keys and wallets. This is coupled with:

  • A solid security architecture: each node runs on its own dedicated virtual machine
  • Insurance: custodial assets are insured with Delchain

“As we continue to grow and develop our client offering, it is essential for us to provide our clients this staking service. Our clients can generate returns from their assets in custody,” says Bruno Macchialli, Executive Director of Delchain. “We’re also really excited to be a part of the Algorand community and we look forward to building on our relationship with such a forward-thinking blockchain provider.”

“With its robust offerings for financial services in the blockchain space and excellent support for USDT, we are excited to welcome Delchain into the Algorand community,” said W. Sean Ford, COO of Algorand. “Delchain brings fundamental tools and services to organizations using Algorand to deliver sophisticated blockchain applications.”

Delchain, which offers a full suite of financial services to support blockchain companies in addition to digital asset trading, is one-of-its-kind, being the only regulated Financial and Corporate Services Provider located in The Bahamas to do so. It caters to both institutions and digital asset investors.

Delchain clients who would like to start staking can contact [email protected] For more information: https://delchain.io/staking/.

More about Delchain Limited

Delchain Limited (Delchain) is a licensed Financial Corporate Service Provider, regulated by the Securities Commission of The Bahamas with offices in The Bahamas and Singapore. Delchain provides a full suite of financial services to support blockchain institutions and high net worth clients, including:

  • Fiat banking: traditional banking services provided by banking partners.
  • Capital markets: trading, market making and treasury management services for a range of both traditional and digital assets.
  • Advisory: consultation services for digital asset companies and assistance in fundraising, digital asset creation, distribution, and exchange listing.
  • Staking: the ability to earn passive income with your digital assets, similar to a traditional savings account.
  • Digital asset custody: the capacity to store and secure a wide range of cryptocurrencies and digital assets.
Delchain adds Algorand to its portfolio of digital assets