Bitcoin

The 100,000-user custodian plans to market $ 13 billion in assets

Kingdom Trust, a South Dakota-based custodian that manages more than $ 13 billion in assets, closely monitors the tokenization sector.

Ryan Radloff, Chief Executive of Kingdom Trust, told Cointelegraph that this is the case The company wants to tokenize the more than 20,000 alternative, cryptographic and inherited assets for which it currently offers custody services. He said:

“If you look beyond Bitcoin, the confluence of alternative assets is like REIT [fideicomisos de inversión inmobiliaria], Gold, land and other things the kingdom holds, this is a privileged environment for the confluence between blockchain technology, asset tokenization and the 20,000 assets we currently have. “

The custodian is particularly suitable for targeted tokenization

As an established custodian bank with a six-digit user base of over 20,000 approved assets Radloff claims that the Kingdom Trust is in a unique position to benefit from the emerging tokenization sector.

The 100,000-user custodian plans to market $ 13 billion in assets
The 100,000-user custodian plans to market $ 13 billion in assets

“In addition to Bitcoin, we have another 20,000 assets that we already hold and we currently have additional assets of $ 13 billion,” said Radloff. “So it’s not just like a company testing the water with Bitcoin – this is a $ 13 billion custodian [posee] Billions of dollars for institutions and retirement accounts, and Bitcoin is the fastest growing part of our business. “

“Most of these other value token platforms either try to start without users or assets, and hope to tokenize things along the way while gaining users.” continuously:

“Kingdom has more than 100,000 users who already have alternatives, and we have 20,000 assets that are ready to tokenize: what happens when these two things come together? It is something that no one else in the industry has. “

Kingdom is waiting for a leading tokenization platform to emerge

Despite the desire to be at the forefront of tokenization, Radloff announced that the Kingdom Trust will wait for a market-leading tokenization platform to emerge before submerging. The company will focus on expanding its recently opened retirement account, which will soon support Bitcoin (BTC) and legacy assets. term.

“When I look at the tokenization market, it’s more about who gains more momentum, because I think that tokenizing and digitizing assets will have a network effect, which means that [plataformas] Larger ones will gain traction, “said Radloff.

“However, it is currently not clear to me who will win worldwide. I will not decide until I can identify a clear winner.” […] We look at the global race and see how it works before we make a decision about what we will open for our asset base, ”he concluded.

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