Hedera Hashgraph Teams Up with Onchain Custodian to Enhance HBAR Security

Blockchain firm Hedera Hashgraph has partnered with digital asset custody provider Onchain Custodian to ensure the security of the project’s native token, HBAR. HBAR holders can now secure their tokens with Onchain’s custody platform, SAFE, which is insured through Lockton and fully compliant with Singapore’s regulatory regime regarding digital payment tokens.

Hedera Hashgraph Partners with Onchain Custodian: Enhanced Security for HBAR Tokens

What's the Deal?

Blockchain firm Hedera Hashgraph has joined forces with digital asset custodian Onchain Custodian to bolster the security of its native token, HBAR. The move underscores the growing recognition of responsible token governance among investors.

Why It Matters

"Investors are waking up to the importance of sound governance for token projects," notes Pablo Peillard, co-founder of Hashing Systems. "As the largest community of Hashgraph developers, we're putting our money where our mouth is by safeguarding our HBAR reserves with Onchain Custodian."

Custody for HBAR Holders

HBAR holders can now opt to secure their tokens via Onchain's SAFE custody platform, which boasts insurance from Lockton and full compliance with Singapore's regulatory framework for digital payment tokens.

Asian Focus

"With a significant portion of our HBAR holders based in Asia, it's crucial to provide them with secure and reliable digital asset custody within their time zone," says Jordan Fried, SVP of Business Development for Hedera. "We chose Onchain for their exceptional service and security standards that meet the expectations of our token holders."

Industry Evolution

"We're witnessing a growing trend of sophisticated investors demanding independent third-party custody solutions for their digital asset investments," adds Alexandre Kech, CEO of Onchain. "This reflects the industry's maturation as crypto gains traction in the traditional financial realm."

Onchain's Credentials

Backed by renowned investors like DHVC, Fosun, and Sequoia Capital, Onchain has earned the trust of blockchain organizations such as NEO, Ontology, and Zilliqa for managing their treasury funds.

Conclusion

Hedera Hashgraph's partnership with Onchain Custodian underscores the importance of responsible token governance and the growing sophistication of the digital asset industry. HBAR holders can now rest assured that their tokens are securely safeguarded in a reputable and compliant custody platform.