Amdax, a Netherlands-based digital asset service provider, has acquired a strategic stake in Manchester’s Custodiex, for an undisclosed sum.
It said with this move, Amdax and Custodiex are reinforcing their positions in institutional custody solutions, as part of a broader infrastructure that also includes trading, staking, and on- and off-ramping services.
As digital assets gain increasing relevance in banking and institutional transactions globally, the demand for reliable and scalable secure storage solutions continues to grow.
Custodiex, which was incorporated in October 2018, says it is a key player in this field, offering custody solutions that integrate cold storage with cloud technology in a unique way. This infrastructure is designed to store digital assets, such as crypto, safely offline while maintaining high speed access within the cold storage environment.
The technology is scalable and future-proof, with readiness for the era of quantum computing. Additionally, it meets the stringent international ISO 27001 security standard, a critical requirement for banks, governments, and other financial institutions.
Lucas Wensing, Amdax CEO, said: “Our strategic stake in Custodiex marks a significant step in our mission to provide financial institutions with a secure and reliable platform for their digital assets.
“This advanced technology not only enhances our service offering, but also raises the bar for security within the European crypto ecosystem.”
Over the coming months, Custodiex’s custody technology will be gradually integrated into Amdax’s infrastructure.
This strategic move gives Amdax direct access to the quantum-safe cold storage solution, designed to accommodate future developments such as the tokenisation of Real-World Assets and the rise of CBDCs (Central Bank Digital Currencies), stablecoins, and other new digital asset types.
Mike Sumner, CTO and co-founder of Custodiex, said: “We are proud that our technology is becoming part of a company that upholds the same high standards.
“Together, we are building one of the most secure custody environments for digital assets in Europe.”