HyperBlock Inc. reported earnings results for third quarter ended September 30, 2018. For the period, the company's revenue was $5.0 million, an increase of 317% from the prior quarter. Total comprehensive loss was $34.5 million or $0.15 per share.

The company confirmed it has received a written commitment for insurance coverage from an A+ rated insurer, for its newly-launched, proprietary crypto custodial service, HyperVault.

The company also announced it has signed a three-year agreement with a private Caribbean-based investment bank to provide insured custodial services. The contract terms include a minimum of $10 million in assets under management to start - with a maximum balance of $400 million in crypto assets under management.