Hyperblock Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018; Launches Insured Crypto Custodial Product; Signs Three-Year Agreement with Private Caribbean-Based Investment Bank to Provide Insured Custodial Services
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.