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Wired follows the narrative of Kingdom Trust, from its early days as qualified custodian for traditional assets in the wake of the financial crisis to its latest merger with BitGo to provide one of the most widely used institutional-grade digital currency security and custody solutions.
That’s why Belshe decided a partnership with a qualified custodian like Kingdom was not enough. They could work better together as part of the same company, and so they merged. (Deal terms were not disclosed.) Belshe pointed to the SEC’s comments as justification for the deal. “I wouldn’t write it better myself for why we bought Kingdom,” he says. Jennings calls the merger “a great marriage of technology and regulatory oversight.”
https://www.wired.com/story/why-a-tiny-kentucky-firm-rules-a-corner-of-the-crypto-market/
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