The Gemini Trust Company, a regulated custodian overseen by the NYDFS, has announced the launch of its institutional-grade custody solution which covers 18 cryptos (including ERC-20 tokens) and will allow customers to trade assets held in cold storage instantly.
Tuesday’s launch is only the latest move in Gemini’s efforts to provide regulated services to institutions. The exchange announced in early July that it would file for a broker-dealer license through the Financial Industry Regulatory Authority (FINRA), the self-regulatory organization overseeing securities dealers in the U.S. Should Gemini secure a broker-dealer approval, it would then be able to apply to become an alternative trading system, which would enable it to offer digital securities for approved traders.
https://finance.yahoo.com/news/gemini-launches-custody-18-cryptos-110034056.html