Tungsten provides regulated digital asset custody using military-grade hardware security modules and best-in-class IT security protocols to ensure the safe storage and management of assets for institutional investors. By minimizing operational and geopolitical risks, Tungsten enables clients to confidently invest in digital assets while adhering to the rigorous standards set by the ADGM Financial Services Regulatory Authority.
Funding
Funding not disclosed
Founders
Product
Problem
Institutional investors face significant risks when investing in digital assets, including operational, geopolitical, and IT security threats, as well as the need to comply with stringent regulatory standards. The volatile nature of digital assets and the potential for loss due to inadequate security measures create barriers to entry for institutions seeking to allocate capital to this asset class.
Solution
Tungsten provides a regulated digital asset custody service designed to meet the security and compliance needs of institutional investors. By utilizing military-grade hardware security modules (HSMs) and adhering to best-in-class IT security protocols, Tungsten ensures the safe storage and management of digital assets. Tungsten operates under the rigorous standards of the ADGM Financial Services Regulatory Authority (FSRA), providing a consistent and compliant environment. In addition to secure custody, Tungsten offers integrated services spanning exchanges, liquidity providers, analytics, and tokenization, providing a holistic solution for institutional digital asset management. Comprehensive insurance policies further safeguard assets against potential threats, with options for tailored coverage.
Target Audience
Tungsten serves institutional investors, crypto miners, trading firms, ETP providers, foundations, venture capital funds, and exchanges seeking secure and regulated digital asset custody solutions.
Features
- Military-grade hardware security modules (HSMs) for secure key storage and management
- Best-in-class IT security protocols to protect against cyber threats
- Compliance with ADGM Financial Services Regulatory Authority (FSRA) standards
- Comprehensive insurance coverage against various potential threats
- Integrated services spanning exchanges, liquidity providers, analytics, and tokenization
- Robust governance procedures and checks for asset protection