BIGG Digital Assets Inc. (BIGG) subsidiary Blockchain Intelligence Group partners with Brane Capital to expand compliance offerings to Government Agencies and Financial Institutions
COMPREHENSIVE COMPLIANCE PLATFORM ADDS VAULT BANK-GRADE CUSTODY
VANCOUVER, British Columbia, April 22, 2021 (GLOBE NEWSWIRE) -- BIGG Digital Assets Inc. ("BIGG" or the "Company") (CSE: BIGG; OTCQX: BBKCF; WKN: A2PS9W), owner of Blockchain Intelligence Group (blockchaingroup.io) ("BIG"), a leading developer of blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce its partnership with Brane
Capital, a Canadian fintech company, focused on the emergent digital asset market.
This partnership will provide highly secure custodial solutions with continuous address monitoring for financial institutions and law enforcement agencies, closing the gap between government institutions, regulated financial institutions, and the emerging blockchain industry. The combined solutions give customers the option to integrate BIG’s blockchain compliance solutions within Brane's existing infrastructure.
BIG's Compliance Suite platform will enhance compliance capabilities for financial institutions and law enforcement customers, bringing real-time transaction monitoring and high-risk transactions under one roof. Brane Capital built a proprietary one-stop vault protection protocol that allows the account holder to secure a wide range of cryptocurrencies, with one step in the event of account breach or unexpected loss of an authority holder. This partnership will prevent future losses of cryptocurrency resulting from the loss of a single person or entity holding the unshared private keys. This proprietary protection is designed to prevent scenarios like the QuadrigaCX locked wallet case.
Law enforcement customers can quickly liquidate their crypto into fiat currency using BIGG’s Netcoins cryptocurrency exchange, and without having to go through an auction process which is how seized cryptocurrency is currently liquidated. The combined offering will also allow law enforcement agents and financial institutions to monitor high-risk addresses.
“This partnership and its combined capabilities further enhances Brane’s turnkey custody solution, and closes the gap on crypto compliance for our institutional clients,” said Brane President Jerome Dwight, former CEO of Bank of New York Mellon Canada. “These additional capabilities enable Brane to bring a truly standout offering to the Canadian and global markets, and will establish our leadership position in digital asset custody services.”