Taylor Wessing has advised Trustology on its exit to Bitpanda.
According to Taylor Wessing, “as a result, the FCA-registered Trustology will be rebranded as Bitpanda Custody with the clear focus on offering a secure, sophisticated and compliant, institutional-grade crypto custody platform for all customers. Bitpanda Custody will initially take custody of Bitpanda’s own assets across its retail, institutional and whitelabelling businesses, which will make Bitpanda Custody one of the largest digital assets custody providers globally.”
According to the firm, “Bitpanda Custody will be able to perform custodian services in the UK alongside Bitpanda’s existing licenses in the European Union, while significantly expanding the range of services provided to customers and partners. The introduction of Bitpanda Custody is the first step in launching a Prime Brokerage offering under Bitpanda Pro to go alongside the regulated digital asset exchange.”
Taylor Wessing’s team was led by London-based Partner Howard Palmer and Senior Associate Ed Chapman.
Taylor Wessing did not reply to our inquiry on the matter.