Blockchain platform Dvision Network has revealed that digital asset custodian platform Coinbase Custody will be providing a cold-storage solution for its native token DVI.
A major development for Dvision Network
Dvision Network stated that the development had been in the works in recent months with the blockchain cooperating closely with the Coinbase Custody team during this period. This culminated in Coinbase Custody officially approving the DVI token and supporting it within its custodial service. It should be noted that Coinbase Custody follows a strict process and will be carrying out a thorough and complex audit review of the DVI token during the trial period.
Coinbase Custody now supports deposits and withdrawals for Dvision ($DVI) https://t.co/y4NV8jgtUP. Coinbase Custody is a separate legal entity and assets approved for custody are separate from assets approved for trading on other Coinbase platforms. pic.twitter.com/G8gDWpbCL8— Coinbase Institutional (@CoinbaseInsto) January 25, 2021
This development was confirmed on Jan. 25 in a tweet by Coinbase Custody, which revealed that the DVI token is now part of the tokens supported on its platform. This means that DVI holders can safely store their DVI tokens and other assets including Bitcoin (BTC), Ether (ETH), USD Coin (USDC), Basic Attention Token (BAT) and Chainlink’s LINK in a safe-proof cold-storage system operated by Coinbase Custody.
It should be noted that Coinbase Custody is a digital-asset custodial service platform that holds customer assets for safekeeping and prevents them from being lost. It integrates similar storage architecture used by the Coinbase exchange and is regarded as one of the top custodial services in the crypto industry.
In addition, Coinbase Custody is recognized in the digital asset market as one of the few custodial services that only supports projects that comply with technical standards and related laws. This is one of the reasons why Dvision Network chose Coinbase Custody to carry out a custodian relationship with one of the most trusted and largest custody providers in the world.
The addition of the DVI token to Coinbase Custody represents the extensive work that has been put into the project by the Dvision developers. With this integration, the DVI token can join a list of top tokens supported on the custodial platform. It also exposes the token to a new market of users since Coinbase Custody is de facto one of the biggest in the world.
About Coinbase Custody
Coinbase Custody is the largest and most trusted institutional digital assets custodian. Launched in 2018, Coinbase Custody offers clients access to the secure, institutional-grade offline storage solution that has been used by Coinbase’s exchange business since 2012. Coinbase Custody is an independent, NYDFS-regulated entity built on Coinbase’s crypto-first DNA, offering the most sophisticated and reliable custody solution in the world. For more information, visit custody.coinbase.com.
About Dvision Network
Dvision Network is a new VR content ecosystem that utilizes blockchain technology. It aspires to provide the best user experience by utilizing the advantageous features of blockchain and VR technologies and by creating an unprecedented and inclusive virtual ecosystem for businesses and designers and general users. Dvision Network is powered by an Ethereum-based utility token (DVI) that can be utilized within Dvision Network’s new VR content ecosystem. DVI tokens can be purchased on the cryptocurrency exchange and can also be obtained in a form of compensation within the Dvision Network for certain tasks.
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