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Delchain adds Algorand to its portfolio of digital assets

Delchain Limited (Delchain), a digital asset financial services provider, announced today that it has formed a global partnership with leading blockchain provider Algorand.  

Delchain will be adding Algorand, USDT on Algorand and Algorand Standard Assets (ASA) to its portfolio of digital assets for custody, trading and staking (ALGO only).

Delchain recently introduced staking to its services, giving their clients an opportunity to generate passive income while their assets remain in secure and insured cold storage.  

With this, Delchain now offers the ability to buy, trade, stake, and custody digital assets, under one roof, for seamless management of private keys and wallets. This is coupled with:

  • A solid security architecture: each node runs on its own dedicated virtual machine
  • Insurance: custodial assets are insured with Delchain
 

“As we continue to grow and develop our client offering, it is essential for us to provide our clients this staking service. Our clients can generate returns from their assets in custody,” says Bruno Macchialli, Executive Director of Delchain. “We’re also really excited to be a part of the Algorand community and we look forward to building on our relationship with such a forward-thinking blockchain provider.”

“With its robust offerings for financial services in the blockchain space and excellent support for USDT, we are excited to welcome Delchain into the Algorand community,” said W. Sean Ford, COO of Algorand. “Delchain brings fundamental tools and services to organizations using Algorand to deliver sophisticated blockchain applications.”

Delchain, which offers a full suite of financial services to support blockchain companies in addition to digital asset trading, is one-of-its-kind, being the only regulated Financial and Corporate Services Provider located in The Bahamas. It caters to both institutions and digital asset investors. 

Delchain clients who would like to start staking can contact [email protected]. For more information: https://www.delchain.io/staking/. 

 

More about Delchain Limited 

Delchain Limited (Delchain) is a licensed Financial Corporate Service Provider, regulated by the Securities Commission of The Bahamas with offices in The Bahamas and Singapore. Delchain provides a full suite of financial services to support blockchain institutions and high net worth clients, including:

  • Fiat banking: traditional banking services provided by banking partners.
  • Capital markets: trading, market making and treasury management services for a range of both traditional and digital assets.
  • Advisory: consultation services for digital asset companies and assistance in fundraising, digital asset creation, distribution, and exchange listing.
  • Staking: the ability to earn passive income with your digital assets, similar to a traditional savings account.
  • Digital asset custody: the capacity to store and secure a wide range of cryptocurrencies and digital assets.

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The information, tools and material presented in this report are provided to you by Delchain Limited for information purposes only and are not to be used or considered as an offer or the solicitation of an offer to sell or to buy or subscribe for securities or other financial instruments.  Delchain Limited may not have taken any steps to ensure that the securities or financial instruments referred to in this report are suitable for any particular investor.  Delchain Limited will not treat recipients of this report as its customers by virtue of their receiving this report. The investments and services contained or referred to in this document may not be suitable for you and it is recommended that you consult an independent investment advisor if you are in doubt about such investments or investment services. Nothing in this report constitutes investment, legal, accounting or tax advice, or a representation that any investment or strategy is suitable or appropriate to your individual circumstances, or otherwise constitutes a personal recommendation to you.  Delchain Limited does not advise on the tax consequences of investments and you are advised to contact an independent tax adviser.

Information and opinions presented in this document have been obtained or derived from sources believed by Delchain Limited to be reliable, but Delchain Limited makes no representation as to their accuracy or completeness.  Delchain Limited accepts no liability for loss arising from the use of the material presented in this document, except that this exclusion of liability does not apply to the extent that such liability arises under specific statutes or regulations applicable to Delchain Limited. This report is not to be relied upon in substitution for the exercise of independent judgment.  Delchain Limited may have issued, and may in the future issue, other communications that are inconsistent with, and reach different conclusions from, the information presented in this report.  Those communications reflect the different assumptions, views and analytical methods of the analysts who prepared them and Delchain Limited is under no obligation to ensure that such other communications are brought to the attention of any recipient of this document.

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