Bitcoin News

Spanish Security Giant Prosegur Enters Crypto Custody Race

Another international security services behemoth has taken the crypto plunge, with Spanish firm Prosegur launching a dedicated subsidiary that will offer crypto custody services.

The company, which is based in Madrid, has over 160,000 employees worldwide and reported net profits of almost USD 190m in 2019, said that it had “launched a comprehensive digital asset management and custody solution,” per El Español.

The new subsidiary is called Prosegur Crypto and will provide crypto custody and key management services for institutional investors.

Prosegur is the market-leading security services provider in its native Spain, but also has a lion’s share of the markets in Brazil and Germany – as well as a strong presence in Portugal and Latin America.

Prosegur Crypto’s newly appointed CEO Raimundo Castilla claimed,

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