DigiCorp Labs is happy to announce the lockup of 246,977,306.43 DGMV in Deep-Cold Storage (LCX Vault) until at least December 1st, 2023. LCX Vault is a custody solution for digital...
DigiCorp Labs is happy to announce the lockup of 246,977,306.43 DGMV in Deep-Cold Storage (LCX Vault) until at least December 1st, 2023.
LCX Vault is a custody solution for digital assets in accordance with the Liechtenstein blockchain laws. The Deep Cold Storage is an institutional grade cryptocurrency custody, audited, insured and at highest physical security standards. A proprietary bank-graded cold storage solution applying the highest standards of cryptographic and physical security. The LCX Vault is based at a high-security secret building in the Principality of Liechtenstein with 24/7 guards and concrete-reinforced blast doors. Swiss security experts created this physical security building to guarantee the highest standard in protection.
Certificate Of Asset Protection, DigiCorp Labs Company Reserve
Below you can find the scan of our Certificate Of Asset Protection, with authorized signatures, signed by the board of LCX AG. This is to certify that DigiCorp Labs declares that the Company Reserve of 246,977,306.43 DGMV Token will be locked up and stored in an insured high security cold storage facility. DigiCorp Labs declares that the company reserve of DGMV Token will be stored in this cold storage facility until at least 1st of December 2023.
Why DigiCorp Labs has chosen for Deep Cold Storage in LCX Vault
LCX AG is DigiCorp Labs’ Token and Trusted Technology Service Provider (TVTG).
Since January 1st 2020 the Liechtenstein Blockchain Act (Token and Trusted Technology Service Provider Act - TVTG) came into effect. This legal framework provides the world’s first holistic approach to the token economy enabling a new degree of investor protection for this new asset class. A key element of the law are regulated and compliant custody solutions for cryptocurrencies, tokens and all forms of digital assets. These roles are called Trusted Technology (TT) Key Depositaries and Trusted Technology (TT) Token Depositaries.
Definition of TT Key Depositaries and TT Token Depositaries: Companies who safeguard tokens or private keys for third parties, e.g. in a safe or a collective wallet. This also includes the execution of transactions for third parties. These services are typically provided by crypto exchanges or wallet providers. Service providers who act as Trusted Technology (TT) Key Depositaries or Trusted Technology (TT) Token Depositaries are subject to the Due Diligence Act (DDA) and FATF standards and money laundering supervision.