CoinDCX is developing Bharat Custody, India’s first homegrown crypto custody solution, set to launch in 2025.
Sumit Gupta, Co-Founder of CoinDCX, said, “There’s an urgent need for a secure, India-focused crypto custody solution. With over 3 crore investors in India’s crypto market, and the number growing, there’s a clear demand for a solution that builds trust. Bharat Custody is designed to support all crypto exchanges and VDA companies, not just CoinDCX. Right now, there’s no local custody solution in India, creating a gap that the industry must address together.”
What is Bharat Custody?
India has again stepped ahead with the launch of CoinDCX Bharat Custody- A breakthrough in the crypto security space. CoinDCX is one of those innovative companies that are working on developing a homegrown custody solution for digital assets while India would witness the first-of-its-kind pride. This will enable cryptocurrency exchanges and virtual digital asset companies to store their assets safely in the country. With a thrust on encryption, infrastructure, and AI-empowered fraud detection, Bharat Custody is all set to revolutionize crypto storage in India.
The Growing Need for Bharat Custody
India has witnessed one of the fastest-growing cryptocurrencies in recent times, along with increasing demand for sound and stable solutions for securing digital asset storage. CoinDCX Inaugurates Bharat Custody.
Crypto Security Breakthrough in India Fills the Gap. So far, most Indian crypto exchanges have ended up using international custody solutions that do not particularly cater to the needs of Indian investors in terms of the regulations they require and the standards needed for safety. This will create the development of Bharat Custody for the needs of regulation in India and its safety requirements. This would mean safely holding digital assets under the laws of India and their compliance.
Features of Bharat Custody
Encryption technology will be the most important feature of Bharat Custody. Therefore, the advanced security measures applied in this will ensure that there will not be much hacking and theft of all crypto assets stored using this solution.
Another feature will be an AI-based fraud detection system. As the rate of cybercrime in the crypto world has been increasing nowadays, the system will be helpful for the detection and prevention of fraudulent activity related to digital assets.
In its approach, CoinDCX ensures that Bharat Custody shall be built on a solid structure that gives scalability, reliability, and performance; this will be a great answer for securing crypto assets in India.
With these characteristics along with the deep understanding that CoinDCX has in respect of the Indian market, it positions Bharat Custody to be the trusted answer in the country for the protection of cryptos.
Launch Timeline and Investment
The company has set aside Rs 50 crore for the research and development of Bharat Custody. That is how serious the company is with regard to this product becoming successful. The company plans to launch the solution in the first half of 2025, which is going to be one major milestone in India’s crypto space. It will mean that a large investment from CoinDCX needs to go into developing a custody solution in which safety could be the guarantee provided to Indian investors to keep their digital assets safe.
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How Bharat Custody Will Help Indian Investors?
Indian investors slowly become interested in digital assets, however, most of them get scared away by fear about the safety of their investment. To address this, CoinDCX is coming up with Bharat Custody which is going to give safe storage solutions for Indian investors’ assets. Therefore, trust in crypto will increase.
Bharat Custody, as a third-party custodian, will keep the digital assets in safe and secure spaces within India. Thus, it removes the dependence on international custodians and hence helps the exchanges and crypto companies achieve easier compliance with Indian laws and the standards of regulatory needs. Hence, through Bharat Custody, investors will comfortably sleep knowing that their assets are well protected within an ideal regulatory environment seen within India.
One such company, which was always on the top to secure crypto is CoinDCX. Some of its many initiatives to ensure the protection of digital assets include Bharat Custody. While working on a solution for the Indian market, CoinDCX in no way was focusing only on catering to the security needs of an Indian investor but also doing the part on its own to contribute more to its country’s growth in the crypto ecosystem.
Future of Bharat Custody
CoinDCX Launches Bharat Custody: India’s Breakthrough in Crypto Security is a stepping stone into what perhaps can be the biggest game-changer for the Indian nation in how it shall store and protect its valuable digital assets. As that market grows, CoinDCX’s move will be a source of inspiration for other companies establishing similar solutions in due time. The scale and adaptation to meet the requirements of the Indian market will measure success. Success will set a new benchmark for the security of crypto offerings not only for India but the world at large.
Conclusion: With advanced encryption, AI-driven fraud detection, and a strong focus on compliance with Indian regulations, Bharat Custody is sure to be a game-changer for the Indian investor. This is going to provide the security and trust needed to drive further growth in the crypto market in India. As CoinDCX readies itself for 2025, the future of digital asset storage in India looks secure, reliable, and promising.
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