Elliptic, the UK-based bitcoin storage firm, has hired Kevin Beardsley as its new Head of Business Development.
Beardsley is the former Director of Membership at Bitcoin Foundation, where he worked closely with Bitcoin companies globally.
In his new role, he will be responsible for growing the client base for Elliptic’s Vault service. Elliptic claims that it is already the custodian of choice for investment funds and publicly listed companies which need maximum security.
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Beardsley commented, “It seems every day you read about another hack. With at least 5% of all Bitcoins already lost or stolen, the Bitcoin ecosystem desperately needs an accredited custodian like Elliptic to make Bitcoin a valid option for the capital markets.”
The latest addition brings Elliptic’s total head count to eight.
Last month, Elliptic obtained ISAE 3402 accreditation following a review from KPMG. It also says to have insurance for funds under its care, provided by a “Fortune 100 insurer”, the identity of which has not been disclosed.