First Global Credit (FCG) has partnered with DATAFORT to enhance the integrity and transparency of their bitcoin-based stock investing offering.
The company says that since launching its offering at the Inside Bitcoins Exhibition in Las Vegas earlier this month, over 500 investors have become customers. The service lets investors gain exposure to stocks through their supplying of bitcoins as collateral.
DATAFORT is a UK-based company offering managed data backup and recovery services to help companies achieved Financial Conduct Authority (FCA) compliance.
FCG indicates that it is taking security seriously in an industry that has been plagued with incidents. Said CEO Gavin Smith:
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“It really astonishes me that any company building a digital currency business would not take significant precautions to make sure that their platform protected their customers.”
FCG says that prior to the partnership, it had already employed a robust security regimen. It says that its infrastructure is run behind firewalls of “financial-grade data centers” in Switzerland. In addition, offline wallets are stored in the vaults of a “mainstream Geneva bank”.
DATAFORT will replicate FCG’s entire network in its data centers and guarantee 99.9& uptime. They will also provide long-term archival allowing for the tracing of old transactions back to their point of origin. In a press release, it is noted how traditional financial institutions cater to clients’ questioning of a particular order execution, something which is largely lacking in the digital currency space.
In January, FCG plans on adding 24/7 customer support.