Nogle Invests $ 3M in First Digital Trust Crypto-Custodian

First Digital Trust, a subsidiary of Hong Kong Legacy Trust which offers services of trading and conservation for the cryptocurrencies like Bitcoin, received an investment from $ 3 million.

According to a press release, Nogle's venture capital firm, Nogle Capital Management, led a seed round of $ 3 million for First Digital Trust.

Based in Hong Kong, the startup aims to "bring the traditional financial services industry into the digital asset industry" by offering "compliant and transparent" custody services.

We see great potential in their technology for the digital asset industry, which will pave the way for the future of trust and custody services, "said Jonathan Leong, founder of Nogle.

Legacy Trust, a large regulated Hong Kong trust company, has created First Digital Trust in 2019 in order to separate its crypto-activities and focus more on its traditional activities.

Last year, the firm entered into a partnership with the French specialist in the security of cryptocurrencies Ledger to provide an "institutional quality" digital asset management solution using protection Vault.

For the Taiwanese Nogle, this is not the first investment in the cryptocurrency industry. In 2018, the startup incubator invested $ 2.5 million in the blockchain project YOUR giant Telegram.