Kraken Institutional, part of the crypto exchange Kraken, has announced the expansion of its custody services to the United Kingdom and Australia.

Kraken Institutional works with high-profile clients like hedge funds and exchange-traded fund issuers, providing custody solutions for managing crypto assets. These solutions are essentially storage services designed to securely store and manage digital assets on behalf of institutions.

The custody service offered by Kraken Financial, a US state-chartered bank, allows institutional clients to securely store and transfer their crypto assets. It exists separately from the exchange. Funds are remotely segregated, and 24/7 withdrawals are enabled.

Kraken Custody only supports Bitcoin (BTC), Ethereum (ETH), and USDC stablecoin (USDC), with more …