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Seed CX Launches New Wallet Features for Institutional Clients By CoinDesk

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© Reuters.

Institutional-focused crypto exchange Seed CX is launching a new wallet solution aimed at adding security and transparency for its customers.

The company, which raised $15 million in funding last fall, announced Thursday that its new wallet features on-chain settlement, and provides each customer a unique wallet rather than using omnibus wallets. Provided through its settlement subsidiary Zero Hash, the new wallets allow the exchange to synchronize its internal accounting on the appropriate blockchain.

As such, market participants can independently verify all deposits, withdrawals and other transactions associated with their wallet.

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