As a leader in the industry, our clients expect us to stay at the forefront of trends. Now our state clients can add cryptocurrency to their unclaimed property portfolio in a simple and secure way.
CENTREVILLE, Va. (PRWEB) December 03, 2020
Avenu Insights & Analytics (Avenu), the nation’s leader in unclaimed property solutions, proudly announces the addition of cryptocurrency custody to its Unclaimed Property Solutions Portfolio. The new secure platform will receive in, deliver out, liquidate, purchase, and hold the most widely-used and popular types of cryptocurrency.
This is a result of a recently established relationship between Avenu and Gemini, one of the most trusted firms in the industry. Gemini is a licensed digital asset exchange and custodian that is owned and operated by Gemini Trust Company LLC, a New York trust company. Gemini is subject to comprehensive regulations under several federal and state laws, including those pertaining to unclaimed property and escheatment.
Trusted by more states than any other unclaimed securities custody provider, Avenu provides state administrators with a suite of comprehensive and cost-effective tools to manage all facets of their unclaimed property management. With a reputation built on over 35 years of experience, Avenu manages over $2 billion in unclaimed securities.
“Partnering with Gemini was a natural step for us to take,” shared Paul Colangelo, Avenu CEO. “As a leader in the industry, our clients expect us to stay at the forefront of trends so that we can deliver relevant solutions that they need from us today. Now our state clients can add cryptocurrency to their unclaimed property portfolio in a simple and secure way.” Avenu, in fact, is the first company in the United States to offer cryptocurrency as part of its portfolio to state clients.
About Gemini Trust Company, LLC
Gemini Trust Company, LLC (Gemini) is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store more than 20 cryptocurrencies like Bitcoin, Bitcoin Cash, Ether, Litecoin, and Zcash. Gemini is a New York trust company that is subject to the capital reserve requirements, cybersecurity requirements, and banking compliance standards set forth by the New York State Department of Financial Services and the New York Banking Law. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss to empower the individual through cryptocurrency. To learn more, visit gemini.com.
About Avenu Insights & Analytics
As a leading provider in state and local government solutions, Avenu has partnered with over 3,000 state and local governments to boost revenue, optimize operations, and reduce costs. Avenu provides revenue enhancement and administrative solutions that uncover new sources of untapped revenue and deliver software that streamlines day-to-day operations. State and local governments partner with Avenu to increase revenue without raising taxes, streamline internal operations, and improve services by enhancing connectivity for constituents. Avenu is a portfolio company of Mill Point Capital. To learn more, visit avenuinsights.com.