According to ChainCatcher, Deep Custodian Limited has been approved for the Hong Kong "Trust or Company Service Provider License (license number TC009487)", and can provide customers with crypto asset custody services including Bitcoin, Ethereum, etc. in accordance with the law.

Deep Custodian Limited stated that it will provide secure and compliant asset custody services to individual and institutional clients through the most advanced security technology, ensuring that every transaction can be carried out in a safe and reliable environment.

In September last year, Deepcoin Labs was approved for a DMCC license in Dubai and set up a $100 million fund to inject strong momentum and financial support into Web3 industry innovation. In January this year, Deepcoin became the seventh overseas cryptocurrency exchange in the world to obtain CODE compliance access to comply with South Korea's cryptocurrency travel rule regulations.

It is reported that since March 1, 2018, Hong Kong has officially implemented the trust or company service provider licensing system, which provides a legal and compliant regulatory framework for the independent custody of crypto assets, and is an important basic system for Hong Kong as a Web3 financial center. TCSP has strict requirements on the IT infrastructure of applicants and operating entities, and has inherited a large number of traditional financial regulatory concepts, including compliance assurance, KYC and anti-money laundering measures, as well as the establishment of cold and hot wallet security mechanisms, the development of blockchain technology and many other strict requirements.