ON1ON Custody is designed with a multi-layer architecture solution to safeguard clients' digital assets.
As a holder licensee of the Trust or Company Service Provider (TCSP) license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, ON1ON Custody not only offers an end-to-end digital asset custodian service, we are also subject to prevailing AML and CTF standards, both locally in HK and internationally as per FATF standards.
ON1ON Custody has completed the AICPA SOC 2 certification Type 1, the highest standard for service organizations. ON1ON Custody is committed to completing the ongoing annual SOC 2 examination to uphold our service excellence. The SOC 2 examination is compliance standard that underpins a platform's control across security, system availability and privacy for service organizations.
ON1ON Custody leverages automated systems to perform AML checks to best serve our global client base. As part of the client onboarding process, our in-house compliance specialists will conduct thorough customer due diligence and perform ongoing AML monitoring thereafter. ON1ON Custody closely monitors transactions, the day-to-day operations, internal governance, and wallet management as well as compliance to relevant regulatory ordinances and industry practices.
ON1ON Custody is actively working with Hong Kong insurers to develop a bespoke proprietary solution to meet the specific needs of our users, offering coverage for: physical damage, alteration, corruption, distortion, theft (both internal and external), or destruction of digital assets directly caused by natural perils and other malicious acts non-malicious acts. (Coming Soon)
ON1ON Custody provides a one-stop solution for customers to earn passive income through staking of their assets. We help clients stake in their preferred network (given evolving token standards), simplify the staking process for users and minimize the need for users to manage the transfer of assets across different blockchain protocols and service platforms. (Coming Soon)
ON1ON is a digital assets custody solution with a state-of-the-art security framework suitable to institutions and individual clients. Founded by experienced bankers, fintech professionals and blockchain engineers, ON1ON provides an institutional-grade custodial wallet solution, compatible with evolving token standards.
Yes. We are a holder of the TCSP license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
We support those cryptocurrencies that are actively traded and have large market capitalization, including BTC, ETH, USDC and UNI. We also support security tokens (ERC-20/1400) and NFTs (ERC-721/1155).
With a MetaMask wallet, users have sole control of their own private keys and are solely responsible for safeguarding their private keys. ON1ON, on the other hand, acts as a third party to protect users' digital assets by maintaining the private keys on behalf of users. In respect of the assets that are supported, ON1ON can offer support to evolving token standards, whereas MetaMask is only able to offer support to Ethereum based tokens. ON1ON is also able to provide insured custody and offer settlement solutions and participate in yield generating solutions like staking.
ON1ON is insured by a Hong Kong licensed insurance provider with bespoke coverage tailoring to ON1ON’s specific needs. The insurance policy covers a broad spectrum of virtual assets, from cryptocurrencies and NFTs to security tokens, insuring against the loss of digital assets as a result of physical damage or theft.
Assets are stored offline, in cold storage.
ON1ON has been accredited with SOC 2 Type 1 accreditation and is currently working towards attaining SOC 2 Type 2. Only a handful of digital asset custodians in HK meets the SOC 2 standard. A SOC 2 examination refer to a series of standards designed to help measure how well a given service organization regulates and conducts its information. ON1ON is committed to complete a SOC 2 examination on an annual basis, on par with other major players' practices.