Gemini is a custodian that is licensed to custody your digital assets in trust on your behalf. As a New York trust company licensed by the New York State Department of Financial Services, Gemini is: (i) a Qualified Custodian; (ii) a fiduciary under §100 of the New York Banking Law; and (iii) held to specific capital reserve requirements and banking compliance standards.
Gemini offers Custody Accounts as a solution to store your digital assets in a regulated, secure, and compliant manner. Custody Accounts are ideal for institutional customers like hedge funds, mutual funds, and exchange-traded funds, who may be required by law to store their digital assets with a licensed custodian like Gemini. A Custody Account constitutes a bailment relationship between you and Gemini (i.e., you retain title).
In a Custody Account, customer digital assets are segregated, using unique digital asset addresses, which are independently verifiable and auditable on their respective blockchains. All segregated digital assets are custodied and secured offline in Gemini’s proprietary Cold Storage System. For more information on our custody services, please refer to our Custody Agreement.
Custody Fee Schedule
|Minimum Annual Fee:||None|
|Administrative Withdrawal Fee:||$1252|
|Liquidity:||1 business day3|
If you would like to learn more about opening a Custody Account, please contact email@example.com.
2 Withdrawal fees are calculated using that day’s Gemini 4pm ET U.S. dollar denominated auction price for the respective digital asset. If no such auction price is available, the Prevailing Market Price (as defined in our User Agreement) will be used.
3 Business Day shall have the meaning set forth in our User Agreement.