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Consensys Treasury moves 15% LINEA allocation to qualified custodian for long-term storage

Consensys Treasury moves 15% LINEA allocation to qualified custodian for long-term storage

Assets will benefit from insurance and regulatory safeguards as they are placed with specialized crypto custody providers for enhanced security.

by Estefano Gomez

1 min read

In Web3

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Consensys Treasury is moving its 15% LINEA token allocation to a qualified custodian for secure, long-term storage today.

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The assets will be held by regulated and insured entities that specialize in crypto asset custody. These qualified custodians maintain regulatory compliance and provide insurance coverage for digital assets under their management.

LINEA, an Ethereum layer-2 scaling solution developed by Consensys, allocated 15% of its total token supply to the company’s treasury operations.

Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.

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