ING joins digital assets trade association Global Digital Finance

Global banking giant ING has assumed a seat on Global Digital Finance’s (GDF) Advisory Council and become Co-chair of its Custody Working Group.

The trade association advocates and accelerates the adoption of digital assets. ING joins companies such as ArchaxBequantCoinbaseConsensysDLA Piper11:FSEYHogan Lovells and R3 on the GDF Advisory Council.

The group plays a key role in driving GDF activity and focuses on the ongoing development of the GDF Code of Conduct and Code Self-Certification Programme, which enables GDF members to self-certify their compliance with the Code of Conduct.

“In GDF we have found a body that accelerates the adoption of digital assets via the development of conduct standards, digital finance best practices and the promotion of cutting edge technologies like DLT,” said Hervé Francois, Blockchain Initiative Lead on Digital Assets at ING. “As one of the most active banks in blockchain, we are pleased to contribute our extended knowledge on digital assets.”

As Custody Working Group Co-chair, ING will steer the development of Code of Conduct principles for Custody and Custodians, in partnership with fellow Co-Chair Onchain Custodian and the working group members.

“I am excited to be personally involved in GDF as Co-chair of the Custody Working Group. We believe that delivering an industry network to support the safekeeping and transfers of digital assets is key to the development of any institution-grade ecosystem,” added Hervé Francois.