Tungsten offers institutional-grade digital asset custody services tailored for financial institutions and high-net-worth individuals (HNWI). Focused on mitigating counterparty risks, Tungsten provides secure, compliant storage of digital assets within a resilient, multi-layered security architecture, fully managed and operated in the UAE.

Regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi Global Market (ADGM), with initial approval from Dubai’s Virtual Assets Regulatory Authority (VARA), Tungsten is certified in SOC2 Type2, ISO 27001:2022, ISO 27017, and ISO 27018. Cryptographic independence is ensured with on-premise key management using HSM and MPC technologies.

Designed with a Bitcoin-first approach, with advanced features like UTXO management and Taproot capabilities, Tungsten supports over 60 digital assets. Additional services include staking, triparty collateral management, and deep-cold wallets enhanced by a Post-Quantum Cryptography (PQC) source of entropy.

Founded under Further Ventures, with ADQ as a LP, Tungsten benefits from the expertise of professionals in virtual assets, cybersecurity, risk management, and compliance, ensuring reliable and innovative solutions. Tungsten is a trusted partner in virtual asset custody for sovereign-backed organisations, financial institutions and global enterprises.

Legal Name: Tungsten Custody Solutions Ltd

Counterparty Type: Regulated Custody

Entity Type: Limited Company

Products: Custody, Staking, Tri-Party Collateral Management

Year Founded: 2023
Registered Jurisdictions: United Arab Emirates (ADGM)
Restricted Jurisdictions: -

Key Type: MPC, HSM (PQC source of entropy)
Key Shares: Tungsten holds all key shares
M-of-N Shares: Flexible
Policy Management Features: Flexible admin quorums, Whitelist transfer addresses and tokens, Time-locks and/or amount-locks, Smart contract approval and interaction whitelisting, Multi-layered governance (e.g., 2 admin + 2 operators required to withdraw assets)
Blockchain Networks: https://tungsten.ae/supported-assets/ 
Exchange Integrations: On request (Binance, Coinbase and Kraken)
DeFi Access: Yes
Wallet Connectors: WalletConnect
Disaster Recovery: Internal, External Disaster Recovery Integrations
Off-Exchange Settlement: Yes
Off-Exchange Settlement Venues: Ledger Enterprise (TRADELINK)
API: On request
Certifications: SOC 2 Type 2, ISO 27001:2022, ISO 27017, ISO 27018
Licenses: FSP
Insurance: Specie
Pricing Based On: AUC/Volume
Additional Details: Tungsten operates via a white-glove service solution with a dedicated team of individuals (Trust Office), based both in the UAE and NA, providing 20/5 hours availability with a 8-hours SLA, at an average of 2 hours. Due to our existing size, we can offer bespoke services to clients, including the transfer of positions, token vesting services via smart contract calls, and complex governance setups.We have connectivity with OTC desks, and can serve clients globally, including US-based residents and companies with US-based UBOs.