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Blockchain venture capital firm SpiceVC announced Monday that Coinbase Custody has agreed to serve as its digital asset custodian for the firm’s Spice token.
In a press announcement emailed to CoinDesk, the venture capital firm said the partnership with Coinbase will help investors reliably store and withdraw their Spice tokens.
Some of the firms in which SPiCE VC has invested include Bakkt, INX and Lottery.com.
In a recent announcement, Coinbase said it’s going to offer bitcoin-backed loans to customers in the United States. Capped at $20,000 per customer, the bitcoin-backed loans carry an interest rate of 8 percent for a repayment period of a year or less.