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Blockchain Venture Capital Firm SPiCE VC Taps Coinbase as Digital Asset Custody Partner

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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.

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