Zenrock Aims to Calm Users’ DeFi Wobbles With Decentralized Custody Offering

Zenrock, the crypto custody platform built on the remains of Qredo, plans to ease concerns over the security of decentralized finance (DeFi) and accelerate the industry’s growth by teasing users away from centralized offerings with a safer way of looking after their assets.

Investors use centralized exchanges (CEX) and exchange-traded funds (ETFs) because they have a fear of operating in the DeFi world, Chairman Dan Tapiero said in an interview. Even active degens in the crypto space are nervous about using DeFi, he said.