Moneybrain Ltd is the trusted holder and administrator for the cash and assets acquired on behalf of BiPS Token holders. This trusted holder is known as a custodian. The custodian is a financial institution that holds assets for safekeeping to minimise their theft or loss. Moneybrain Ltd, as an FCA regulated business will seek to ensure funds are held in segregated client accounts when appropriate. We are the first fully regulated team in the United Kingdom to expand our proven Peer to Peer technology onto the blockchain.
Moneybrain.com was founded in September 2000. The brainchild of Lee Birkett, the online business was focussed on distruptive fintech. The next stage of its development is bringing the peer-to-peer (P2P) technology developed by Lee's team to the world via blockchain to build an open and fairer financial system for all. We aim to bring trust to the crypto world by creating an underlying value in the BiPS Token. The BiPS Token is a new digital currency, that when live, will be backed by Property and Assets and the press are referring to the Token type as an Asset Token.