with this custodian. This custodian provides $X amount of insurance on the funds we store there."?
This would still not be accurate, because they don’t provide the insurance on the funds you store there, they provide it on all the funds. Saying "We store funds with this custodian. This custodian provides $X amount of insurance on the funds we store there."? Would make it sound like the $x is allocated specifically to insurance Nexo funds, which it isn’t.
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