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Leading Cold Vault and MPC Solutions Vendor GK8 onboards Tezos Foundation as a client

CryptocurrencyMar 18, 2022 02:30AM ET
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Leading Cold Vault and MPC Solutions Vendor GK8 onboards Tezos Foundation as a client

  • GK8, a blockchain cybersecurity firm, announced partnering with Tezos to build its ecosystem.
  • The company combines Cold Vault technology and MPC solutions to provide clients with top-class cybersecurity.
  • GK8 also supports the secure tokenization of traditional assets.

GK8, the leading institutional-class Cold Vault and MPC solution for custody, DeFi, staking, NFT, and tokenization support, announced support in building the ecosystem of Tezos, a Proof-of-Stake blockchain protocol. The Tezos Foundation grant allowed GK8 to extend its help for Tezos token standards.

Co-Founder and CEO of GK8 Lior Lamesh shared his excitement:

High security and scalability are crucial for mainstream blockchain adoption. Tezos brings those features to the table, and we are thrilled to be expanding support to their network. We look forward to delving deeper into the bustling Tezos ecosystem.

GK8’s regulation-ready solution utilizes a unique Cold Vault that can create, sign, and send blockchain transactions without the need for internet connectivity – the only solution in the market that can do so.

The system combines the Cold Vault with a powerful, high-performance MPC wallet used for high-frequency automatic transactions. Users are given an unmatched security level that repels hackers. This is possible through the company’s patented deployment of unidirectional connection technology for crypto-wallets. It is further validated with a SOC 2 Type 2 certification from EY.

GK8 brings to the table a great combination of security, professionalism, and the ability to safely store crypto-assets secured by true Cold Vault and an MPC setup that allows access to on-chain applications.” Tezos Foundation Head of Operations Roman Schnider said. He added, “it is an important building block for institutional interactions with the fast-growing number of DApps on Tezos.” GK8’s solution also aids the secure tokenization of traditional assets. It boasts general support of all Ethereum Virtual Machine-compatible layer-1 blockchains and provides instant access to all layer-2 smart contracts on supported chains. Customers can conveniently access insurance of up to $750 million per Vault due to the platform’s arrangement with AON. The cap is currently the largest in the market today.

Continue reading on CoinQuora

Leading Cold Vault and MPC Solutions Vendor GK8 onboards Tezos Foundation as a client
 

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Steven Venance
Steven Venance Mar 18, 2022 6:43AM ET
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