The IOTA Foundation announced on Jan. 9 via a blog post its partnership with Crypto Storage AG which will offer the first institutional-grade storage infrastructure solution for IOTA tokens.
The professional storage solution will be available worldwide.
Swiss-based Crypto Storage AG is a subsidiary of Crypto Finance AG, and will provide IOTA’s industry partners and users a new solution that offers a professional level of security.The Partnership Is a Welcome Security Development
The partnership has yielded a multi-signature storage solution that can be used to store high volumes of IOTA tokens.
The institutional-grade security solution meets the needs and demands of financial intermediaries and all other significant stakeholders invested in the IOTA ecosystem.
The collaboration between the IOTA Foundation and Crypto Storage AG benefits private, public, and institutional investors by enabling them to securely manage the access to their IOTA tokens.
The new security infrastructure raises market standards by introducing a new security paradigm that offers “two layers of dedicated and redundant hardware devices.”
The announcement further stated:“This set-up allows for a dedicated, independent, and highly flexible multi-signature framework. All transactions can be independently reviewed and approved on dedicated tamper-proof hardware.”
The tailored software, tamper-proof signing device, and hardware security module devices were developed by leading Swiss providers with an impressive track record and experience in the world of finance and IT security.
Stijn Vander Straeten, CEO of Crypto Storage AG is happy to partner with the IOTA Foundation and create a secure platform for the storage of IOTA tokens.
He said:“Crypto Storage AG is proud to support the IOTA platform with our top-tier infrastructure, as we see rising demand with our clients and IOTA’s industry partners to enable...