GK8, a cybersecurity company that offers high-security custodian technology for managing and safeguarding digital assets, announces its proprietary end-to-end custody solution, designed for banks and financial institutions, is now available for institutional customers that want to offer custody of Hederaâs native HBAR and HTS-based tokens. With an ability to process 10,000 transactions per second, asynchronous Byzantine fault tolerance security, and its advanced governing council, the Hedera network is already among the worldâs most-used public distributed ledger network.
With Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (ÃlectricitÃ© de France), eftpos, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura Holdings, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Groupon the Hedera Governing Council, Hedera Hashgraph aims to set the next standard for the global token economy. GK8âs compliance and governance-ready solution will work to protect the assets of Hederaâs enterprise users.
The GK8 Cold Vault enables the user to authorize a transaction without connecting to the internet, operates on a unidirectional basis, removing all cyber-attack vectorsÂ â paired with a patented Multi-Party Computation for scalable, high-frequency transactions. This integration will allow Hederaâs enterprise users to manage their own assets, generate new revenue streams, and generally embrace digital assets in a secure, compliant, and performant manner. GK8 has an arrangement with AON UK which enables GK8 customers to seamlessly access the largest insurance coverage in the market today, which is upwards of $500 million per vault.
âWe are thrilled to partner with Hedera Hashgraph, one of the most promising distributed ledger networks,â says Lior Lamesh, CEO and Co-Founder of GK8. âThis collaboration provides an additional level of se...