INX Limited, the digital property buying and selling platform which not too long ago initiated world’s first SEC registered token public providing, has chosen GK8’s offline custody answer to handle and safe the digital property on INX’s buying and selling platform.
INX is a regulated buying and selling market for cryptocurrency, safety tokens and blockchain property. Under the settlement, INX will use GK8’s end-to-end platform for managing and safeguarding digital property. The platform consists of GK8’s patented air-gapped vault, that may create, signal and ship blockchain transactions whereas staying 100% offline – therefore eliminating any potential assault vector that may be exploited by hackers.
INX is registered with the US Securities and Exchange Commission (SEC) for an preliminary public providing of the INX Token, as a part of the capital elevate for the business launch of a blockchain buying and selling alternate. INX’s transfer is a part of a rising development by monetary establishments that intend to offer crypto-related companies underneath strict watchdog scrutiny. These establishments are anticipated to spice up the demand for extremely dependable options for managing and defending their digital property, corresponding to GK8’s offline crypto custody answer.
GK8 was based in 2018 by Lior Lamesh and Shahar Shamai, cyber safety consultants who beforehand labored collectively in a categorized Israeli cyber unit that reported on to the Prime Minister’s workplace. The firm serves banks, exchanges and custodians that handle over $1 Billion in digital property. GK8’s advisory board consists of cryptography skilled and Zcash founding scientist Prof. Eran Tromer and Ilan Levanon, previously the top of cybersecurity in an Israeli intelligence unit.
Shy Datika, INX Co-Founder and President, said: “Our offer is a truly new era for traditional investors and institutions that still didn’t leverage the potential of digital assets. We believe that by introducing ‘Kosher’ digital asset opportunities to the market, we will change the world of trading. Using GK8’s outstanding security standards will make the adoption of INX easier”.
Lior Lamesh, CEO and co-founder of GK8, added: “The settlement with INX marks one other milestone within the penetration of GK8’s sturdy crypto custody answer into the U.S. market. Over the previous months we’re seeing a transparent shift within the monetary sector, with conventional banks trying into providing blockchain-based property. With 40 million Americans already holding Bitcoin, and the current OCC ruling that approved U.S. banks to supply crypto custody, crypto is turning into mainstream. Banks that need to adapt to the digital foreign money age must enter this area with out compromising on their safety”.