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Institutional Cold Storage Solutions Provider GK8 Adds Tezos

Well-known institutional-grade blockchain cyber security firm GK8 has added support for Tezos.

The new security solution comes with validation in the form of a Soc2 type 2 certification from the Big 4 accounting firm Ernst & Young.

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GK8

GK8 is an institutional-grade cyber security firm who offer cryptocurrency cold vault solutions to their clients. GK8 was created by cyber security experts in Israel and has $10 billion in assets managed by their clients, which includes the trading giant eToro.

The company was selected by Mastercard to join its Start Path program in the summer of 21.

The firm has a patented undirectional solution where it is possible to create, sign and send blockchain transactions with no internet connection.

GK8 Adds Tezos Support

Now, GK8 has recently announced it will support the Tezos blockchain using a grant from the Tezos Foundation.

It was stated: GK8 will now aid in the development of critical infrastructure of the wider Tezos ecosystem.

The supporting solution comes with validation in the form of a Soc2 type 2 certification from the Big 4 accounting firm Ernst & Young. It enables the secure tokenization of traditional assets such as real estate and also supports NFTs.

Lior Lamesh, Co-founder and CEO, GK8, said:

“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”.

Roman Schnider, Head of Operations of Tezos Foundation, added:

“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.

It is an important building block for institutional interactions with the fast-growing number of DApps on Tezos”.

Disclaimer

Nature of Content: All content published on https://xtz.news, whether written, auditory, or visual, is for informational purposes only. Opinions expressed therein are solely those of the individual authors and do not reflect the views of XTZNews or its management.

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Accuracy and Completeness: While XTZNews makes every effort to ensure the accuracy and reliability of information, we do not warrant or guarantee the timeliness, completeness, or accuracy of the information presented. The website may contain errors, omissions, or inaccuracies. We disclaim all warranties, both express and implied, regarding the information, including but not limited to, any warranty of merchantability or fitness for a particular purpose.

Endorsements: References to specific entities, products, services, processes, or other information does not constitute or imply endorsement, sponsorship, or recommendation by XTZNews. Blockchain technology is in a developmental phase, and the engagement with the technology and its associated entities carries inherent risks.

User’s Responsibility: Users are encouraged to conduct their own research and due diligence and to seek the advice of qualified professionals before making any investment or decisions related to content on this site. Engaging with blockchain technology, cryptocurrencies, and associated applications should be undertaken with caution, understanding the inherent risks involved.

Limitation of Liability: Under no circumstances will XTZNews or its affiliates, partners, officers, directors, employees, shareholders, agents, or licensors be liable for any direct, indirect, incidental, special, consequential, or punitive damages, including without limitation, loss of profits, data, use, goodwill, or other intangible losses, resulting from (i) your access to or use of or inability to access or use the site; (ii) any content obtained from the site; or (iii) unauthorized access, use, or alteration of your transmissions or content, whether based on warranty, contract, tort (including negligence), or any other legal theory, whether or not we have been informed of the possibility of such damage, and even if a remedy set forth herein is found to have failed its essential purpose.

Seek Independent Advice: Before undertaking any financial investments, potential investors are advised to seek guidance from independent financial, legal, and tax professionals.

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