GK8, a leading institutional grade digital asset custody platform supporting DeFi, staking, NFT and tokenization, is licensing its solution to Brazilian crypto holding company 2nd Market. As part of the partnership, 2nd Market will apply the solution to protect its digital assets and provide maximum security, as well as access to full functionality and a wide range of layer 1 and 2 blockchains, smart contracts and DeFi services. In addition, 2nd Market will use the GK8 integration with Institutional Metamask (MMI) to have broad access to DeFi and Web3 through the user interface.
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According to the Kucoin report, about 16% of the Brazilian population – 34.5 million people – are considered investors in cryptocurrency. With inflation at 10% and the weakening of the Brazilian real market, cryptocurrency adoption is expected to continue to expand. At the same time, cryptocurrency theft and cybersecurity breaches remain a major concern, with more than 14 billion US cryptocurrencies stolen in 2021 alone. Reliable storage and asset management infrastructure to keep pace with growing demand and mitigate risk.
2nd Market aims to change the way people interact with digital assets. Through their companies Bank.ai, Bra.ex, Token Aim, and Cust.on, they offer a wallet, digital asset bank, exchange, and tokenization solution. The GK8 solution provides the infrastructure needed to capitalize on the country’s continued adoption of cryptocurrencies. Brazilian investors now enjoy institutional-grade protection for digital assets, from cryptocurrencies to real tokenized assets. It is important to note that 2nd Market can use the MMI interface in an intuitive and completely secure way.
GK8 and 2nd Market Offer New Ways to Buy Cryptocurrency
“As a rapidly growing cryptocurrency platform offering buyers new ways to participate in the digital asset ecosystem, we are thrilled to be able to do so using the world’s most secure platform with the widest coin coverage.”Caio Antonio, CEO and CTO of 2nd Market, comments. “The GK8 solution allows us to truly reassure users of our platform that we are providing them with the best security on the market.”.
The unique GK8 cold storage is the only solution on the market that can create, sign and send blockchain transactions without an internet connection, which guarantees institutions an unprecedented level of security, leaving no room for hackers. Cold Vault is paired with a high performance MPC proprietary wallet used for high frequency automated transactions.
GK8 also supports secure tokenization, provides general support for all ERC-20 compliant Ethereum virtual machine tokens, and provides users with instant access to all layer 2 smart contracts on supported chains.
“Our goal is to help institutions use digital assets safely, which is why we are excited to partner with a successful company operating in one of the fastest growing crypto markets. This is another step towards attracting new customers around the world.
We are honored to play a significant role in the mass adoption of cryptocurrencies in Brazil and Latin America,” says Lior Lames, CEO and co-founder of GK8. “We are excited to help 2nd Market quickly connect to thousands of new digital asset investors in the coming months with the necessary security infrastructure.”
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Source : Married Games
