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Leading Cold Vault and MPC Solutions Vendor GK8 onboards Tezos Foundation as a client -Breaking


Leading Cold Vault and MPC Solutions Vendor GK8 onboards Tezos Foundation as a client
  • GK8, a Blockchain cybersecurity company, has announced that it is partnering with Tezos in order to develop its ecosystem.
  • Cold Vault and MPC technology are combined to offer clients top-quality cybersecurity.
  • GK8 supports secure tokenization for traditional assets.

GK8, the institution’s leading Cold Vault and MPC solution, for custody and DeFi as well as tokenization and support, announced that it would support the development of Tezos, an ecosystem-based Proof-of-Stake crypto protocol. GK8 was able to provide support for Tezos token standards through the Tezos Foundation grant.

Lior Lamesh is the co-founder of GK8 and also serves as CEO.

For mainstream adoption of blockchain, it is crucial to have high security and scalability. Tezos has these features and we are delighted to expand our support for them. We are eager to explore the vibrant Tezos ecosystem.

GK8’s regulation-ready solution utilizes a unique Cold Vault that can create, sign, and send blockchain transactions without the need for internet connectivity – the only solution in the market that can do so.

This system integrates the Cold Vault and a high-performance MPC wallet that can be used to perform high-frequency automated transactions. The system offers unparalleled security that is resistant to hackers. This is possible through the company’s patented deployment of unidirectional connection technology for crypto-wallets. The SOC 2 Type 2 certification by EY further confirms it.

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.” Tezos Foundation Head of Operations Roman Schnider said. He added, “it is an important building block for institutional interactions with the fast-growing number of DApps on Tezos.” GK8’s solution also aids the secure tokenization of traditional assets. This solution supports virtually all virtual machine-compatible layer-1 and layer-2 blockchains. Additionally, it provides access instantly to all smart contracts of supported layers. Customers can conveniently access insurance of up to $750 million per Vault due to the platform’s arrangement with AON. The current market cap is the largest.

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