Diginex, a blockchain financial services and technology company, today announced the launch of Digivault, offering digital asset custody services to meet the rigorous requirements of institutions.
This comes at a crucial time for the digital asset industry as losses from thefts, scams and misappropriation of funds totaled US$4.26 billion so far this year.
Digivault will provide a vaulted cold storage solution for a range of digital asset holdings including Bitcoin and Ethereum through its Kelvin offering. The product will offer enterprise-grade security, operate to global standards and provide a highly secure means of processing and storing digital assets.
Digivault has built scalable infrastructure for digital assets that meets the expectations and standards of institutional players. “A lack of highly secure, institutional-grade custody solutions has prevented widespread adoption of this asset class by institutional players. Our unparalleled security measures will provide peace of mind to investors who have an appetite for this burgeoning asset class.” said Mr. Richard Byworth, CEO of Diginex.
Digivault’s Kelvin will offer secure, digital asset deep cold storage infrastructure inside the vaults of leading storage provider Malca-Amit. This cooperation enables Digivault to store client assets next to gold and silver in vaults that meet the highest grades of bank-entrusted vault classification and to store client assets in select locations in Europe and Asia.
“Our goal is to provide air-tight cold storage custody solutions for sophisticated investors with Kelvin. There is a gap in the market for a top-calibre custody cold storage solution that nullifies human risk, removes the ability for staff exploitation through criminal action such as kidnapping and removes all online electronic attack vectors, which we see as the key points of compromise in market offerings to date.” said Mr. Robert Cooper, Chief Executive Officer of Digivault
Digivault’s completely air-gapped transaction process elevates the need for conventional USB devices, or any other electronic device, to safeguard assets from the threat of hacks, the elimination of WiFi/Bluetooth/NFC capabilities reinforces this securitization. Digivault’s deep storage cold solution is based on well-established methods using Hardware Security Modules (HSMs) to safeguard digital assets by way of securing private keys using physical objects (key cards).
“In order to develop this infrastructure, we have leveraged the custody practices employed in the safekeeping of rare diamonds and ultra-precious metals. We have developed the Digivault infrastructure with 360-degree view of security, this nexus of security protocols have been devised leveraging the expertise of cross-sector finance as well as digital asset and security experts,” added Mr. James Byrne, Chief Technical Officer at Digivault.
Heather Dale, Diginex, E: [email protected], Tel: +852 9274 3312
Diginex is a blockchain financial services and technology company. Diginex partners with institutional investors, corporations and governments to make digital assets more accessible, business processes more efficient and secure. Diginex believes its collaborative approach and pursuit of global cooperation is optimal to drive institutional adoption of blockchain technologies and the regulated use of digital assets. For more information on Diginex, please visit www.diginex.com
Digivault was founded in December 2018 in London by a team of IT solution delivery experts from the finance and security sectors to deliver enterprise-grade cold, and warm, digital asset custody solutions that would operate in harmony with one another. As a Diginex Group company, Digivault is able to support both internal and external clients with the same exacting standards. Digivault’s Secure by Design mantra is cemented by internationally recognized standards and accreditation. Digivault is Cyber Essential Plus accredited and is seeking ISO27001 Information Security Management accreditation and alignment to the worldwide Payment Card Industry Data Security Standard (PCI DSS). For more information visit: https://www.digivault.com/