Diginex launches digital asset custody services 12 November 2019London Reporter: Becky Bellamy
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Blockchain financial services firm Diginex has launched its digital asset custody services offering.
Digivault will provide a vaulted cold storage solution for a range of digital asset holdings including blockchain and ethereum through its Kelvin offering.
Kelvin will offer secure, digital asset deep cold storage infrastructure inside the vaults of Malca-Amit.
Robert Cooper, CEO of Digivault, commented: “Our goal is to provide air-tight cold storage custody solutions for sophisticated investors with Kelvin.”
Cooper suggested that 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”.
The product will operate to global standards and provide a secure means of processing and storing digital assets.
Richard Byworth, CEO of Diginex, explained that 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”.
James Byrne, chief technical officer at Digivault, added: “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.”
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