Ledger Vault to secure critical digital assets for VirgoCX
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Ledger Vault to secure critical digital assets for VirgoCX 12 May 2020Toronto Reporter: Maddie Saghir
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Ledger Vault, a digital asset wallet, has been selected to secure VirgoCX, a Canadian fiat-to-crypto trading platform for both retail and institutional clients.
VirgoCX, which is registered with FINTRAC as a money service business, will integrate Ledger Vault’s digital asset management system into its platform to increase the security of cryptocurrency holdings.
Ledger Vault will provide the security infrastructure to protect VirgoCX digital assets for retail and institutional clients as the ecosystem expands and VirgoCX continues growing its footprint in Canada and worldwide.
According to Ledger Vault, this integration will help VirgoCX adjust its business operations to address the increased concern for the safekeeping of cryptocurrency assets from within the industry.
Ledger Vault’s platform creates a secure, flexible, and agile environment that enables the overflow of funds in, out, and within the exchange, allowing VirgoCX users to access their funds promptly.
Adam Cai, CEO of VirgoCX, commented: "We are thrilled to connect Ledger Vault's sophisticated infrastructure to the VirgoCX platform as this collaboration furthers our mission to become the most trustworthy trading platform in Canada and globally.”
Cai continued: "Ledger Vault's solution allows us to maintain full visibility and audibility over users' activity, while providing an unparalleled level of security for the assets in motion.”
Demetrios Skalkotos, global head of Ledger Vault, added: “Ledger Vault prioritises bringing the highest standards of security to our customers. With cryptocurrencies being an asset vulnerable to compromise, VirgoCX’s commitment to security alongside Ledger Vault’s technology allows for a seamless and secure trading experience giving investors the peace-of-mind that their digital assets are safe.”
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