Official Press Release

GK8 expands its footprint in the U.S. and UK with new hires, reporting 1,000% growth in revenue

GK8’s institutional-grade self-managed custody platform will power the operations of SolidBlock, JIC Bank, 2nd Market, and Proxibit

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Tel Aviv, Israel, March 2022 — GK8, the leading institutional-grade self-managed digital asset custody platform with DeFi, staking, NFT, and tokenization support, builds up its major momentum post its acquisition in Q4, 2021. In the past few weeks, the company onboarded four new clients, with its solution set to power the digital asset services of SolidBlock, a real estate tokenization service and marketplace, JIC Bank, a licensed international bank headquartered in Puerto Rico, 2nd Market, a Brazilian digital assets exchange, and Proxibit, an Israeli cryptocurrency trading platform. GK8 also announces a new long-term agreement extending its partnership with eToro, the leading global social investing network.  

In addition, GK8 is expanding its operations in the U.S. and the UK with new hires, senior sales leads who previously worked at Unbound (recently acquired by Coinbase). Michael Cimo will lead the U.S. operations as GTM Sales Executive, while Daniel Ibrahim will take over the UK and European markets as the Director of Sales for the region. The company is hiring for all departments globally.

The blockchain ecosystem continues to make its way into the mainstream, with more institutions looking to start working with the cutting-edge financial assets it brings to the table. At the same time, hackers and scammers are still plaguing the space, making it off with more than $14 billion worth of crypto in 2021. The persistent threat from hackers works as a key obstacle for institutional crypto adoption, as major players are wary of the involved risks and potential reputational losses.

GK8’s institutional-grade custody platform is designed to provide financial institutions with the highest possible security together with maximum versatility and functionality. With the latest deals signed, the solution will power the digital asset services of four more companies:

  • SolidBlock, a service helping real estate owners tokenize their properties and offer them to investors around the world, will initially rely on GK8’s Cold and MPC Vaults to store its native tokens. The company could expand the platform’s use to offer regulated custodial services to its clients further down the line.
  • JIC Bank, an international bank focused on retail clients and small businesses, will tap both Cold and MPC capabilities of GK8’s self-managed custody platform to offer its customers a suite of crypto services. 
  • 2nd Market, a Brazilian cryptocurrency exchange, will be using the Cold and MPC components of the GK8 platform to guarantee its traders and investors maximum security and access to a wide range of crypto assets and DeFi services.
  • Proxibit, an Israeli digital asset trading and investment platform, will be using both Cold and MPC functionality of the GK8 solution to protect the clients’ blockchain assets and integrate new coins and protocols into its portfolio.

GK8 also extends its partnership with eToro, a long-time client using its solution as the secure and flexible infrastructure powering its crypto services.With its support for a vast multitude of coins and all EVM-compatible blockchains, GK8’s solution gives eToro the crucial versatility it needs to service and expand its diverse customer base. 

GK8 signed all of the deals above after its acquisition. After the acquisition, the company continues to operate as an independent entity, now backed by an industry-leading giant helping it to scale up at a lightning-fast speed.

“The blockchain ecosystem is no longer the fringe, it’s the cutting edge of finance,” says Lior Lamesh, CEO and Co-Founder of GK8. “Everyone, from banks to fintech royalty and crypto-native innovators, wants a piece of the pie, but they also want to make sure they go in with the highest possible security. We’re gearing up for an anticipated spike in demand, expanding our team and adding new features to our product, to arm our clients with regulation-ready solutions that grant institutions the opportunity to do just that, unlocking new revenue streams without exposing themselves to risks. We are excited to be opening 2022 on such an explosive note.”

About

About GK8:

GK8 is a blockchain cybersecurity company that offers financial institutions an end-to-end platform for managing blockchain-based assets on their own. The company developed the world’s first true air-gapped Cold Vault that enables its clients to create, sign, and send secure blockchain transactions without internet connectivity, eliminating all cyber attack vectors. Recently acquired, the company continues to operate as an independent entity. Chosen by Mastercard to help it define the future of blockchain finance and payments, GK8 serves clients managing billions worth of digital assets, including eToro, currently at $10B market value, Securrency, a blockchain fintech company backed by State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, and Prosegur, one of the world’s largest custodians with more than $400B assets under management.

For more information, visit https://www.gk8.io

For more information: https://www.gk8.io/ 

Leadership

Lior Lamesh - CEO and Co-Founder
Shahar Shamai - CTO and Co-Founder

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Media Contact

Alona Stein

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