Acquired by Celsius for $115 million in 2021, GK8 is the leading Cold Vault and MPC solution for secure digital asset storage
GK8 supports Tezos token standards, EVM-compatible Layer 1 protocols, and a wide variety of digital assets
GK8 announces a grant from the Tezos Foundation and the onboarding of the Foundation as a client
Tel Aviv, Israel, March, 2022 — GK8, the leading institutional-grade Cold Vault and MPC solution for Custody, DeFi, Staking, NFT, and Tokenization support, today announced adding support for Tezos, a leading Proof of Stake blockchain protocol. The company was able to add support for Tezos token standards due to a grant from the Tezos Foundation, through which GK8 will continue to build critical infrastructure for the entire Tezos system.
“High security and scalability are crucial for mainstream blockchain adoption. Tezos brings those features to the table, and we are thrilled to be expanding support to their network. We look forward to delving deeper into the bustling Tezos ecosystem.” – Lior Lamesh, Co-Founder and CEO of GK8.
GK8’s regulation-ready solution consists of two key parts. It incorporates a unique Cold Vault, the only solution in the market that can create, sign, and send blockchain transactions without connecting to the Internet. The Cold Vault is combined with a powerful high-performance MPC wallet used for high-frequency automatic transactions. The company’s patented implementation of unidirectional connection technology for crypto wallets grants users an unparalleled level of security, leaving no openings for hackers to exploit. It is further validated with a Soc2 type 2 certification from the Big4 firm E&Y.
“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. It is an important building block for institutional interactions with the fast-growing number of DApps on Tezos.” – Roman Schnider, Head of Operations of Tezos Foundation.
GK8’s solution also supports the secure tokenization of traditional assets. It features general support of all Ethereum Virtual Machine-compatible layer-1 blockchains and instant access to all layer-2 smart contracts on supported chains. The platform has an arrangement with AON for customers to quickly and seamlessly access insurance of up to $750 million per Vault, the largest in the market today.
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 by Celsius Network for $115 million, 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 social investment platform eToro, 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
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com
About Tezos Foundation:
The Tezos Foundation is a Swiss foundation, supervised by the Swiss Federal Foundation Supervisory Authority which is part of the Swiss Federal Department of Home Affairs. The Tezos Foundation’s purpose is the promotion and development of new technologies and applications, especially in the fields of new open and decentralized software architectures including the promotion and development of the Tezos protocol and related technologies. For more information, please visit https://tezos.foundation
Lior Lamesh - CEO and Co-Founder
Shahar Shamai - CTO and Co-Founder