Israel-based cybersecurity firm GK8 has entered into a mutually beneficial partnership with the Stellar Foundation to incorporate the blockchain network’s native token, the Stellar Lumen (XLM), into its custody solutions. As announced Stellar’s integration is based on the decentralized nature of the blockchain as well as its speed, scalability and its uniquely sustainable network for financial products and services.
The partnership brings GK8’s proprietary end-to-end custody solution that enables users of the Stellar Network, particularly institutional investors, to execute or authorize transactions without the need for an internet connection. The custody solution has removed any loopholes that predispose it to cyberattacks. In addition, transactions that are initiated are subject to greater scalability and at the same time enable high transaction frequencies.
GK8 customers and users have easy access to digital assets in the most secure, compliant and high-performance way.
Make blockchain multifunctional in order to promote acceptance
There are a number of blockchain-based infrastructure service providers work to create new and simple solutions aimed at advancing the path to mainstream adoption of a wide range of cryptocurrencies. While many are focusing on the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH), startups like GK8 are reshaping the prospects of other altcoins.
With the Stellar GK8 partnership, a number of the latter company’s customers who have grown by 400% will now have access to interact or transact with the Stellar blockchain.
“We are proud to add Stellar to our already robust solution,” said Lior Lamesh, CEO and co-founder of GK8. “Your vision of uniting the world’s financial systems fits in perfectly with our proprietary end-to-end custody solution. Institutions using Stellar will be able to generate new revenue streams, digitize assets, trade and convert currencies as they are broadcast. “
Companies on GK8’s list that find the new partnership valuable include a social trading platform, eToro, AON UK and Prosegur, one of the world’s largest custodians with more than $ 400 billion in assets under management.
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About the author
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about the real world applications of blockchain technology and innovations to drive general adoption and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain-based media and websites. Benjamin Godfrey loves sports and agriculture. Follow him on Twitter, Linkedin