Leading digital asset custody platform GK8 recently integrated its proprietary, end-to-end solution with premier blockchain development platform Polygon to offer financial institutions scalable, affordable, secure, and sustainable access to the Web3.0 ecosystem. GK8 customers are now able to seamlessly manage and monetize their Polygon and $MATIC holdings directly through GK8’s institutional-grade digital custody solution.
“We are happy to offer our customers ‘out of the box’ support for Polygon’s layer-1 protocol, including Polygon’s layer-2 smart contracts, ERC-20 tokens on top of Polygon, dApps, DeFi, and $MATIC cold staking,” says Lior Lamesh, CEO and Co-Founder of GK8. This integration affords our customers more agility in managing their crypto assets, which is key to creating new revenue streams.”
Today’s crypto market is in flux, creating additional challenges in digital-asset management traditional and crypto-native institutions. On one hand, institutions need an end-to-end management solution providing the maximal agility required to take advantage of market upsides.
But on the other hand, they necessitate an enterprise-grade, battle-tested solution capable of providing secure custody for their most precious assets. Finally, they need a strategic technology partner to help them build the infrastructure required to leverage the high-growth potential, drive new revenue streams, and maintain a competitive advantage.
GK8’s regulation-ready solution includes both a Cold Vault as well as an MPC vault. The company’s unique Cold Vault is the only solution available on the market that can create, sign, and send blockchain transactions without an Internet connection. This grants institutions an unprecedented level of security and leaves no openings for hackers to exploit. The Cold Vault is paired with a patented high-performance MPC wallet used for high-frequency automatic transactions.
As more and more businesses realize the benefit in tokenizing physical assets, GK8’s solution also supports the secure tokenization of traditional assets. Furthermore, GK8’s platform also features general support for all Ethereum Virtual Machine-compatible layer-1 blockchains (including Polygon), and grants users instance access to all layer-2 smart contracts on supported chains. The platform has an arrangement with AON for financial institutions to quickly and easily access insurance for their digital assets of up to $750 million per vault, the highest in the market.
Polygon, with close to 40,000 decentralized apps (dApps) in the works, brings scalable, affordable, secure, and sustainable solutions to the Ethereum ecosystem. As an Ethereum scaling platform, Polygon enables developers to build user-friendly dApps at scale with reduced gas fees without compromising on security. Polygon is the most recent protocol to be integrated by GK8. Now GK8 customers can retain the agility and flexibility needed to seamlessly provide custody and DeFi services on top of the Polygon blockchain and the $MATIC token.
“We are excited to be integrated into GK8’s infrastructure,” says Arjun Kalsy, VP of Growth at Polygon. “This integration gives GK8 customers added agility and the flexibility they need to manage the diversity of their portfolio, all without any additional R&D or integrations. Institutions can now access staking, cold staking, and DeFi protocols directly from GK8’s digital asset custody solution. At Polygon we will continue to build our ecosystem and ensure that our builders have access to the best in class infrastructure.”
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Source: https://thecryptobasic.com/2022/08/24/gk8-integrates-with-polygon-to-provide-affordable-secure-and-scalable-access-to-web3-0/?utm_source=rss&utm_medium=rss&utm_campaign=gk8-integrates-with-polygon-to-provide-affordable-secure-and-scalable-access-to-web3-0