GK8 will provide custodian services for Stellar

Israeli company GK8, which operates in the field of cybersecurity, will provide Stellar with XLM storage services, which in the future may increase the interest of large organizations in this cryptocurrency.

GK8
statedthat its patented custodial solution would allow large XLM holders to conduct transactions without an Internet connection. GK8 infrastructure can eliminate the risk of cyber attacks and enable scalable and efficient transactions.

We are talking about a cold wallet for storing cryptocurrencies with the ability to directly connect to the blockchain, which the company introduced in 2019. Through integration with Stellar, GK8 customers will be able to access XLM.

The total capitalization of the Stellar coin in the cryptocurrency market has exceeded $ 10 billion. Now the crypto asset is in 22nd place among the most popular cryptocurrencies, and its rate reached $ 0.4243 against the background of market growth.

“We are proud to have integrated with Stellar. The concept of this project is ideal for our custody service. Institutional investors investing in XLM will be able to generate new revenue streams, tokenize assets, trade and convert cryptocurrencies, ”said Lior Lamesh, co-founder and CEO of GK8.

Given the growing interest of many banks and financial institutions in services for storing cryptocurrencies, this year GK8 has become a partner of several large companies.

In August, Securrency, a firm interested in tokenizing goods and securities, began cooperating with GK8, and last month the company became one of the participants in the Mastercard Start Path program organized by the payment operator Mastercard.