GK8 integrates with Hedera Hashgraph to boost its security infrastructure

By Leandra Monteiro

GK8, a cybersecurity company that offers high-security custodian technology for managing and safeguarding digital assets, announces its proprietary end-to-end custody solution, designed for banks and financial institutions, is now available for institutional customers that want to offer custody of Hedera’s native HBAR and HTS-based tokens. With an ability to process 10,000 transactions per second, asynchronous Byzantine fault tolerance security, and its advanced governing council, the Hedera network is already among the world’s most-used public distributed ledger network.

With Avery Dennison, Boeing, Chainlink Labs, Dentons, Deutsche Telekom, DLA Piper, EDF (Électricité de France), eftpos, FIS (WorldPay), Google, IBM, LG Electronics, Magalu, Nomura Holdings, Shinhan Bank, Standard Bank Group, Swirlds, Tata Communications, University College London (UCL), Wipro, and Zain Groupon the Hedera Governing Council, Hedera Hashgraph aims to set the next standard for the global token economy. GK8’s compliance and governance-ready solution will work to protect the assets of Hedera’s enterprise users.

The GK8 Cold Vault enables the user to authorize a transaction without connecting to the internet, operates on a unidirectional basis, removing all cyber-attack vectors  – paired with a patented Multi-Party Computation for scalable, high-frequency transactions. This integration will allow Hedera’s enterprise users to manage their own assets, generate new revenue streams, and generally embrace digital assets in a secure, compliant, and performant manner. GK8 has an arrangement with AON UK which enables GK8 customers to seamlessly access the largest insurance coverage in the market today, which is upwards of $500 million per vault.

“We are thrilled to partner with Hedera Hashgraph, one of the most promising distributed ledger networks,” says Lior Lamesh, CEO and Co-Founder of GK8. “This collaboration provides an additional level of security for Hedera-based digital assets, enabling more enterprises and financial institutions to push forward into the digital ecosystem.”

“As the distributed ledger technology market continues to mature, an increasing number of organizations are looking for enterprise-grade, self-managed custody solutions,” said Azeem Malik, Vice President of Global Business Development for Hedera Hashgraph. “We are pleased that the protection granted by GK8’s custodial technologies will now be available to a wide set of HBAR and HTS-based token users, thus furthering the growth of the industry’s most used, enterprise-grade public network.”