Galaxy Digital Holding Ltd., which has its headquarters in New York, has made announced its purchase of GK8, which is a safe platform for institutional digital asset self-custody. GK8 is the go-to technology solution for businesses who want to provide the greatest level of safety for the digital assets of their customers.
Galaxy Digital Holding Ltd plans to provide assistance for GK8’s continuous activities in order to provide world-leading financial services organizations with a one-of-a-kind “self-custody” technological solution.
Without needing to connect to the internet, the institutions’ proprietary technology from GK8 enables them to safely store cryptocurrency and participate in blockchain transactions.
“The acquisition of GK8 is a crucial cornerstone in our effort to create a truly full-service financial platform for digital assets,” said Mike Novogratz, the founder and CEO of Galaxy. “This will ensure that our customers will have the option to store their digital assets at or separately from Galaxy without compromising the versatility and functionality of either option,” Novogratz added.
In addition to this, he also said, “Adding GK8 to our premier offering at this important juncture for our industry also reflects our continuous desire to take advantage of strategic opportunities to build Galaxy in a way that is sustainable.”
Compiled by Coinbold