GK8, the leading institutional-grade digital asset custody platform with DeFi, staking, NFT, and tokenization support, announces its proprietary, end-to-end solution is now integrated with Polygon, a leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3.0. Polygon effectively leverages Ethereum’s ecosystem, the biggest multi-chain system in the world, in a more scalable, secure, and powerful manner.
With over 37,000 dApps in production, Polygon is an integral member of the Ethereum community with a rapidly growing community of its own. Polygon is the latest protocol to be integrated by GK8. From this day forward, GK8 customers retain the agility and flexibility needed to seamlessly provide custody and services on top of Polygon blockchain and the $MATIC token.
Arjun Kalsy, VP of Growth at Polygon says “We are excited to be integrated into GK8’s infrastructure. 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.”
Today’s crypto market is in flux, creating additional challenges in digital-asset management for traditional and crypto-native institutions. On the one hand, institutions need an end-to-end management solution providing the maximal agility required to take advantage of market upsides. On the other hand, they require an enterprise-grade, battle-proven 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 edge.
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 on the market that can create, sign, and send blockchain transactions without being connected to the internet, granting institutions an unparalleled level of security and leaving no openings for hackers to exploit. The Cold Vault is paired with a patented high-performance MPC wallet used for high-frequency automatic transactions.
GK8’s solution also supports the secure tokenization of traditional assets, features general support of all Ethereum Virtual Machine-compatible layer-1 blockchains (such as Polygon), and grants users instant access to all layer-2 smart contracts on supported chains. The platform has an arrangement with AON for customers to quickly and seamlessly access insurance of up to $750 million per Vault, the highest in the market today.
“We are happy to offer our customers ‘out of the box’ support for the Polygon’s layer-1 protocol, including Polygon’s layer-2 smart contracts, ERC20 tokens on top of Polygon, dApps, DeFi and $MATIC cold staking,” says Lior Lamesh, CEO and Co-Founder of GK8. “Polygon is yet another example of GK8’s ‘out of the box’ support of EVM protocols. This integration affords our customers more agility in managing their crypto assets, which is key to creating new revenue streams.”
GK8 offers both traditional and crypto-native institutions an end-to-end platform for managing blockchain-based assets. The company developed the world’s first true Cold Vault that enables its clients to create, sign, and send secure blockchain transactions without internet connectivity, eliminating all cyber attack vectors. Chosen by Mastercard to help it define the future of blockchain finance and payments, GK8 serves clients managing billions worth of digital assets, including social investing network eToro, Securrency, a blockchain fintech company backed by State Street, U.S. Bank, WisdomTree, and Abu Dhabi Catalyst Partners, Tezos Foundation, and Prosegur, one of the world’s largest custodians with more than $400B assets under management.
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.