Mike Novogratz’s financial-services firm Galaxy has won an auction to purchase digital asset custodian GK8, which Celsius acquired for $115 million in 2021.
GK8 develops military-grade custody solutions to safeguard digital assets from hacker attacks. Its air-gapped vault allows users to send blockchain transactions while being 100% offline, eliminating critical attack vectors.
1. GK8 Trader
Gk8 provides digital asset cybersecurity and management. The company develops technology that enables sending blockchain transactions beyond the reach of hackers. GK8 is included in 2 Expert Collections.
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Galaxy Digital Holdings has won approval to acquire GK8, an institutional digital asset self-custody platform with Defi, staking, NFT, trading, and tokenization support. The deal is pending final court approvals.
2. GK8 Profits
GK8 Profits is a cybersecurity company that offers institutions an insuranbale solution for safeguarding digital assets. The company’s blockchain transfer technology, which is protected by five registered patents, bypasses core assumptions related to security and eliminates attack vectors.
GK8 has formed profound partnerships with major financial institutions like INX to safeguard their trading platform and provide insuranbale blockchain custody services. It also serves clients managing billions of dollars in digital assets such as eToro and Securrency, a cryptocurrency fintech backed by State Street.
3. GK8 Trading
GK8’s patented air-gapped cold vault allows institutions to sign and send blockchain transactions while completely offline, eliminating critical attack vectors that hackers can exploit. It also offers insurance coverage of up to $1 billion per customer.
Galaxy Digital’s purchase of the self custody platform will help it provide crypto lending, trading and staking services to customers. It will also work to support the continued adoption of cryptocurrency in Brazil.
4. GK8 Profits
GK8 Profits develops custodial technologies that enable financial institutions to securely manage digital assets. Its patented technology allows transactions to be sent to the blockchain without an internet connection, eliminating critical attack vectors.
Mike Novogratz’s Galaxy Digital has won an auction to acquire GK8’s institutional self-custody solutions. It will integrate them into its GalaxyOne platform.
The acquisition gives Galaxy a fully offline Cold Vault that meets military-grade standards and a patented multiparty computation (MPC) vault for high-frequency automatic transactions. It also adds an office in Tel Aviv and GK8 founders CEO Lior Lamesh and CTO Shahar Shamai to lead its custodial technologies business.
5. GK8 Trading Review
GK8 offers a secure institutional digital asset self-custody platform that includes the world’s first air-gapped cold vault, enabling institutions to securely sign and send blockchain transactions without internet connectivity and eliminate cyber attacks. The solution also provides general support of all EVM-compatible layer-1 blockchains and a high-scalability MPC wallet for high-frequency automatic transactions.
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6. GK8 Profits Review
GK8 offers a custody solution that allows financial institutions to store their digital assets in an air-gapped vault that sends blockchain transactions without being connected to the Internet, eliminating critical attack vectors. Its founders, Lior Lamesh and Shahar Shamai, are elite Israeli cyber intelligence veterans who previously protected the nation’s strategic assets.
Galaxy Digital has acquired GK8 in a deal that valued the Israel-based company at $115 million.
7. GK8 Profits Review
GK8 is a security company founded by elite Israeli cyber intelligence veterans. The founders of GK8 (Lior Lamesh, CEO and Shahar Shamai, CTO) understand that crypto wallets are not secure enough to protect the investments of institutions with a heavy responsibility to various stakeholders.
They have developed an air-gapped vault that allows for blockchain transactions to be sent without internet connectivity, eliminating critical attack vectors. This solution is regulation-ready and supports custody, trading, staking and tokenization for financial institutions.
8. GK8 Profits Review
GK8 offers financial institutions a security-first end-to-end digital asset management platform. It features a cold vault with patented technology that sends blockchain transactions without internet connectivity. The solution is regulation-ready and comes with insurance coverage of up to $1 billion per vault.
Galaxy recently acquired GK8, an Israel-based cybersecurity company, in a deal valued at $115 million. The acquisition is aimed at mitigating single points of failure and removing the ability for hackers to steal crypto assets.
9. GK8 Profits Review
As the latest cyber thefts of crypto assets have demonstrated, points of centralization are a target for hackers. GK8’s solution, a Cold Vault that can create, sign and send blockchain transactions without being connected to the internet, eliminates critical attack vectors.
The company’s founders are elite Israeli cyber intelligence veterans and they understand what it takes to secure digital assets. Their mission is to protect the future of finance through their end-to-end custody technology.
10. GK8 Profits Review
GK8 Profits is a cybersecurity company with a focus on digital asset custody technology. They offer an air-gapped solution that allows clients to send blockchain transactions while completely offline, eliminating critical attack vectors.
The company recently announced that it has been acquired by Galaxy Digital, a cryptocurrency custodial firm. The purchase price has not been disclosed. The deal is still pending regulatory approvals and other closing conditions.