The New York based Galaxy Digital Holding Ltd announced its acquisition of GK8, a secure institutional digital asset self-custody platform. GK8 is a leading technology provider for organizations looking to safeguard their client’s Digital assets with the highest possible security.
Galaxy Digital Holding Ltd intends to support GK8’s ongoing operations to offer unique “self-custody” technology to the world’s leading financial services companies.
Using patented technology provided by GK8, the institutions can securely store cryptocurrencies and conduct blockchain transactions without connecting to the Internet.
Mike Novogratz, founder and CEO of Galaxy said, “The acquisition of GK8 is a crucial cornerstone in our effort to create a truly full-service financial platform for digital assets, ensuring our clients will have the option to store their digital assets at or separate from Galaxy without compromising versatility and functionality,”
Furthermore, he also said, “Adding GK8 to our prime offering at this pivotal moment for our industry also highlights our continued willingness to take advantage of strategic opportunities to grow Galaxy in a sustainable manner.”
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