GK8 is a cybersecurity fin-tech that offers financial institutions an end-to-end platform for managing blockchain-based assets on their own. It brings a radically new approach for securing digital assets, including the world’s first TRUE air-gapped vault which enables running secure blockchain transactions without being connected to the internet – eliminating any potential attack vectors.

Security

GK8 provides financial institutions an on-premise, end-to-end custodial technology for managing and safeguarding digital assets. Its security solutions are based on patented technologies that bypass core assumptions and eliminate attack vectors, making it impossible for hackers to access digital assets.

Founded by elite Israeli cyber intelligence veterans, Lior Lamesh and Shahar Shamai, GK8 has developed a radically new approach to securing digital assets. Its patented technology allows users to sign blockchain transactions without an Internet connection, thus eliminating critical attack vectors. This enables the company to secure both hot and cold wallets, as well as facilitate services such as automatic reconciliation, staking, DeFi, trading, and tokenization.

In a move to enhance its cybersecurity offerings, Galaxy Digital has agreed to acquire GK8 for an undisclosed sum. Its founders will remain on board to lead the company’s custodial technologies business. The deal is expected to close in 2021. The Finyear Daily is a selection of the day’s best news and expertise in digital finance, corporate finance and crypto finance.

Games offered

Gk8 Gaming is at the forefront of innovation in the gaming business. It works with driving game designers and programming suppliers to guarantee a broad scope of games that meet numerous tastes and inclinations. Its commitment to innovation and vivid ongoing interaction encounters additionally offer players boundless potential to discover an ideal gaming arrangement.

In addition to its gaming offerings, GK8 also offers a number of secure transaction solutions, including cold storage and multifaceted authentication. This is important for gamers because it provides them with an extra layer of security that helps keep their gaming ventures as safe and private as possible.

Galaxy Digital recently announced it would purchase GK8’s institutional digital asset self-custody solution. It will retain GK8 co-founders Lior Lamesh and Shahar Shamai, who will manage the platform’s custodial solutions offering. They will continue to provide support and guidance to customers as they use the service. This acquisition marks Galaxy’s entrance into the cryptographic assets space.

Customer support

GK8 is a secure, institutional digital asset self-custody platform with DeFi, staking and tokenization support. The company is backed by MasterCard Start Path, Israel Innovation Authority, iAngels, and others. Its proprietary solution provides out-of-the-box security including universal support for all EVM-compatible layer-1 blockchains, including Polygon, and grants customers instant access to all layer-2 smart contracts supported by these chains. GK8 also has an arrangement with USI to provide its clients with insurance coverage of up to $1bn per vault, the highest limit in the industry.

Galaxy recently agreed to acquire GK8 through a sale process in connection with Celsius’s Chapter 11 bankruptcy. The deal will allow Galaxy to expand its custody offerings and add an office in Tel Aviv. GK8’s co-founders, CEO Lior Lamesh and CTO Shahar Shamai, will remain to lead Galaxy’s custodial technologies business. They will be joined by a team of 40 engineers and cryptographers. The company is featured in 2 Expert Collections, which highlight companies that build, apply, and analyze blockchain and cryptocurrency technologies for business and consumer use cases.