Earlier today, Crypto Storage AG, a subsidiary of Crypto Finance AG, announced a partnership with the IOTA Foundation to offer the first multi-signature storage solution for high volumes of the MIOTA tokens worldwide. This solution is ideal for financial intermediaries and other IOTA partners working on different aspects of the project. Of particular interest, is that the new solution puts many institutional investors and beneficiaries at ease when it comes to the security of their IOTA tokens.
Stijn Vander Straeten, CEO of Crypto Storage AG, further explained how the partnership will work out:
Crypto Storage AG is proud to support the IOTA platform with our top-tier infrastructure, as we see rising demand with our clients and IOTA’s industry partners to enable the IOTA token without compromising on security.
About Crypto Storage AG and Its Digital Asset Storage Solutions
With this new partnership, clients of Crypto Storage AG will now be able to store their high volume of MIOTA digital assets securely. Such storage is one of the vital functions of Crypto Storage AG that handles the storage up to 60 different digital assets with facilities that fit the needs of institutional clients.
The team at Crypto Storage AG explains it as follows:
The Crypto Storage AG offers a proprietary infrastructure solution to manage private keys, both physical and digital, on highest grade hardware security modules with detailed configuration options for individual and role-based access control.
The Approval Framework is implemented using hardware Approval Terminals and is independent of the underlying assets. The infrastructure is developed in Switzerland and offers financial intermediaries a tailor-made, secure and flexible solution for securely managing digital assets.
As earlier mentioned, Crypto Storage AG is a subsidiary of Crypto Finance AG that was founded in 2017. The group also provides blockchain related services through its two other subsidiaries of Crypto Fund AG (Asset Management) and Crypto Broker AG (Brokerage).
What are your thoughts on the partnership between the IOTA Foundation and Crypto Storage AG? Will it usher in more institutional investors who have interest in investing in MIOTA and IOTA Foundation related projects? Please let us know in the comment section below.
Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.