Diginex’s Crypto Custodian Launches Warm Wallet

Digivault, the digital asset custody subsidiary of Diginex, announced on Thursday the launch of Helios, a warm custody solution.

Warm storages are technically hot wallets but are more secure due to the usage of security measures developed for cold wallets.

As mentioned in the announcement, Helios can be integrated with Kelvin, the Cold Storage Cold Storage Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Cold storage is a computer system or mode of operation that is designed for the retention of inactive data, in this case private keys for cryptocurrencies. This helps put up resilient barriers against theft by hackers and malware, and is often a necessary security protocol especially dealing with large amounts of Bitcoin.In order to “own” a cryptocurrency, one must be in control of a cryptocurrency’s private keys. As such, private keys are long strings of random characters that can be used to se Read this Term platform of the company.

Commenting on the new product, Robert Cooper, chief executive officer of Digivault, said: “We are excited to unveil the next solution in our digital asset custody range. We have seen robust interest in our cold custody solution Kelvin and by adding warm custody with Helios, we believe we are truly paving the way for the institutional adoption of the digital asset class.”

“Our unparalleled security measures continue to provide peace of mind to investors and we hope it will encourage more investors to explore the vast benefits provided by this asset class.”

On-boarding institutions

Diginex rolled out its digital custody services in November last year. The custodian platform also received a Cyber Essentials Plus certification, ensuring the safety of the platform.

With its custody business, the company is targeting the lucrative institutional clients and hopes that the introduction of a warm wallet will see more institutional interest in the digital asset industry.

Meanwhile, the company is also set for making its Nasdaq Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term debut soon with the reverse merger deal with 8i Enterprises.

Diginex is also making high profile appointments and on-boarded many traditional finance veterans over the past few months.

Earlier this month, the company hired former UBS executive Chi-Won Yoon to head its business expansion in Asia.