IOTA Foundation Joins Hands With Crypto Storage AG In A Bid To Offer The First Institutional-Grade IOTA Token
IOTA Foundation has partnered with Crypto Storage AG, a subsidiary of Crypto Finance AG, to offer a storage solution through an institutional-grade token, which will be the first-of-its-kind for the crypto company.
The storage solution is meant to help financial intermediaries, as well as other partners across various industries, work efficiently on concepts using the IOTA platform. The partnership will further allow both public and private investors, along with institutional beneficiaries and investors, a chance to manage their access to the IOTA tokens securely.
Speaking about the partnership, the CEO of Crypto Storage AG, Stijn Vander Straeten, had the following to say:
“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.”
The co-chair and co-founder of IOTA Foundation also had some kind words to say about the collaboration with Crypto Storage AG, noting that:
“Keeping data secure with infrastructure from Crypto Storage AG will contribute to the development of these concepts and the IOTA Foundation’s vision of supporting a machine-to-machine economy.”
What Does IOTA Foundation Bring To The Table?
Since it opened its doors in 2015, IOTA has had major achievements. Its Tangle, an open-source eco-system, has enabled the vision for Internet of Things. The company continues to help create concepts for various machines to share data securely, spanning across all major industries, from the automotive, supply chain, global trade, smart energy, eHealth, mobility, and humanitarian and government regulations.
What about Crypto Storage AG?
This collaboration allows Crypto Storage AD to add IOTA Foundation to its capabilities in cryptocurrency asset storage. Its clients will now be able to enable their business model using IOTA investments. Companies working with IOTA, on the other hand, will efficiently meet their compliance and institutional requirements.