Ledger Vault Early Access Program For Enterprise Digital Asset Security Opens

A strong group of digital asset investors, consisting of 6 people, mostly traders and system providers made and announcement that their participation in a newly developed security protocol and solution for compliance to use for digital assets. The new cryptocurrency leader ledger, a program for early access users in the ledger vault, which is one of the first business grade security solution for virtual assets.

Genesis Trading Global Advisors, LCX, IronClad Capital, XBTO, and Smart Valor are all Participating in the Ledger Vault’s program for early access.

Capitalization of more than $300 Billion has been accumulated by the top ten virtual assets. It’s focused primarily around institutional investors who are looking for new avenues to help gain exposure to on a rapidly growing value class. As of now, 1 in 5 finance firms is now considering using cryptocurrency as one of the potential investments new clients can take advantage of.

Even though there has a been a quickly growing number of specialty virtual assets investment operations and businesses popping up, new banks being compliant with crypto and other similar things happening, investors still have an issue when it comes to serious compliance systems and safety protocols to help protect their assets. As of now, the virtual asset investors are facing a massive number of safety and security issues. These issues include activities like hacking as well as physical safety issues like kidnapping.

“The secure enterprise solution for custody of crypto assets such as ledger vault is in combination with regulatory approval as the winning formula in the crypto space today and we are excited to be the first Financial Intermediary Company to achieve this.” Stated Olga Feldmeier, Smart Valor’s CEO and head of operations. The company is on a near breakthrough of taking on the title of Financial Intermediary (AML-License) in Switzerland, thereby enabling it to give possession of services to third party vendors.

“We are capitalizing on the regulator solution previously achieved here in Switzerland to ensure that our customers have not only secure solutions, but also to ensure that we’re operating in a fully compliant environment,” reported Felder, someone who has led the process of licensing companies like XAPO, on of the largest custodians of Bitcoin in the world today.

Even though retail investors are easily able to keep virtual assets safe as well as digital hardware wallets, the products still don’t quite have what it takes. They are seriously lacking the core features needed for a business environment. Another bonus is Ledger Vault will keep investors protected from risks associated with operations like the trading of digital assets, thereby allowing custodians and managers to easily trade the new class of currency without compromising safety. This is the first time in history this happened.

The Ledger Vault Abilities:

  • Asset security through HSMs or Hardware Security Modules.
  • Quality support for various currency types and virtual assets.
  • Approval is made through several signature approvals, thereby giving oversights into compliance with each individual transaction through the use of granular controls and approval options.

Three Core Components Make up the Values of the Vault:

  1. Hardware Security Modules are used to support HSMs which ensure master a master seed is used to keep individuals keys authentic that operate the Vault for most instances.
  2. A brand-new system for authentication that use multiple angles to verify and transactions with each device controlling its own personal transaction key is being used.
  3. A powerful software package that has been used by private investors and traders to manage personal transactions will also be used.

The Ledger Vault is basically the only digital asset, safety, security solution that gives investors the total and complete control of their personal assets. In the near future, Ledger will work with several other companies to test the hardware and complete its development that will guarantees safety and security is enhanced for the Ledger Vault system later in 2018.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide