$50 billion asset custody platform GK8 enters Brazil with licensing deal
Brazil is becoming a hotbed for crypto adoption, with the country's tax authority recently claiming that more than 12 000 businesses own digital assets.
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Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand the offering of cryptocurrency products in Brazil – a move that, according to two companies, would support continued adoption in Latin America's largest economy.
Under the partnership agreement, GK8 will license its institutional-grade custody platform to 2ND Market to give Brazilian users access to a wider range of crypto products and services. In particular, 2ND Market will leverage GK8's integration with MetaMask Institutional, a multi-custodian wallet, to provide users with access to decentralized finance (DeFi) and Web3 crypto assets.
Founded in 2018, GK8 manages approximately $50 billion in digital assets (up from $1 billion two years ago) and uses an isolated Cold Vault to eliminate cyberattacks. The company has established custodial partnerships with crypto trading platform INX, blockchain network Stellar, and the
Brazil is becoming a hotbed for crypto adoption, with the country's tax authority recently claiming that more than 12 000 businesses own digital assets.
New
Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand the offering of cryptocurrency products in Brazil – a move that, according to two companies, would support continued adoption in Latin America's largest economy.
Under the partnership agreement, GK8 will license its institutional-grade custody platform to 2ND Market to give Brazilian users access to a wider range of crypto products and services. In particular, 2ND Market will leverage GK8's integration with MetaMask Institutional, a multi-custodian wallet, to provide users with access to decentralized finance (DeFi) and Web3 crypto assets.
Founded in 2018, GK8 manages approximately $50 billion in digital assets (up from $1 billion two years ago) and uses an isolated Cold Vault to eliminate cyberattacks. The company has established custodial partnerships with crypto trading platform INX, blockchain network Stellar, and the
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