(Fort) Knox: token soft announces the launch of the Security Token Wallet for institutional investors

the token soft announced via press release the Beta launch of its mobile Wallet Security Token. The target was institutional crypto-investors with a reliable and safe custody solution for digital assets to enter assets.

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31. January 2019BTC$3.406,85 -1.47%part Facebook Twitter LinkedIn xing mail

security aspects relevant in the crypto-Space is likely to in the future, more and more importance gain. In the past year alone, attackers Token and Coins were able to capture the equivalent of one billion US dollars. In short: investing in crypto-Assets are not note the common Best-Practice rules still catch a risky. In particular, Exchanges are vulnerable to Hacking attacks. Just this week, BTC-ECHO reported on a critical vulnerability in local bitcoins, which is likely to have brought six account holders to your crypto-assets.

Such messages are of course grist to the mill of the Blockchain-skeptics – but most of all they should for the market institution, not entry of institutional investors conducive to. Thus, professional investment firms, and large asset managers to throw their weight into the scales, must therefore secure custody methods. Token soft is preparing to provide exactly that.

A Wallet is to keep all the

As the U.S. company writes in a press release, the Beta Version of their Hardware Wallet, Knox on Tuesday, the 29. January, live. Company information, investors can store digital assets, such as Security tokens, but also the "standard" crypto-currencies such as Bitcoin and Ethereum on the Knox Wallet.

the company wants to guarantee maximum safety. The launched wallet combines many elements of secure Wallets: Only authenticated users can unlock the mobile Cold Storage Wallet, and the stored Funds to access.

Read also: The 5 big opportunities for Bitcoin in 2019

token soft own, according to institutional investors. In terms of security risks when Storing crypto assets Mason Borda, in his capacity of CEO of tokens soft:

said, "Now, as real assets, enter values in the Blockchain world, it is important to protect them with the same level of security as traditional assets. This is of crucial importance. Because it is only in the first three quarters of 2018, almost a billion US was stolen from dollars to crypto-currency of hackers.“

The scene needs to be a grown-up, token soft seems to have understood that.

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