GK8, a cybersecurity and digital asset custodian, has partnered with fintech firm Securrency to offer banking purchasers with institutional-grade blockchain options.

The partnership facilities round GK8’s enterprise-grade custody options, which might be made obtainable to Securrency’s purchasers because the fintech firm continues to construct its tokenization infrastructure. Securrency’s predominant focus is tokenizing real-world belongings corresponding to shares, commodities and different securities.

Dan Doney, co-founder and CEO of Securrency, described GK8 because the “most safe custodial answer available in the market,” including:

“GK8’s design gives all-around safety and performance for enterprise-grade purchasers. By including the GK8 custodial answer to our community, we are able to now be sure that our clients’ belongings are protected to the very best requirements.”

Securrency is backed by State Avenue, U.S. Financial institution, WisdomTree and Abu Dhabi Catalyst Companions, suggesting that institutional gamers are safety tokenization extra intently. Tokenization refers back to the technique of turning issues into digital belongings by way of blockchain know-how. In finance, asset tokenization is alleged to have main implications for conventional establishments. As Cointelegraph’s Expert Take series explained:

“Tokenization implies that account administration and claims on belongings are pushed by cryptographic keys, versus account administration and asset administration by a system operator referred to as a financial institution. Although tokenization is extra than simply account administration and claims to an asset, it permits divisibility, fungibility and disintermediated enterprise capabilities, corresponding to asset switch.”

Associated: Security tokenization may be the next big use case for blockchain tech

Main cryptocurrency exchanges like Binance and FTX already provide tokenized safety choices. On these platforms, tokenized shares of Apple, Tesla and GameStop log greater than $1 million in each day volumes.