The Crypto Valley Association (CVA) has announced the publication of its Trusted Key Ceremony Guidelines. 

An initiative from the CVA’s Cybersecurity Working Group, it aims to improve awareness of the importance of protecting digital assets in a safe and secure way. 

The guidelines, designed to showcase best practices for safe and secure ‘key ceremonies’, will be officially unveiled during the ‘Demystifying Key Ceremonies’ free online event presented by the CVA’s Cybersecurity Working Group, taking place tomorrow, Tuesday, 7 July at 17:00 CET.

Contributors include security experts from digital asset custody technology providers such as Taurus Group and Ledger Vault, auditing firms such as PwC, and leading blockchain organizations and financial institutions such as SEBA Bank, and the event will provide a venue for the exploration of best practices that have defined the Crypto Valley’s emergence as a leading cryptocurrency and blockchain hub. 

The guidelines have been informed by the extensive experience of Working Group Members pertaining to the design, operation, and reviewing of key ceremonies for regulated institutional firms.

Commenting on the announcement, Chair of Cybersecurity Working Group at CVA and Head of Blockchain Risk Assurance at PwC Switzerland, Markus Perdrizat, said:

“With more and more financial assets locked up in cryptocurrencies, the need for a set of best practice standards regarding key ceremonies for cryptocurrencies has never been more pronounced. 

“Ultimately, the security of financial assets begins with the key ceremony – when the cryptographic secrets are created. From that point forward, the highest standards of security must be upheld. To this end, we are delighted to officially unveil our new guidelines to the world.”

While Board Member at the Crypto Valley Association, Emi Lorincz, said:

“The CVA Cybersecurity Working Group is firmly committed to setting the highest security standards and best practices with regard to product development, security audits, and key management within the blockchain and crypto realm. 

“The publication of the Trusted Key Ceremony Guidelines gives expression to this ongoing effort and captures the far-reaching ambition of the CVA to strengthen security levels in the crypto assets space more broadly, and to extend the accessibility of crypto assets.”

The mission of CVA’s Cybersecurity Working Group is to define and drive the adoption of security standards and best practices for blockchain projects, to provide a forum for Swiss-based blockchain security product and service companies, and to promote their adoption on the global market. 

The CVA key ceremony guidelines were collected and edited by Jean-Philippe Aumasson, Head of Security at Taurus Group and Maria Sommerhalder, Crypto Custody expert at PwC Switzerland, with contributions from the CVA Cybersecurity working group members.

The online event will be moderated by Emi Lorincz with the following panelists: Charles Guillemet, Chief Technology Officer at Ledger; Maria Sommerhalder, Senior Associate of Emerging Technologies Risk Assurance at PwC Switzerland; Jean-Philippe Aumasson, Head of Security at Taurus Group and Co-Chair of Cybersecurity Working Group at CVA; and Vassili Lavrov, Head of Blockchain Program Management at SEBA Bank.

To register for the event, visit: https://members.cryptovalley.swiss/events/37463 

The CVA key ceremony guidelines will be available for download at: https://members.cryptovalley.swiss/news/297452