Digivault, a subsidiary of Nasdaq-listed crypto company Diginex, has launched a new permanently live warm custody solution.

Called ‘Helios’, the company says the new solution features hardware protection of networks, is operated from ‘military-grade secure locations’ and offers protection against key duplication and theft.

The new solution is seamlessly integrated with Digivault’s Kelvin cold storage solution, which launched in 2019. This offers clients the ability to store digital assets next to gold and silver in real vaults in Asia and Europe. The company says the solution is compliant with the UK government-backed Cyber Essential Plus Certification.

Digivault, describes Helios as a ‘warm custody’ solution – in that it does allow online access to the assets, like a ‘hot custody’ solution, but the keys are stored in a protected hardware device rather than on the server.

Diginex is scheduled to go public through a reverse merger with investment holding firm 8i Enterprises Acquisition Corp, after getting the green light from the United States Securities and Exchanges Commission.

AYO.NEWS says:

In an increasingly insecure and unstable world, top-grade secure custody solutions like this are going to be pivotal to enable widespread institutional adoption of digital assets. With the world now bracing for an unprecedented economic collapse thanks to COVID-19 triggered lockdowns, if cryptocurrencies do prove to be the safe haven assets many expect them to be, Digivault could find itself very busy indeed!

AYO.NEWS says features the opinion of the author and does not necessarily reflect the views of Pentagon Digital Limited.

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