Blockchain cyber security company GK8 announces partnership with Stellar
The integration will allow customers of GK8 to invest in the Stellar Lumen (XLM) token in a custodial setting, enabling offline transactions of the digital currency. GK8 said that the infrastructure eliminates the risk of cyber-attacks while also offering scalable, high-frequency transactions.
GK8 CEO Lior Lamesh said the partnership allows XLM’s institutional investors to “generate new revenue streams, digitise assets, trade, and transform currency as it’s sent.”
Stellar runs as a blockchain based payment network that branched away from the XRP protocol in 2014. XLM has a total market capitalisation of $9.8 billion, which places it 22nd among active crypto projects. The token has gained 23% over the week, according to CoinMarketCap.
GK8 has secured numerous high-profile partnerships over the past year as it expands its institutional blockchain infrastructure. Cointelegraph reported in August that State Street-backed Securrency collaborated with GK8 to expand its tokenised infrastructure, and GK8 has also partnered with Mastercard in its Startup Path program.
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