Blockchain cyber security company GK8 announces partnership with Stellar
Blockchain cyber security company GK8 has announced a partnership with the Stellar network to provide Stellar with custody and tokenisation services.
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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