Galaxy Digital Holdings, a financial services and investment management specialist in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, a secure institutional digital asset custody platform, for approximately $44 million.Â
Galaxy Digital Holdings (Galaxy), a financial services and investment management specialist in the digital asset, cryptocurrency, and blockchain technology sectors, has completed its acquisition of substantially all of the assets of GK8, a secure institutional digital asset custody platform, for approximately $44 million.
GK8’s technology aims to put custody of digital assets into the hands of the institutions that manage them and broadens ecosystem access by enabling staking, decentralised finance networks (DeFi), tokenisation, NFT support, and trading services. GK8 provides these services through its Cold and MPC vaults allowing institutions to securely manage their digital assets.
The Cold vault enables the execution of blockchain transactions without connecting to the internet, while the proprietary multi-party computation (MPC) vault enables automated transactions.
With the backing of Galaxy, GK8 will continue to develop and offer its digital asset custody solutions for institutions, including banks, trust companies, broker-dealers, hedge funds and trading platforms.
