CYBAVO, a leading provider of blockchain security solutions, and IKA BLOCK have announced that they have signed a partnership agreement. As part of the agreement, IKA BLOCK, a Hong Kong-based company that helps businesses innovate with blockchain technology, will expand its offerings to include CYBAVO’s digital asset operations management solutions, bringing CYBAVO’s trusted products closer to organizations in Hong Kong looking to expand into the blockchain industry.
Established in 2017, blockchain development company IKA BLOCK was co-founded by a team of experienced software engineers. It is the first blockchain technology company in Hong Kong focused on blockchain technology research, project development, wallet security, and the promotion of various blockchain projects.
Director of Blockchain Technology Harry Chan Kai Fung says, “the cryptocurrency market has developed rapidly over the past few years, and the foundation of it relies on the secure protection of these digital assets. We see a lack of secure institutional end-to-end solutions, and with the increased reports of crypto hacks, many traditional companies are hesitant to jump into the blockchain market. Therefore, ensuring the security of digital assets is of critical importance. With this partnership with CYBAVO, we are confident that we’ll be able to help more organizations protect their assets, and together welcome a new era of transformation from physical assets to digital assets.”
CYBAVO is a leading platform for secure digital asset management operations. Established in 2018 by a team of cybersecurity veterans, it provides the most advanced digital asset custody technology, integrating MPC technology, a custom security-hardened operating system, patented encryption technology, and a highly secure sandboxed environment to deliver its suite of solutions, including its flagship product, CYBAVO VAULT.
Its extensive list of enterprise customers include cryptocurrency exchanges, NFT marketplaces, cryptocurrency wallet providers, and fintech service providers. The company is insured by a S&P AA-rated global reinsurance company, and holds certifications for ISO 27001, SOC 2, and NIST’s Cryptographic Module Validation Program.