Onchain Custodian (ONC) has expanded its digital custody offering with the latest release of its SAFE platform, integrating cryptography services on an infrastructure hosted by IBM.
The digital asset custody SAFE platform complements its cold storage offering with a wallet management service underpinned by the IBM Cloud Hyper Protect Crypto Services, OnChain Custodian explained.
IBM Cloud Hyper Protect Crypto Services allow for secure key generation and protection of key, with only Onchain Custodian having access.
Additionally, the platform update enables digital asset exchanges, fund managers, and projects, among others, to outsource partially or fully the safe hosting of their wallets.
Meanwhile, it securely automates transaction flows based on threshold and other security measures, Onchain Custodian revealed.
Alexandre Kech, CEO of Onchain Custodian, said: “Onchain Custodian can focus on building the best execution platform and user experience with our technology provider Onchain while IBM provides us with the best HSM on cloud solution in the market to securely host, maintain and operate our SAFE key management infrastructure.”
Rohit Badlaney, director of IBM Z as a service, commented: “By taking advantage of IBM Cloud Hyper Protect Services, Onchain Custodian can build a highly resilient and secure cloud-based solution that digital asset custody deserves. Supporting custodians like Onchain Custodian is an ideal use case for IBM Cloud Hyper Protect Services.”
Da Hongfei, board chair at Onchain Custodian, added: “Since our debut, we have been relentlessly growing our customer base and open finance service offering with our curated partners. With our enhanced custody solution now live, Onchain Custodian is ready to expand further. We are looking for strategical investors to accelerate our scaling.”
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