Archax and Unbound Tech have partnered to launch a digital asset custody service.
Unbound’s distributed trust platform splits cryptographic keys into parts, eliminating the single point of compromise for the most sensitive of assets.
According to Archax, the software solution negates the need for hardware wallets, while providing better security and flexibility.
Graham Rodford, CEO of Archax, commented: “Unlike most crypto venues, our custody service is totally segregated from the Archax exchange, and this, coupled with the unrivalled capabilities of Unbound’s technology, means we can offer exactly what institutions need.”
He added: “We did an extensive evaluation of the custody partners that were suitable for us and Unbound met all our requirements and more.”
Yehuda Lindell, CEO of Unbound Tech, said: “Our digital asset protection platform provides an innovative approach to protecting digital assets by creating and using fragmented private keys without ever unifying them, delivering both security and speed for a seamless customer experience.”
He added: “Archax, with its institutional focus and plans to bridge the traditional and digital asset worlds, is an ideal partner to expand our market reach. We look forward to working with Archax while their product evolves.”
.jpg)