Kryptonite 1, an investment company focused on the blockchain ecosystem has announced that the company has invested GBP 200,000 for 99,010 ordinary shares in Vo1t Ltd.
Vo1t is a digital custodian that stores blockchain-based digital assets including Bitcoin, Ethereum, Ripple, Zcash, Litecoin, Ethereum Classic and Bitcoin Cash. Vo1t offers its clients unique features including the ability to redeem assets within 120 minutes and a robust insurance offering. The high-security solution is currently running version 2.0 and is fully operational with their existing clients.
Kryptonite 1’s investment represents a fully diluted position of 5% in Vo1t and represents the first major round of external funding Vo1t has completed.
George McDonough, Chief Executive Officer of Kryptonite 1, commented:
“Custodianship of digital assets is in huge demand as more institutions handling client finances enter the ecosystem. Vo1t has pioneered a service, unrivaled by any other offering in terms of redemption and insurance, which we expect to become the leading custodial service in the blockchain space. As their first beta client and investor, we’ve worked closely with Vo1t to meet the needs and demands of institutional investors in this rapidly expanding new asset class and are looking forward to working with them moving forward.”
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