Crypto Storage AG, a subsidiary of Crypto Finance AG, today announced a partnership with the IOTA Foundation as the first multi-signature storage solution available for high volumes of IOTA tokens.
This storage solution is designed to meet the needs of financial intermediaries as well as significant partners across a variety of industries working on concepts that use IOTA. The solution enables private and public investors, as well as institutional investors and beneficiaries, to securely manage access to IOTA tokens.
“Crypto Storage AG is proud to support the IOTA platform with our top-tier infrastructure, as we see rising demand with our clients and IOTA’s industry partners to enable the IOTA token without compromising on security.”
Started in 2015, IOTA as the goal of driving the future economy of interconnected and autonomous devices. Key elements in this distinctive approach include their distributed ledger called the Tangle, the open-source eco-system, and the vision of enabling the Internet of Things. IOTA is helping create concepts for machines to share data in automotive, mobility, eHealth, smart energy, humanitarian and government regulations, supply chain, and global trade industries.
“Keeping data secure with infrastructure from Crypto Storage AG will contribute to the development of these concepts and the IOTA Foundation’s vision of supporting a machine-to-machine economy.”
IOTA is a not-for-profit foundation incorporated and registered in Germany. The IOTA Foundation’s mission is to support the development and standardization of new distributed ledger technologies (DLT), including the IOTA Tangle. The IOTA Tangle is an innovative type of DLT specifically designed for the Internet of Things (IoT) environment. It is an open-source protocol facilitating novel machine-to-machine (M2M) interactions, including secure data transfer, no-fee, real-time micropayments, and the collection and dissemination of sensor-based and other data.
Crypto Storage AG and the Crypto Finance Group
Crypto Storage AG, a subsidiary of Crypto Finance AG, enables financial intermediaries and corporates to store more than 60 different crypto assets securely with an institutional-grade infrastructure solution.
The Crypto Storage infrastructure solution raises market standards by introducing a new security paradigm, with two layers of dedicated and redundant hardware devices. This set-up allows for a dedicated, independent, and highly flexible multi-signature framework. All transactions can be independently reviewed and approved on dedicated tamper-proof hardware. The Hardware Security Module, the Crypto Storage tamper-proof signing device, and the tailored software solution are all developed by leading Swiss providers with vast experience in finance and IT security.