Bitstamp, a leading cryptocurrency exchange with offices in Luxembourg, London, and New York, today announced that it is integrating Ledger Vault’s technology to enable advanced custody options.
Ledger Vault will provide flexible wallet infrastructure technology that will allow Bitstamp to set up a sophisticated and secure custody system with end-to-end hardware-backed transfers and a strong multi-authorization governance model, ensuring there are no single points of failure and allowing better management of assets in storage.
“Providing the ultimate level of security is our top priority and different types of customers have different requirements regarding storage. To provide the best possible service, we decided to integrate an additional secure crypto solution to custody digital assets. Ledger Vault’s state of the art tech will allow us to provide more options when it comes to the way assets are stored, without compromising security or performance.”
– David Osojnik, Bitstamp CTO
The exchange will use Ledger Vault’s advanced storage technology to further enhance the security for custody of crypto assets, last week Bitstamp informed it will utilize BitGo for user account custody.
“Bitstamp approached us as they were seeking a solution to secure their crypto assets without compromising on liquidity. The Ledger Vault solution addresses their need thanks to a technology that combines hardware (Hardware Security Modules and Personal Security Devices) and software (segregation of duties, governance rules and workflows). The Vault not only provides Bitstamp with the asset security they needed, but also with a set of business processes to support their growing exchange.”
– Alexandre Lemarchand, vice president of global sales at Ledger