AIKON launching new multi-sig crypto wallet backed by Coincover, underwritten by Lloyds of London

AIKON's ORE Vault is scheduled for release this month...

AIKON launching new multi-sig crypto wallet backed by Coincover theft insurance

AIKON, a blockchain ID platform, has announced a strategic partnership with Coincover to develop its new flagship product — ORE Vault, which includes crypto theft insurance underwritten by Lloyds of London.

ORE Vault is an easy-to-use enterprise-grade crypto wallet with built-in multi-sig features…

Enterprises will be able to create multiple user wallets and assign transaction authorization and permissions; with flexible company departmental and employee requirements. Authentication policies can be created for each wallet, promoting transparency of transactions and wallet usage patterns.

Furthermore, ORE Vault enables enterprises with uninterrupted access to funds on multiple blockchains; and full control over their digital assets, passcodes, and private wallet keys. AIKON provides ORE Vault with non-custodial and hybrid wallets, fund security, and blockchain-innate personal information privacy.

“Multisig wallets are the gold standard of security in the world of cryptocurrency, but there’s always room for human error. Partnering with Coincover to offer an insurance-backed guarantee, Aikon allows companies to give their customers peace of mind in this dynamic, but intimidating new industry,” said Marc Blinder, CEO, AIKON.

Given the risks associated with holding crypto-assets, and the increasing number of enterprises now holding cryptocurrencies, AIKON released its ORE Vault feature set with Coincover’s FCA-regulated crypto-asset insurance-backed guarantee underwritten by Lloyd’s of London to offer a solution that solves market risk issues and to meet the demand for secure enterprise-grade crypto storage and management.

David Janczewski, Co-Founder & CEO of Coincover said, “We are delighted to be partnering with AIKON to provide theft cover as part of their ORE Vault offering. AIKON customers can now be even more confident that their cryptocurrency is safe and secure.”