Vaultavo Introduces Biometric Smart Card
Vaultavo, a decentralized, hardware-based solution designed to address vulnerability issues and support the institutional market’s security requirements, introduces Biometric Smart Card Based Crypto Custody Solution.
Vaultavo introduces Biometric Smart Card-Based Crypto Custody Solution. The world’s first biometric smart card, designed to protect digital currencies against hacking and outright theft.
Introduction
Vaultavo Inc. has created a patent-pending crypto custody solution to meet the security needs of the institutional market and its clients.
The Vaultavo Custody System combines the world’s first biometric digital asset custody smart card. With cutting-edge proprietary vaults and a secure SaaS digital platform. Access portals to produce a solution that reinvents custody as we know it today.
The integrated hardware and software solution safeguards digital assets by generating and managing the Blockchain private key on the bank-grade secure Vaultavo Card. A decentralized approach to security that mirrors cryptocurrencies, Web3, and DeFi. Differs from competing solutions that have attempted to provide security in a centralized manner.
The secure element of the Vaultavo Card is the solution’s base. Has EAL7 security certification, making it safer than most, if not all, alternative custody systems.
The Vaultavo Card Features
- The same size and thickness as a bank card
- a built-in biometric scanner
- an E Ink display
- a rechargeable battery
- Bluetooth, NFC, and USBC communication capabilities
The patent-pending system was created to overcome one of the most significant barriers to cryptocurrency’s growth. The vulnerability of online trading, transacting, and digital asset security. According to Chainalysis, a blockchain analytics company, illegal transaction volume increased for the second consecutive year in 2022, reaching an all-time high of $20.1 billion.
Management Quote
“Unlike other providers who have to trade off accessibility for security, the Vaultavo Custody Solution is designed to address all the challenges of crypto custody,” said Philip Meyer, CEO, Vaultavo. “Ours is the only solution that guarantees the highest grade of security while allowing for the easiest level of accessibility and use. It has the potential to make using digital currencies as commonplace as debit cards for institutions and their clients, thereby increasing participation in the new digital economy. This solution will go a long way to ensure that the long tail of crypto again starts trusting the industry.”
Vaultavo’s protected IP technology is fully configurable, enabling multiple custody and self-custody configurations and multiple use cases:
- Central banks, commercial banks, family offices and other businesses managing their own crypto portfolios
- Individual clients’ digital assets held by commercial banks or other institutions under segregated private keys
- A first-to-market feature: commercial banks and other institutions providing self-custody to their customers
- Stand-alone self-custody for the retail market
About Vaultavo Inc.
Vaultavo, based in New York and with facilities in London and staff in Hong Kong, South Africa and Malta, a fintech start-up focused on developing a crypto custody solution to support the adoption of digital currencies by institutions and their clients. The company’s solution addresses the vulnerability of online trading, transacting and protection of digital assets. Vaultavo offers digital currency holders the protection of cold storage security with the ease of access to their crypto assets akin to their use of a credit or debit card.
SOURCE
https://www.prnewswire.com/news-releases/vaultavo-introduces-biometric-smart-card-based-crypto-custody-solution-301742382.html
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