Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in and will be leading the upcoming Series A round of NGRAVE, a blockchain and digital asset security provider specialized in  user-friendly, maximum security solutions for crypto users, from creating keys to advanced key recovery. As Binance Labs announced its Strategic Investment in NGRAVE.

Founded in Belgium in 2018, NGRAVE has developed a 3-tier security suite made of ZERO. The connectionless touch-screen hardware wallet, LIQUID. The mobile app that connects users real-time to the blockchain, and GRAPHENE. The stainless steel encrypted and recoverable backup that ensures users never lose their keys. For the first time, crypto investors can enjoy a truly end-to-end and easy to use self-custody solution from key generation to back-up recovery.

Main Takeaways:

• Binance Labs has made a strategic investment in hardware wallet maker NGRAVE and will lead its upcoming Series A round.

• NGRAVE offers the first complete solution for self-custody, consisting of a connectionless and highest security certified (EAL7) hardware wallet, ZERO, and an encrypted and recoverable key backup, GRAPHENE. 

“Security remains one of the biggest hurdles for crypto adoption. Self-custodial wallets are one of the most secure methods for storing digital assets and through our investment in NGRAVE, we are looking to continue backing innovative startups that enhance user security.” — Yi He, Co-Founder of Binance and Head of Binance Labs

“Hardware wallets are one of the most secure solutions for self-custody and digital asset storage, especially during volatile and turbulent markets. NGRAVE’s premium product suite offers smooth and intuitive user experience, coupled with structured security innovations. Binance Labs is excited to capitalize on the emerging hardware wallet sector and partner with NGRAVE to bring sophisticated wallet products to both retail and institutional users.” — Tyler Z., Investment Director at Binance Labs

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About Binance Labs 

As the venture capital arm and accelerator of Binance. Binance Labs is on the continued lookout for the next big Web3 innovation. Since 2018, Binance Labs has invested in more than 200 projects from 25 countries. 

Website | Twitter

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About NGRAVE                

NGRAVE is a digital asset security provider offering user-friendly maximum security solutions for blockchain and crypto use cases. Its flagship product — crypto hardware wallet “NGRAVE ZERO”. Is the only financial product in the world that features the highest security certification: EAL7.

Website | Twitter

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SOURCE: BINANCE LABS BLOG

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