{"id":9351,"date":"2021-09-06T19:45:35","date_gmt":"2021-09-06T18:45:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=9351"},"modified":"2021-09-06T19:45:45","modified_gmt":"2021-09-06T18:45:45","slug":"gk8-announces-custody-partnership-with-stellar-network","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/gk8-announces-custody-partnership-with-stellar-network\/","title":{"rendered":"GK8 announces custody partnership with Stellar Network"},"content":{"rendered":"\n
Blockchain security company<\/a> GK8 has announced a new custody partnership with Stellar Network. The partnership will allow GK8 customers access Stellar Lumen token's (XLM) investments.<\/h5>\n\n\n\n
\"GK8<\/figure><\/div>\n\n\n\n

Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies.<\/p>\n\n\n\n

Blockchain cybersecurity company GK8 will be offering custody and tokenization services\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> to the Stellar network, a move that could spark institutional interest in the Stellar Lumen (XLM) token.<\/p>\n\n\n\n

By integrating with Stellar, customers of GK8 can access XLM investments in a custodial setting, opening the door to offline transactions of the digital currency, the company announced Monday.<\/p>\n\n\n\n

GK8 has said that its infrastructure eliminates the risk of cyberattacks while also providing scalable, high-frequency transactions.<\/p>\n\n\n\n

GK8 co-founder and CEO Lior Lamesh said the partnership enables XLM\u2019s institutional investors to \u201cgenerate new revenue streams, digitize assets, trade, and transform currency as it\u2019s sent.\u201d<\/p>\n\n\n\n

Stellar operates as a blockchain-based pa<\/a>yment network that initially forked away from the XRP protocol in 2014. XLM has a total market capitalization of $9.8 billion, placing it 22nd among active crypto projects. The token has gained 23% over the week, according to CoinMarketCap.<\/p>\n\n\n\n

GK8 has secured several high-profile partnerships over the past year as it continues to expand institutional blockchain infrastructure.<\/p>\n\n\n\n

State Street-backed Securrency partnered with GK8 to expand its tokenized infrastructure. GK8 has also engaged Mastercard in its Startup Path program.<\/p>\n\n\n\n

Institutional appetite for cryptocurrencies is on the rise thanks to the emergenc<\/a>e of new use cases for digital assets. A large percentage of wealth managers plan to either buy crypto for the first time or expand their existing holdings.<\/p>\n\n\n\n

Financial advisers could be leading the adoption drive now that crypto investing has been de-risked from a reputational standpoint.<\/p>\n\n\n\n

Traditional financial institutions have also begun rolling out institutional custody services. In May of, the 103-year-old bank Cowen said it wants to hold cryptocurrencies on behalf of asset managers and hedge funds.<\/p>\n","protected":false},"excerpt":{"rendered":"

Blockchain security company GK8 has announced a new custody partnership with Stellar Network. The partnership will allow GK8 customers access Stellar Lumen token’s (XLM) investments. Demand for institutional-grade blockchain solutions is on the rise as banks and traditional financial institutions look to invest in cryptocurrencies. Blockchain cybersecurity company GK8 will be offering custody and tokenization […]<\/p>\n","protected":false},"author":12,"featured_media":9354,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[130],"tags":[4259,1952,2136],"class_list":["post-9351","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","tag-custody","tag-gk8","tag-stellar"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/09\/GK8-announces-custody-partnership-with-Stellar-Network-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9351","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=9351"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/9351\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/9354"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=9351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=9351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=9351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}