Blockchain Compliance Engine Securrency Teams With Krypti On Cybersecurity For Financial Industry

News | February 15, 2019 By:

Global financial services technology firm Securrency will be integrating Krypti‘s cybersecurity software to improve the security of its plaform.

Securrency delivers financial technology products for the tokenized issuance and trading of securities. It proprietary CAT-20 security token protocol ensures that tokens maintain compliance during secondary-market trading, through on-and off-chain movement and throughout the security token lifecycle. The protocol can be utilized on blockchains such as Ethereum, Stellar, Ripple, EOS and other distributed ledgers, as well as on legacy systems.

Krypti claims to provide the highest level of data privacy by replacing user data with MicroToken Exchange (MTE), which utilizes Eclypses Micro Encryption to take away the data from the system. With MTE technology, which is currently being tested by multiple government agencies for military applications, “real data” is never exposed when transmitted or while stored on servers and remote devices.

Under the partnership, MTE will be integrated into Securrency platforms and infrastructure to enhance global access to capital and reduce market friction. In addition, Securrency will also be the global distributor of the KryptiWallet, which offers online storage for private blockchain keys for cryptocurrencies and any blockchain asset, including confidential security documents, medical files, passports, drivers’ licenses and others.

Anthony Bufinsky, Director of Institutional Sales and Special Projects at Securrency, said that they Krypti’s MTE technology and KryptiWallet into their full suite of services to enable issuers and investors with critical tools to support the overall security of smart digital securities.

“We are confident that these stakeholders will find the KryptiWallet, with its unmatched security and functionality, to be the best option available to an end user,” Bufinsky said. “We anticipate tremendous growth in this space in 2019 and increasing exponentially thereafter, so the prospect that millions of KryptiWallets being deployed through our partnership are very tangible. Given the significant recurring revenue that this will generate for both Krypti and Securrency, we are understandably very excited about this partnership.”

Steven Russo, Executive Vice President at Krypti, said that whether the financial sector is protecting financial transactions, stabilizing the market by protecting assets or securing data within blockchains, security is an absolute necessity today.

“The digital assets space cannot flourish without it,” Russo said. “Our partnership with Securrency creates a new paradigm, advancing blockchain ecosystems to levels never before possible.”