TokenSoft, U.S. San Francisco based company, introduces blockchain wallet for cryptocurrency assets and security. The firm announced that it is in the beta version and after testing the wallet go for full version.
TokenSoft’s Knox Wallet
The company named this product Knox Wallet offers self-custody and secure cold storage. This wallet manages various assets both cryptocurrency assets e.g. Bitcoin(BTC) and Ethereum as well as debt, real estate, and equity. Presently, this wallet is under testing period and it will release in the market for the opening quarter of 2019.
Mason Borda, CEO of TokenSoft, stated that:
“As real-world assets enter the blockchain world, it’s important to protect them with the same level of security we treat traditional digital assets.”
Nowadays, it is very important for the security of wallets. During the last quarter of 2018, more than $1 billion cryptocurrency assets have stolen by (hackers), reported in a cyber protection company Carbon Black report.
The hackers are taking benefit of the dark web towards hacking cryptocurrency. It found those 12,000 markets and 34,000 market offers associated in the hacking.
The Knox wallet offers there stages of security: cryptographic authorization, off-line cold storage, and role-based control access. The firm expects that the wallet beneficial to cryptocurrency investors and exchanges in crypto-field.
The Knox wallet gives security for digital assets. This wallet gives users an enterprise tool for supervising their cryptocurrency assets and securities. By using TokenSoft’s wallet, a client can make actions, such as increasing or reducing their shares (tokens). And also create new shares of assets.
Knox wallet gives full security for institutional investors and firms who are establishing asset-backed tokens. The assets are arriving developing upon blockchain technology. So this wallet will serve for the needs of small investors and institutional investors.
Do you think this wallet will give solutions to the crypto-based assets? Give your opinion in the comment section.
