GK8 signs license agreement with 2ND Market to spur cryptocurrency adoption in Brazil

Implementing GK8’s solution enables 2ND Market and its subsidiaries to securely custody, trade and manage their digital assets

GK8, the leading institutional-grade digital asset custody platform with DeFi, staking, NFT, and tokenization support, licenses its solution to the Brazilian crypto holding company, 2ND Market. Through the agreement, 2ND Market will leverage GK8’s solution to secure its digital assets to guarantee maximum security, alongside complete functionality, and access to a wide range of layer-1 and layer-2 blockchains, smart contracts, and DeFi services. Moreover, 2ND Market is leveraging GK8’s integration with Metamask Institutional (MMI) to enjoy wide access to DeFi and Web3, while utilizing the familiar Metamask user interface. 

Some 16 percent of Brazil’s population—34.5 million people—are considered crypto investors, according to a Kucoin report. With inflation at 10 percent and a weakening Brazilian real, crypto adoption in the country is expected to continue expanding. In parallel, crypto theft and cyber security breaches remain a key concern, with over $14 billion worth of crypto stolen in 2021 alone. Growing adoption alongside increased targeting of institutional players mean that institutions need a secure custody and asset-management infrastructure to keep up with the growing demand while mitigating cybersecurity risks.

2ND Market aspires to change the way people interact with digital assets. Through its companies Bank.ai, Bra.ex, Token,aim, and Cust.on, they offer a wallet, a digital-asset bank, an exchange, and a tokenization solution. The GK8 solution provides 2ND Market with the infrastructure necessary to capitalize on the continued crypto expansion in the country. Brazilian investors are now afforded institutional-grade security of digital assets ranging from cryptocurrencies to tokenized real-world assets. Importantly, 2ND Market is able to utilize the MMI interface they’ve become accustomed to, together with the security of the GK8 end-to-end solution. 

“As a rapidly growing crypto platform constantly offering buyers new ways to participate in the digital assets ecosystem, we’re thrilled to be able to do this using the world’s most secure platform together with the widest coin coverage,” says Caio Cesar Antonio, CEO and CTO of 2ND Market. “GK8’s solution empowers us to truly assure users on our platform that we are providing them the best security on the market.”

GK8’s unique Cold Vault is the only solution on the market that can create, sign, and send blockchain transactions without being connected to the internet, which grants institutions an unparalleled level of security, leaving no openings for hackers to exploit. The Cold Vault is paired with a patented high-performance MPC wallet used for high-frequency automatic transactions. GK8 also supports secure tokenization, features general support of all Ethereum Virtual Machine-compatible layer-1 blockchains, and grants users instant access to all layer-2 smart contracts on supported chains. 

“Our goal is to aid institutions in the secure adoption of digital assets, so we are thrilled to be partnering with a successful company operating in one of the fastest-growing crypto markets. This is yet another step in our acquisition of new customers across the globe. We are honored to play a significant role in the mass adoption of cryptocurrencies in Brazil and Latin America,” says Lior Lamesh, CEO and Co-Founder of GK8. “We’re excited to facilitate 2ND Market’s rapid onboarding of thousands of new digital assets investors in the coming months with the security infrastructure necessary.”

About 2ND Market:

2ND Market is an ecosystem that brings together tech infrastructure and crypto usability. Through its companies, 2nd Market aims to offer new solutions to common problems in the crypto market. Bank.Ai is a crypto asset bank that integrates a bank account, a wallet, and also a pre-paid card. Bra.ex is a CeFi exchange that offers an exchange trading environment. Tokem.aim is a web3 technology company that provides services in the world of crypto assets. And finally, Cust.on is a qualified crypto custody company that seeks to serve institutional investors by offering a fully qualified custody service. To learn more: https://2ndmarket.com.br/