Two Sigma Ventures and crypto powerhouse ConsenSys are backing Trustology, a U.K. firm tackling the problem of safeguarding digital assets for wealthy individuals, businesses, and investors. The company has built TrustVault, a new custody solution that aims to be safer than cold storage custody options and as fast as hot wallet ones. “It combines un-matched private key protection against cyber and physical threats with low latency execution, by safekeeping private keys and control code inside tamper-proof, programmable hardware security modules hosted in secure data centers, with encrypted backups in the cloud,” a news release said. Trustology’s founder Alex Batlin led blockchain innovation at BNY Mellon and UBS. Trustology is in the process of onboarding beta clients, according to the release. (Business Insider)
The post Two Sigma and ConsenSys back U.K. custody startup in $8 million fundraise appeared first on The Block.
Two Sigma and ConsenSys back U.K. custody startup in $8 million fundraise written by Frank Chaparro @ https://www.theblockcrypto.com/tiny/two-sigma-and-consensys-back-u-k-custody-startup-in-8-million-fundraise/ December 6, 2018 Frank Chaparro