TokenSoft Launches Knox Wallet: A Crypto Cold Custody Solution

TokenSoft Launches Knox Wallet: A Crypto Cold Custody Solution

San Francisco-based technology and security platform TokenSoft has launched a cold storage custody service focused on digital securities called Knox Wallet, according to a blog post published by the company.

The Knox Wallet, “a mobile-first, secure cold storage, self-custody system for enterprises managing digital securities and digital assets,” is a platform that combines institutional methods for multiple assets storage.

According to the post, TokenSoft created the Knox Wallet to provide a better user experience than the currently available options.

“Knox is designed for issuers who are issuing asset-backed tokens on the blockchain like equity, debt, or real estate. It can also hold digital assets such as Bitcoin and Ethereum,” the note said. “Exchanges may want to use it to administer issued securities that are trading on their platform.”

Mason Borda, CEO of TokenSoft, highlighted that security is essential in digital platforms and mentioned that almost $1 billion in cryptocurrencies were stolen between January and September 2018 alone.

“As real-world assets enter the blockchain world, it is important to protect them with the same level of security we treat traditional digital assets,” Borda affirms.

The platform is expected to be available for open use in the first quarter of 2019. It is currently in the testing phase.

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