AIKON Partners With Coincover: Launches New Multi-Sig Cryptocurrency Wallet Backed With Theft Cover, an Insurance-Backed Guarantee Underwritten by Lloyds of London. An Industry First.
San Francisco, March, 9, 2021—Today, AIKON, a leading secure blockchain identity service provider, announced a strategic partnership with Coincover to develop its new flagship product — ORE Vault, which includes its cryptocurrency theft insurance underwritten by Lloyds of London.
ORE Vault is a powerful and easy-to-use enterprise-grade crypto wallet with built-in multi-sig features, so enterprises will be able to create multiple user wallets and assign transaction authorization and permissions with flexible company departmental and employee requirements. Authentication policies can be created for each wallet allowing for visibility and transparency of transactions and wallet usage patterns.
Moreover, ORE Vault enables enterprises with uninterrupted access to funds on multiple blockchains, and full control over their digital assets, passcodes, and private wallet keys. AIKON provides ORE Vault with non-custodial and hybrid wallets, fund security, and blockchain-innate personal information privacy.
“Multisig wallets are the gold standard of security in the world of cryptocurrency, but there’s always room for human error. Partnering with Coincover to offer an insurance-backed guarantee, Aikon allows companies to give their customers peace of mind in this dynamic, but intimidating new industry.” — Marc Blinder, CEO, AIKON.
Given the risks commonly associated with holding digital assets, and the rapidly increasing number of enterprises now holding cryptocurrencies, AIKON released its premium ORE Vault feature set with Coincover’s FCA-regulated crypto asset insurance-backed guarantee underwritten by Lloyd’s of London to solve market risk issues and assuage robust market demand for secure enterprise-grade crypto storage and management.
David Janczewski, co-founder, and CEO of Coincover, which has developed the safety standard for crypto, added:
“We are delighted to be partnering with AIKON to provide theft cover as part of their ORE Vault offering. AIKON customers can now be even more confident that their cryptocurrency is safe and secure.”
ORE Vault is scheduled for release in early March 2021.
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About AIKON
AIKON, a San Francisco-based VC-backed firm, was founded in 2017 with the goal of enabling the digital asset economy and empowering users from all over the globe by securing their personal information via blockchain.
AIKON has developed the Open Rights Exchange (ORE) protocols to manage access to digital rights and access and has been enabling mainstream blockchain adoption with its ORE ID secure identity service. With ORE ID, AIKON aims to foster a new era of secure identities that protects users and their data, powered by the blockchain.
To find out more about AIKON, visit www.aikon.com.
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Text source: CCx News.com
