GK8: Galaxy Digital invested $44 million into an institutional cryptocurrency custody platform

Crypto-focused financial services firm Galaxy Digital Holdings Ltd. finalized its acquisition of the digital asset custody platform GK8 Thursday for $44 million after winning an auction to buy the company from bankrupt crypto lender Celsius Network. GK8 provides managed self-custody services for crypto assets, which allows the holders of cryptocurrency to retain sole possession of the keys to their wallets instead of entrusting them to a third party. Through GK8's technology, the assets remain safely stored and accessible in its vaults, but institutional users maintain total [...] The post Galaxy Digital invested $44 million into an institutional cryptocurrency custody platform appeared first on TechStory.