Galaxy Digital-Owned Crypto Custody Specialist GK8 Unveils Tokenization Wizard
Summary
Crypto custody firm GK8 has launched Tokenization Wizard, a platform for creating blockchain-based versions of real-world assets and managing stablecoins and Web3 applications. The platform operates on principles of self-custody, contrasting with the managed custody offered by other major crypto custody providers like Coinbase. GK8 also provides a patented form of cold storage that avoids any internet connection, paired with multiparty computation (MPC) for splitting cryptographic keys. The first client to use the Tokenization Wizard will be a partnership between asset manager DWS, Flow Traders and Galaxy to manage a euro-denominated stablecoin.
