The venture capital arm of Binance has invested in Belgian crypto startup NGrave, which offers a suite of products for storing and self-custodying cryptocurrencies. After the FTX storm that has raged in recent weeks, cold wallets will be the best solution to protect your cryptocurrency.
A solution for transparency and security
More than just a Belgian manufacturer of hardware wallets, NGRAVE now focuses on self-custody. In the world of cryptography, NGRAVE positions itself as a blockchain provider.
The company currently offers digital asset security solutions of particular interest to Binance. In particular, he designs sophisticated portfolio products tailored to retail and institutional investors.
In a Nov. 21 statement, Binance Labs announced that it “has made a strategic investment in physical crypto wallet provider NGrave.”
The venture capital arm of Binance has not only welcomed the first startup operating in the hardware wallet space, but will also lead the Belgian firm’s next Series A funding round.
NGrave was founded in 2018. The company offers a suite of three main products that allow cryptocurrency holders to self-store their cryptocurrencies with relative ease and security.
The first is a physical wallet with no ID sold as a Zero. It has a touch screen for use in the field. The second is called graphene, which is a stainless steel, encrypted and recoverable key.
Ngrave also offers a third product called Liquid. It is a mobile application that connects users directly to the blockchain. The tool makes using cold wallets more convenient by providing a streamlined interface for transfers, purchases, and more.
These products are aimed at both individuals and institutions. They adapt to everyone and provide truly safe solutions. This should appeal to many investors seeking transparency and optimum security.
Security: an element that has become essential
To reassure investors, Binance has not been stingy in optimizing the platform’s security. His investment in NGRAVE is further proof of this.
By investing in NGRAVE, Binance aims to strengthen the security of its assets. But not only that, it also intends to support innovative startups. “Self-custody wallets are one of the safest methods,” said YI He, head of Binance Labs and co-founder of the company.
The FTX disaster was a stark reminder to victims that unless they adopt self-regulation, they cannot truly reap the benefits of a decentralized system. Binance is therefore following the trend by opening up its venture capital arm to hardware cryptocurrency providers.
The Chief Investment Officer of Binance Labs confirms this opinion: “Hardware wallets are one of the safest solutions, especially in volatile and volatile markets. »
It is also the way to support innovation and entrepreneurship. Thanks to them, the world of cryptocurrencies is constantly updated and allows clearer and squarer offers.
When looking for the safest method, users can use a physical custody wallet, which is one of the safest methods.
After the recent crypto events, investor confidence has plummeted, and that’s understandable! Today, in fact, security is the guarantee that every cryptocurrency company must offer in order to attract investors again. That’s right, Binance has found the perfect way! We just have to wait for the next step.