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Prosegur, a leader in the international security industry for over 40 years, present in more than 26 countries, launches the most secure and advanced crypto asset custody solution for the institutional market: Prosegur Crypto.
The Company is the first major security company to provide a full range of digital asset custody services.
The company aims to bring its cybersecurity expertise to the world of cryptocurrencies by launching Crypto Bunker, a multi-layered defense-in-depth mechanism that protects client funds from digital and physical manipulation methods.
Prosegur Crypto created the Krypto bunker
The Krypto Bunker spans two inaccessible environments: the cold room and the cold space. This comprehensive inaccessibility approach integrates over 100 safeguards into six built-in security layers.
The heart of the custody mechanism is a completely offline transaction storage and signing process that uses a free space hardware security module (HSM) to store private keys.
The HSM can be used with any of the most important cryptocurrencies on the market, including Bitcoin, Ethereum, XRP, and Litecoin, without any restrictions. In addition, is able to include any other type of crypto asset without any limit, but moving these funds without internet connection.
Using a proprietary encryption model, Prosegur Crypto is the only digital asset custody platform that never connects to the internet. Our solution is a unique model in the world because it combines this encryption with our physical security protocols.
Excellent solutions for cryptographic security
A secure Multi-Party Computing System (MPC) ensures there is no single point of failure when transferring fund transactions by distributing private key shares to up to 15 co-signers.
This multi-step authentication process provides secure OTP solutions, password, biometric data and geolocation with an IP address. Prosegur Crypto has a partnership to provide a crypto security solution with GK8, a leading company that offers digital asset services with 100% protection against cyber attacks.
All transactions are generated offline and signed using a unique encryption system, making them inaccessible to potential attackers. The information is transmitted to the blockchain via an outgoing multi-computer system, which certifies that the encryption is correct.
As a result, all critical points of any transaction are carried out with Prosegur Crypto cold storage, which prevents tampering or tampering.
Prosegur has designed a mobile app-based remote management model to facilitate access and transactions for our clients while maintaining the highest levels of control and security.
All employees are subject to periodic biometric criminal background checks and separate levels of management access to ensure that no employee can tamper with the system.
Therefore, internal communication is safe from any advanced external cyber attack using DDOS attacks.
The physical defense mechanism is the result of Prosegur’s decades of experience in securing $ 400 billion in assets in custody.
New markets for Proségur
Prosegur is a market leader in physical security and cybersecurity products, offering a variety of security services across multiple industries, including home security and protection of funds in transit.
Raimundo Castilla, CEO of Prosegur Crypto, said:
We were now ready to unveil our revolutionary crypto custody solution, possibly the most advanced and comprehensive on the market.
For any business that has come to the crypto market, Prosegur is a safe place to store their crypto assets. Prosegur Crypto offers the highest level of insurance, providing comprehensive protection in the event of loss or theft of a private key.
Learn more about the Prosegur Crypto Advantage
Prosegur Crypto is the crypto safekeeping arm of Prosegur, which was founded in 1976 as a multidisciplinary security company.
Its Crypto Bunker, a security platform based on the concept of 360-degree inaccessibility, combines advanced one-way HSMs and MPC-based key derivation with armored vaults and strict internal security practices at the level of security. bank to ensure clients’ crypto funds are fully protected.
To learn more about Prosegur Crypto, and all the new tools it offers to the crypto community, please click here!
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