Knox Custody
The startup operates a crypto custody system that employs actuarial principles and correct-by-construction engineering to ensure the safekeeping of digital assets. Clients benefit from insurance coverage that protects the full value of their holdings, addressing the risk of loss in the volatile cryptocurrency market.
- Blockchain & Cryptocurrency
- Cybersecurity
- Financial Technology
- Insurance Technology
- Software Only
Funding
Raised to date
$6.3MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Institutions face significant challenges in securely managing and protecting digital assets due to the inherent risks of loss, theft, and regulatory non-compliance. Traditional custody solutions often lack the robust security protocols and insurance coverage required to meet fiduciary responsibilities for digital asset holdings.
Solution
This startup offers insured custody solutions tailored for institutions, enabling them to securely manage and protect their digital assets while adhering to regulatory requirements. By implementing advanced security protocols, including multi-signature wallets, hardware security modules (HSMs), and cold storage vaults, the company minimizes the risk of unauthorized access and asset loss. Comprehensive insurance coverage further protects against potential losses from theft, cyberattacks, or internal fraud. The platform provides a secure and compliant environment for institutions to confidently manage their digital asset portfolios.
Target Audience
The primary target audience includes institutional investors, hedge funds, asset managers, and other financial institutions that require secure and compliant custody solutions for their digital asset holdings.
Features
- Multi-signature wallets requiring multiple approvals for transaction authorization
- Hardware Security Modules (HSMs) for secure key generation and storage
- Cold storage vaults physically isolated from network connectivity
- Comprehensive insurance coverage against theft, cyberattacks, and internal fraud
- SOC 2 Type II compliance demonstrating adherence to industry best practices
- Real-time monitoring and alerting for suspicious activity
- Regulatory reporting tools to facilitate compliance with relevant regulations