GK8 by Galaxy Overview
GK8 by Galaxy provides comprehensive self-custody technology for digital assets, enabling regulated self-custody, digital asset management, and token issuance. With its patented Impenetrable Vault and uMPC technology, GK8 empowers traditional financial institutions and crypto-native companies worldwide with the tools they need to navigate the digital asset economy with confidence. In a market where trust is an institution’s most valuable asset, GK8 protects the institution’s reputation by setting the highest standard for digital asset custody, paving the way for the mass adoption of digital assets.
Cumulative Funding Raised Over Time ($)
Latest News
growth-positive
Galaxy Digital Wins Auction to Buy GK8 From Bankrupt Crypto Lender Celsius
Galaxy Digital, the cryptocurrency-focused financial-services firm, has acquired self-custody platform GK8 from Celsius Network. The terms of the deal were not disclosed, but it was reported to be significantly less than what Celsius paid a year ago. The acquisition will allow Galaxy Digital to expand its prime brokerage offering and add around 40 people to its team. The deal is subject to regulatory approval and will also give Galaxy Digital a new office in Tel Aviv, Israel. This move comes after Celsius filed for bankruptcy protection and put some of its assets up for sale. Galaxy Digital had previously abandoned its plan to acquire BitGo for $1.2 billion.
PartnersExpand
growth-positive
Crypto powerhouse Celsius acquiring Israeli startup GK8 for $115 million
Celsius, an Israeli-American crypto company, is acquiring Israeli cybersecurity company GK8 for $115 million. GK8 provides financial institutions with an on-premise end-to-end platform for safekeeping and managing digital assets. Celsius recently raised $400 million at a $3 billion valuation, and some of those funds will be used for this acquisition. GK8, founded by Lior Lamesh and Shahar Shamai, offers digital assets cybersecurity and management services and a technology that enables blockchain transactions without a direct internet connection. The company has collaborated with Chainalysis to help financial institutions identify high-risk activity. Celsius co-founder and COO Daniel Leon expressed excitement about the acquisition and its potential to expand into new sectors while maintaining cybersecurity capabilities.
Acquisition
growth-positive
Israeli startup GK8 partners with Chainalysis on blockchain fraud security
Israeli blockchain security startup GK8 has partnered with US-based Chainalysis to integrate its custody platform with Chainalysis KYT (Know Your Transaction), a compliance solution that provides real-time transaction monitoring of large volumes of cryptocurrency activity to identify high-risk transactions. This partnership will enhance the security measures for GK8s financial-focused customer base and help prevent money laundering attempts. The integration of Chainalysis to GK8s platform is seen as a big step forward in legitimizing digital currency and turning it into a mainstream investment channel. The article highlights the importance of building trusted and secure infrastructure for the cryptocurrency industrys growth.
Partners
growth-positive
INX exchange taps Israeli crypto startup GK8 for crypto custody
INX, a cryptocurrency firm, has chosen Israeli crypto startup GK8 for digital asset custody for its upcoming crypto exchange. INX plans to raise $117 million from its ongoing security token IPO and has already raised $7.5 million. GK8s end-to-end platform, including its patented air-gapped vault, will be used to manage and safeguard digital assets offline. GK8 is known for its ability to store and transact crypto without an internet connection. The Israeli social investment giant eToro is one of GK8s customers. The article emphasizes the importance of offline storage for crypto assets.
InvestmentPublic Trading
growth-negative
Israeli cyber startup discovers Blockchain weakness that could potentially leak millions
Israeli blockchain cyber startup GK8 has identified vulnerabilities in Multi-Party-Computation (MPC) networks, which can hamper the adoption of digital assets by financial institutions and banks. The vulnerabilities include the reliance on the network of co-signers to be always connected to the internet and the size of the MPC network being deployed. To address these vulnerabilities, GK8 has developed an air-tight vault that is never connected to the internet and a patented solution to add dozens of PCs to the custodian MPC network without impacting network performance. The demand for crypto services creates a strong incentive for banks to enter the cryptocurrency domain, but security risks are a concern. GK8s investors and advisory board include Marius Nacht, Israel Discount Bank, Professor Eran Tromer, and Ilan Levanon.
Customers
| Sector | Cyber Security |
Funding
| Total funding | $12M |
| Last funding | $8M |
| Stage | Acquired |
| Rounds | 3 |
| Investors | 8 |
Team Members
9
Employees: 51-200
Web & Social Links
| Website | www.gk8.io/ |
| Careers | Careers page |
Locations
Abba Hillel Silver Rd 21, Ramat Gan, Israel
Photos & Videos
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