Binance’s venture capital arm has invested in Belgian crypto startup NGrave, which offers a range of products for storing and self-custodying cryptocurrencies. After the FTX storm that 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 security solutions for digital assets of particular interest to Binance. In particular, it designs sophisticated portfolio products tailored to retail and institutional investors.
In a November 21 statement, Binance Labs announced that it has “made a strategic investment in NGrave, a provider of physical crypto wallets.”
Binance’s venture capital arm not only welcomed the first startup operating in the hardware wallet space, but will also lead the Belgian company’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 an ID-less physical wallet sold as Zero. It has a touchscreen for use in the field. The second is called graphene, 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 and provides a streamlined interface for transfers, purchases, and more.
These products are aimed at both individuals and institutions. They adapt to everyone and offer really safe solutions. This should appeal to many investors looking for transparency and optimal security.
Security: an element that has become essential
To reassure investors, Binance has not been stingy with optimizing the platform’s security. The 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, she also plans to support innovative startups. “Self-custody wallets are one of the most secure methods,” said YI He, head of Binance Labs and co-founder of the company.
The FTX disaster served as a strong reminder to victims that unless they embrace 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 providers of hardware crypto wallets.
Binance Labs Chief Investment Officer confirms this view: “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 custodial wallet, which is one of the safest methods.
After the recent crypto events, investor confidence has plummeted, and understandably so! In fact, security is now the guarantee every cryptocurrency company must provide to attract investors again. That’s right, Binance has found the perfect way! We just have to wait for the next step.