LONDON, Feb. 15, 2022 /PRNewswire/ -- Digivault, a
leading digital asset custody provider, as part of EQONEX (Nasdaq: EQOS), and Asset Reality,
the world's first end-to-end solution for recovering, managing and
realizing seized crypto assets, have been engaged by Belgian law
enforcement agencies to provide recovery, storage and management
services for seized crypto assets.
Since forging a ground-breaking partnership in 2021, Digivault
and Asset Reality have been driving efforts to bring safety and
security to the digital asset industry. Together, they are engaging
with a growing list of government and law enforcement agencies
across the UK and Europe.
Digital asset trading and investment have increased
exponentially in the past two years, creating a new security
challenge for governments, law enforcement agencies, public and
private sector clients alike. Government investigations and seizures have become
increasingly commonplace. In the past two weeks alone,
the Justice
Department in the U.S
recovered $3.6B in bitcoin, and
Her Majesty's Revenue and
Customs (HMRC) in the UK
recovered three NFTs.
Firms like Asset Reality and Digivault, which bring together
experts from across security, defence, and technology, have been
building bespoke solutions to mitigate risk and set new industry
standards.
Digivault CEO Robert Cooper said,
"Digivault's core mission is to deliver a custody solution that
removes a lot of the risk, technical headaches and ultimately
stress of holding cryptocurrencies for our broad range of clients.
But for our public sector clients, we have been even more cognisant
of their need for the highest possible standards of governance,
accreditations, and assurance. By building to their exacting
standards, our entire client base benefits."
"We are proud of the work we do to help our clients to safely
participate in the crypto opportunity, but we are particularly
proud of the role we play alongside Asset Reality to support
governments and agencies to safeguard the industry more broadly,"
Robert said.
Asset Reality Co-Founder Aidan
Larkin said, "As asset seizures involving crypto assets
continues to increase, it is vital that agencies have the
infrastructure in place to recover, store and realise these assets
in a transparent, responsible and insured way. Acting as a seized
asset co-ordinator, we have built a platform that connects users
with a full range of crypto asset recovery services from reporting
and investigating fraud involving crypto assets, through to finding
suitable custodians to store and realise seized crypto."
Digivault is an FCA registered custodian, conforming to
institutional-grade security accreditation standards and stringent
governance processes.
Launched in 2020 by an experienced team of crypto asset recovery
practitioners, Asset Reality, alumni of the global accelerator,
Techstars, was created to support law enforcement agencies as well
as public and private sector clients in navigating the complex
asset recovery process including investigations, managing, and
realising seized digital assets, including cryptocurrencies.
As part of the partnership, Digivault and Asset Reality are also
working together to drive greater awareness of industry threats,
and advocate for sensible industry compliance standards.
About Digivault
Digivault provides digital asset custody that integrates
physical and virtual security, giving institutions tangible
solutions in a rapidly evolving world. We deliver a powerful
custodian that combines multiple layers of protection, eliminating
the need for trust in a single person or group of people. As part
of a Nasdaq-listed company, we are accountable to the SEC, meaning
increased regulation. However, we eliminate the need for trust
through our processes and technology, providing our clients with
peace of mind. For more information visit:
www.digivault.com
Digivault operates to the highest industry security standards,
using FIPS140-2 validated hardware security modules (HSMs).
Digivault is Cyber Essentials Plus accredited (a Ministry of
Defence designed accreditation) and was recently certified under
the ISO27001 standard. Both Helios (Warm Solution) and Kelvin (Cold
Solution) are penetration tested to CREST standards of
certification.
Follow Digivault on social media on Twitter
@Digivaultglobal and on LinkedIn
About EQONEX
EQONEX is a digital assets financial services company focused on
fairness, governance, and innovation. The group encompasses
cryptocurrency exchange EQONEX as well as an over-the-counter
trading platform. It also offers a front-to-back integrated trading
platform, Access Trading, a securitization advisory service EQONEX
Capital, market leading hot and cold custodian Digivault, and asset
manager Bletchley Park.
For more information visit: https://.group.eqonex.com.
Follow Eqonex on social media on Twitter @eqonex, on Facebook
@eqonex, and on LinkedIn.
About Asset Reality
As the multi trillion crypto industry continues to grow, law
enforcement, regulators and the industry have no way to deal with
seized or illicit crypto assets. Asset Reality's team of
experienced crypto asset recovery practitioners has launched the
world's first end to end solution for investigating, recovering,
managing and selling seized crypto and other complex assets. In
partnership with the world's leading blockchain analysis companies
and digital custodians, their platform will save time, reduce risk
and dramatically increase revenue from the sale of seized assets.
Part of the Techstars 2021 Programme, Asset Reality builds
solutions to make crypto safer for all.
This press release is provided by EQONEX Limited ("Eqonex") for
information purposes only, is a summary only of certain key facts
and plans of Eqonex and includes forward looking statements that
involve risks and uncertainties. Without limitation, the press
release does not constitute an offer or solicitation in relation to
any securities or other regulated products or services or to make
use of any services provided by Eqonex, and neither this press
release nor anything contained in it will form the basis of any
contract or commitment whatsoever. This press release has not been
reviewed by any regulatory authority in any jurisdictions. Forward
looking statements are statements that are not historical facts and
are subject to risks and uncertainties, which could cause actual
results or outcomes to differ materially from the forward-looking
statements. Most of these factors are outside of Eqonex's control
and are difficult to predict. Factors that may cause such
differences include, but are not limited to: Eqonex's limited
operating history and history of net losses; Eqonex's ability to
execute its business plan; the rate and degree of market acceptance
of Eqonex's products; failure to obtain the requisite regulatory
licenses and qualifications or establish partnerships with entities
in certain jurisdictions to satisfy regulatory requirements;
changes in laws or regulations; litigation and regulatory risks;
Eqonex's inability to successfully identify, hire and retain
skilled individuals; competition; Eqonex's inability to
successfully develop technology to service its business lines and
keep pace with rapidly changing technology and client or regulatory
requirements; risks of cyber incidents; reliance on vendors and
third-party service providers; inability to protect or preserve its
proprietary rights and the risk of infringing on the intellectual
property rights of others; potential conflict of interest arising
from managing different business lines; risks of employee
misconduct and manipulation of distributed ledger networks and
smart contract technology by malicious actors; risk of Eqonex
losing access to its private keys or data loss relating to its
digital asset investments; the ability of Eqonex to grow and manage
growth profitably; general economic and market conditions impacting
demand for Eqonex's products and services, other business line
specific risks and such other risks and uncertainties included in
Eqonex's Form 20-F filed with the U.S. Securities and Exchange
Commission (the "SEC") on June 30,
2021, including those under "Risk Factors" therein, and in
Eqonex's subsequent filings with the SEC, which are available on
the SEC's website at www.sec.gov.
In addition, any forward-looking statements contained in this
press release are based on assumptions that Eqonex believes to be
reasonable as of this date. Eqonex undertakes no obligation to
update any forward-looking statements to reflect events or
circumstances after the date of this press release or to reflect
new information or the occurrence of unanticipated events, except
as required by law.
Copyright (c) Eqonex Limited 2022.
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SOURCE EQONEX; Digivault
