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USI Insurance Services and GK8 team up on crypto insurance cover

November 30, 2022


Broker and consulting firm USI Insurance Services is to team up with platform GK8 to launch a new plan giving the latter’s customers up to $1bn of dedicated cover.

A joint statement from the two firms said that plan will allow GK8’s crypto custody solution offers access to the highest insurance coverage cap for digital assets.

GK8’s regulation-ready solution includes both a Cold Vault as well as a multi-party computation (MPC) Vault. The company’s unique Cold Vault can create, sign, and send blockchain transactions without receiving digital input from the internet. The Cold Vault is paired with a high-performance MPC wallet used for high-frequency automatic transactions, and the patented MPC can execute thousands of signatures per second, providing a decentralised, keyless infrastructure.

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