CyberTrust
hello, there is good news for investors who are already running their business in the world of cryptocurrency.
do you guys feel enough to give security to the crypto assets you keep for this? I do not think so. as an investor would want his assets all safe and away from hacker attacks, and for that,
through this article I will provide important information for investors to ensure the security level of their crypto assets is protected.
The good news came from CyberTrust,
CyberTrust is a financial service that offers the securitization of cryptocurrencies providing lower risk and proof of claims underlying the crypto.
The following are the problems that are often faced:
- Cryptocurrency DOES NOT have titled/auditable ownership
- Clearing and settlement risks are abnormal
- There is no process of judicial recovery in case something goes wrong
- The risk of theft via cyber security breach
Then what would CyberTrust want to solve the above problem?
CyberTrust has invested resources, time, and energy to create solutions to challenges.
Specifically, CyberTrust has taken the following steps:
-Turn Cryptocurrency Into a Security Claim
- Create Global Crypto Notes (GCN), so that each owner of a GCN will have legal claim to its underlying crypto assets (e.g. BTC, ETH, BCH).
- Create three Special Purpose Vehicles (SPV) : one each for BTC, ETH and BCH.
- Off-chain storage is provided by Xapo to secure the private keys of the underlying crypto assets in a specialized Cold Vault secure facility(ies), including insurance on all Hot Wallet Transactions.
- All Global Crypto Notes will each have a registered International Securities Identification Number (ISIN).
- All Clearing & Settlement for GCNs will be done by Clearstream , known as the “bank of banks”, to permit safe and regulatory compliant trade clearing.
- SPV financials will be audited by Ernst & Young S.A., starting Q1 2018. The SPV administrator is a licensed Luxembourg entity Creatrust S.A.
-Create a Token To Fuel The Securitisation Process
Here CyberTrust offers a key innovation: a token usable to increase the securitisation volume as needed to “essentially securitise crypto on the fly”: the CABS (‘crypto asset-backed securitisation’) token.
What Do I Need Crypto Notes For?
CyberTrust Technology
CyberTrust will act as a traditional custodial bank for crypto assets. In this respect CyberTrust’s approach is based on technologies and methods which have been in use by large financial institutes for decades.
-This includes various technologies and solutions such as:
- in-memory data grids (IMDG) for scalability and performance
- network isolation for safety of private keys and sensitive data
- neural networks & machine learning for fraud and breach detection
- high client account security with features like multi-factor authorization by SMS/ voice/video and trusted addresses
- convenient integration with existing financial market infrastructure like gateways to clearing & settlements (e.g. Clearstream Banking S.A.), and gateways for market making at Over-The-Counter (OTC) market places like (i.e. NASD Bulletin Board, OTC Markets, and others)
As fully automated securitisation of cryptocurrencies will go live in Q2 2018, additional services are expected to come online, such as forwards/futures, derivatives and other structured products. These will be made available for corporate and private customers via various channels, including online and mobile services and via APIs.
CyberTrust Securitisation Structure
- Provides physical safety. All crypto assets are stored in a hyper-secure, underground, ex-military bunker in Switzerland
- Provides technological safety via COLD VAULT: offline storage via XAPO, Bitcoin Suisse
THE TEAM
Evgeny Xata - CEO
Nick Lustiger - Head of Institutional Sales
Evgeniya Gubar - Legal Counsel
Advisors
Tobias Seidl
For More Informations:
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1255738
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