Share this article
Elliptic Strikes Multisig Key Custodian Deal With Gem
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets.
Updated Sep 11, 2021, 11:41 a.m. Published May 21, 2015, 7:00 a.m. 1 min read
UK-based digital assets service provider Elliptic has partnered with Gem to offer a custodian service for the private keys of multisig wallets.
Multisig wallets have at least three unique private keys. Through the new partnership, consumers will control one private key, while Gem and Elliptic will have custody over the two others.
Customers are not obliged to assign the third key to Elliptic. However, if the client loses their key, Gem and Elliptic will use their private keys to transfer the user's funds into a new Gem multisig account belonging to the customer.
Dr James Smith, CEO at Elliptic, said:
"By combining Gem's API platform with our insured and accredited key storage service, a new bar has been set for multi-sig wallet security and usability."
Gem may benefit from Elliptic's ISAE 3402 accreditation – an established global standard for financial reporting – that it obtained at the beginning of this year.
Key image via Shutterstock.
More For You
The launch of round-the-clock bitcoin futures trading eliminates the long-standing CME weekend gap and marks another step toward fully integrated institutional crypto markets.
What to know:
- From Friday, CME Bitcoin futures and options now trade 24/7 on Globex, ending the traditional Friday-to-Sunday market closure that created the widely watched “CME gap.”
- Despite the structural shift, liquidity remains concentrated in ETF options and offshore perpetuals, with IBIT options open interest far exceeding CME crypto options markets.
Top Stories
