io.finnet has launched a new digital asset custody solution catering to institutions. The company says that “”io.vault” has signed up several institutional players including Ibanera and Evo Exchange.
io.vault aims to support clients in the OTC sector, DeFi platforms, crypto exchanges, active trading funds, and more.
The custody solution is said to be audited by Kudelski Security.
Gregory Pepin, CEO of io.finnet, says traditional custody solutions lack security, and they solve this challenge.
Unlike custodial services that hold private keys, io.vault says it ensures companies maintain direct control of their assets. This is said to address the distrust in third-party custodians following high-profile failures like Celsius and BlockFi.
“io.vault is a game-changer,” continued Pepin. “It provides a scalable, secure, and trustworthy alternative to traditional custodian services, positioning io.finnet as a leader in addressing the evolving needs of the digital asset management landscape.”
