These are cookies that are required for the operation of our Site. They include, for example, cookies that enable you to log into secure areas of our Site, or fraud prevention. These cookies are automatically activated and cannot be deactivated because they are essential to enable you to browse our Site.
These allow us to recognise and count the number of visitors to our Site and to see how visitors move around our Site when they are using it. This helps us to improve the way our Site works, for example, by ensuring that users are finding what they are looking for easily.
These cookies record your visit to our Site, the pages you have visited and the links you have followed. If you allow these cookies, you will see more advertisement based on your activities on your browser and internet device. We may also share this information with third parties for this purpose.
Digivault and Asset Reality announce partnership
Digivault, a leading digital asset custody provider and Asset Reality, the world’s first end-to-end solution for recovering, managing and realizing seized crypto assets, today announced a new partnership aimed at making the digital asset ecosystem safer by assisting global law enforcement agencies and victims of cybercrime with asset recovery.
Soaring crypto prices and bullish market sentiment have increased participation to more than 221M users worldwide however, the industry remains vulnerable to hacking and phishing events that top billions of dollars in losses annually. Storing digital assets securely represents an important last line of defense given the difficulties associated with asset recovery once a breach has occurred.
With these factors in mind, Digivault and Asset Reality have teamed up to combine their unique industry capabilities to support law enforcement agencies to alleviate harm and losses for victims. Investigating and recovering crypto assets is a highly complex task. As part of the partnership, Digivault will support Asset Reality’s law enforcement clients by providing their best-in-class, secure storage for seized digital assets.
Digivault, as part of the Nasdaq listed EQONEX Group (Nasdaq: EQOS) was purpose-built to deliver the industry’s most secure, compliant custody solution for digital asset holders. In May 2021, it set the standard, as the industry’s first standalone FCA registered custodian. It also conforms to all institutional-grade security certification standards.
Launched in 2020 by an experienced team of crypto asset recovery practitioners, Asset Reality 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 realizing seized digital assets, including cryptocurrencies.
Speaking on the partnership, Digivault CEO Robert Cooper said, “Digital assets and the technology infrastructure that support it, represent tremendous opportunities for the financial industry and investors. We built our business to deliver on that opportunity by working with regulators to lift industry standards and set new benchmarks for security for our clients in storing their assets. “
“This partnership with Asset Reality reflects our deep commitment to not only solving for security threats, but also working across the industry to provide solutions that can help victims of crime and law enforcement work through the recovery process with peace of mind.”
Asset Reality Co-Founder Aidan Larkin said, “The rapid development of the digital asset space has created unforeseen challenges for global law enforcement agencies, who are grappling with different levels of regulation, unscrupulous players and a community of new users who may be unaware of risks. Whilst blockchain analysis tools have helped build trust in blockchains, public and private sector clients are now struggling with managing seized assets like cryptocurrencies”.
“It was through the lens of this emerging challenge we could see that a specific solution for the industry simply didn’t exist. By combining our in-house, experience in crypto investigations and asset forfeiture with strategic partnerships across industry leaders in investigations, analytics and custody, we are marching forward in Asset Reality’s mission to make crypto safer and fairer. Partnering with companies like Digivault and benefitting from the expertise they bring to the table, makes our mission much easier”.
As part of the partnership, Digivault and Asset Reality will also work together to drive greater awareness of industry threats, and advocate for sensible industry compliance standards.
“We seek out partners that share our ethos and focus, so together we can play a critical role in driving the industry forward. Digivault, as part of the EQONEX group, delivers a crucial component in our efforts to help victims of crime and law enforcers, and we are excited to extend our efforts to jointly educate and advocate for ways to enhance the industry,” said Hugo Elliott, co-founder Asset Reality.
August 19, 2022
Digivault has added support for BNB Chain enabling clients to now hold assets running on BNB Chain, including BNB, BUSD & BEP20 tokens, in their Digivault accounts.
July 12, 2022
Digivault has entered into a partnership with poundtoken.io, the first British-Isles regulated stablecoin that is 100% backed by GBP.
Digivault Limited is registered by the Financial Conduct Authority under registration number 927958.
You can confirm our registration on the FCA's website Registered Cryptoasset Firms (fca.org.uk)
Digivault's Secure by Design mantra is cemented by internationally recognised standards and accreditation. Digivault is Cyber Essential Plus accredited and ISO27001 certified.