1 October 2018
BANKEX Partners with DataArt to Create and Launch the Safest Way to Store Cryptocurrency
DataArt Helps Develop a New Сrypto Asset Custody Service that Protects Against Natural Damage, Human Error, and Virtual Attacks
New York, NY – October 1, 2018 - DataArt, the global technology consultancy that designs, develops, and supports unique software solutions, today announced its partnership with BANKEX, a leading fintech company, to deliver and launch BANKEX Custody Service – a blockchain-powered crypto storage service that offers complete protection against natural damage, virtual attacks, and human error. After a month-long, invitation-only period, BANKEX Custody is now available to all users.
DataArt played a key role in developing a secure blockchain-based service, which has become the cornerstone of BANKEX Custody, a cryptocurrency storage mechanism similar to a regular deposit box account. The account holder enters into a storage agreement with BANKEX Custody, and the private keys to cryptocurrency wallets are stored in the depository with no external access, including by BANKEX personnel. The depository receipt is then treated as an asset.
BANKEX Custody accepts Bitcoin Cash, Bitcoin, Litecoin, Ethereum, and BKX (the Ethereum-based BANKEX ERC-20 utility token) and is available for both individual and institutional investors. There is currently no fee for the service and no minimum deposit. Customer service is ready to provide assistance every step of the way.
“Many technology firms claim blockchain expertise, but real production experience with blockchain is hard to find,” said Igor Khmel, CEO of BANKEX. “DataArt’s team brings top-notch technology expertise, and the level of security provided through our partnership surpasses the standards of most wallets and exchanges. And while the service is well suited to institutional investors, having no minimum deposit means that we can also serve smaller firms and individuals holding smaller crypto assets.”
“Blockchain in financial services is one of DataArt’s strongest and most popular offerings,” said Alla Lemlekh, VP of Business Development at DataArt. “Working on a new service in a relatively new slice of the industry is always challenging and rewarding, and we look forward to continuing our partnership with BANKEX.”
BANKEX and DataArt plan to continue developing the service and adding new cryptocurrencies.
DataArt is a global technology consultancy that designs, develops and supports unique software solutions, helping clients take their businesses forward. Recognized for their deep domain expertise and superior technical talent, DataArt teams create new products and modernize complex legacy systems that affect technology transformation in select industries.
DataArt has earned the trust of some of the world’s leading brands and most discerning clients, including Nasdaq, Travelport, Ocado, Betfair, Regus, Meetup and Apple Leisure Group among others. DataArt brings together expertise of over 2,500 professionals in 20 locations in the US, Europe, and Latin America.
BANKEX is a global top-20 fintech company developing the Proof-of-Asset Protocol to bring Banking-as-a-Service (BaaS) product modules and blockchain together to enable digitization, tokenization, and exchange of assets for the full development of a tokenized global ecosystem. Leading BANKEX technologies include the Proof-of-Asset Protocol for tokenization, Plasma Protocol, BANKEX Scan, Smart Justice, Trust Service, Pay, Bounty Service, and the Solidity Floating Point Library.