D3ledger.com, a provider of storage for bitcoin and cryptocurrency announced it has now started to provide safekeeping using its distributed digital depository platform.
On Oct. 16, AddCapital Investment Fund commenced using the custody services from D3ledger. Safekeeping service has been done under the partnership with Lykke.
D3ledger addresses the pressing need to create a safe and efficient environment for investors in the emerging crypto asset class, as indicated in the CSD report (CSD working group on DLT, Infrastructure for crypto assets)
Makoto Takemiya, co-founder of D3ledger
“We experience that professional market is missing simple and effective solutions in assets safekeeping which would cover a wide list of crypto-assets, approachable right away and friendly to regulation in multiple countries. We focus on developing new financial solutions and instruments, especially in new technologies. We hope that D3ledger will soon become a strong and widely accepted digital assets safekeeping and settlement service at a large scale.”
Alex Prokofyev, managing partner of AddCapital
Technically, D3ledger provides secure decentralized storage and settlements using the Hyperledger Iroha blockchain platform built by Soramitsu and open-source community. Hyperledger Iroha allows asset tokenization based on distributed ledger technology, providing a high level of trust and security.
D3 network is based upon proof-of-stake consensus (YAC) which allows D3ledger to process more than 2,000,000 safekeeping and settlement operations per day.
D3ledger peer network consists of three nodes for this pilot deal:
- KDD (Slovenian CSD)
- National Settlement Depository
Sources of D3ledger are open on GitHub and passed security audit by Lykke.
Decentralization, the key feature of D3ledger offering, gives several benefits for crypto investors and financial intermediaries:
“D3ledger is set to become a key pillar for new digital markets ecosystem, enabling geo-distributed compliant custodial and settlement services, which is essential for large-scale institutional adoption,”
CEO and founder of Lykke Richard Olsen
“Our service improves the reliability of crypto safekeeping and brings the ability to recover possession of digital financial assets like cryptocurrencies and tokens in the case of the loss of keys.”
Ryu Okada, co-CEO of Soramitsu, a leading contributor to the Hyperledger Iroha platform and D3ledger sources
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