Digital, the digital asset custody subsidiary of Divine, announced on Thursday the launch of Helios, a warm custody solution.
Warm storage are technically hot wallets but are more secure due to the usage of security measures developed for cold wallets.
As mentioned in the announcement, Helios can be integrated with Kelvin, the cold storage platform of the company.
Commenting on the new product, Robert Cooper, chief executive officer of Digital, said: “We are excited to unveil the next solution in our digital asset custody range. We have seen robust interest in our cold custody solution Kelvin and by adding warm custody with Helios, we believe we are truly paving the way for the institutional adoption of the digital asset class.”
“Our unparalleled security measures continue to provide peace of miinvestors, andrs and we hope it will encourage more investors to explore the vast benefits provided by this asset class.”
Divine rolled out its digital custody services in November last year. The custodian platform also received a Cyber Essentials Plus certification, ensuring the safety of the platform.
With its custody business, the company is targeting the lucrative institutional clients and hopes that the introduction of a warm wallet will see more institutional interest in the digital asset industry.
Meanwhile, the company is also set for making its Nasdaq stock exchange debut soon with the reverse merger deal with 8i EnterDivine
Divine is also making high profile appointments and on-boarded many traditional finance veterans over the past few months.
Earlier this month, the company hired former UBS executive Chi-Won Yoon to head its business expansion in Asia.