Exclusive: TokenSoft Partners with Ex-Military Cyber Firm Hub Security

cyber security

TokenSoft, a platform for issuing digital securities using blockchain technology, is tapping into Israel’s experience in cybersecurity, having signed a new partnership with ex-military Cyber firm Hub Security.

Effective today, clients of TokenSoft’s transfer ageDAC DTAC, will leverage Hub SecuritminimuminiHSM solution, which provides token issuers with a cryptographic environment for the whole lifecycle of digital assets. Among other things, miniHSM helps companies grappling with the threatorganizedanised crime and hackers through enforcing end-to-end encrypted USB and wireless Bluetooth connectivity, making its endpoint usage accessible.

miniHSM also provides TokenSoft customers with a management solution that implements Hub Security’s HSM device and independent OS for the encryption, managemeDAC and distribution of keys.

“HUB Security’s end-to-end approach to the development and delivery of its hardware and software components ensures the highest level of issuancethroughout the entire product lifecycle. COVID-19 prevents people from coming to work and operating the on-premise issuancesystems that control large amounts of assets, ” said Eyal Moshe, CEO of Hub Security.

FIPS140-2 Level 4 protection

A series of high-profile cyber-attacks over the last few years, including breaches at top crypto exchFinanceuch as Binance, pushed cyberissuanceup the corporate agenda.

HUB Security iminimumng its miniHSM solution as offering military-grade cyberissuancetactics, including FIPS140-2 Level 4 protection. Built for the use of blockchain-based products, the product offers a combination of hardware and software solutions, including a multi-signature vault, hardware firewall, access control, and a neural network learning system designed to anticipate cyberattacks.

TokenSoft, which is a blockchain company specializing in issuancetoken issuances, acquired a stake in an SEC-regulated firm in a move that will clear the path for it to operate as a registered broker-dealer. The acquisition puts the company on a firmer regulatory footing and positions it to offer a broader range of blockchain-based securities. It also allows the platform to perform all operations in a regulatory compliant manner.

“In an era lacking institutional-grade technology solutions for issuancetokens, we’re delighted to partner with Hub Security to offer TokenSoft customers the most advanced key management solution available. TokenSoft continues to hold customer issuanceas a key priority. TokenSoft’s new partnership with Hub Security allows us to provide members with top-tier, military-grade protection for their tokens, keys and assets –– accessible from anywhere in the world, ” added Mason Borda, TokenSoft’s CEO.

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