A digital asset is a resource with economic value which exists in the form of data. Cryptocurrency is a type of digital asset.
Cold storage refers to keeping the private keys representing digital assets (ie. Bitcoin) in an offline storage system. As this method of storage does not include network access, it affords increased security. Hot storage refers to keeping these private keys in a storage system which is connected to the Internet.
In July 2018, KNØX raised one of the largest seed investment rounds in Canadian history. Investors include iNovia Capital (former Google CFO Patrick Pichette and Blackberry’s COO Dennis Kavelman) and Initialized (former Y Combinator partner Garry Tan and former Reddit CEO Alexis Ohanian). Additional investors include FJ Labs and Ferst Capital.
Our clients include traditional financial institutions, fund managers, cryptocurrency miners, government regulators, exchanges, trading platforms, and individual traders.
We’ve developed a secure, adaptable infrastructure which enables us to accomodate any digital asset. Our standard service offering is compatible with Bitcoin and Ethereum.
Sometimes referred to as ‘multisig,’ a multi-signature scheme is a protocol wherein more than one digital signature is required to authorize a digital asset transaction. It is typically used to divide authority over the possession of digital assets and requires cooperation among multiple stakeholders to withdraw or exchange these assets.
Distributed physical facilities are used to generate and manage private keys. Private keys are archived in multiple distinct geographical locations.
While auto, home, and life are established categories in insurance markets, interconnected software systems represent a new category we call ‘digital risk.’ The ability to quantify, price, and transfer this emerging form of risk requires advanced analysis, a new infrastructure, and collaboration between engineering, mathematics, finance, and traditional risk management disciplines.