GK8 by Galaxy

Company Overview

Snapshot

Founded in January 2018 by Lior Lamesh and Shahar Shamai, GK8 by Galaxy operates with 51–200 employees. The company was acquired by Galaxy in February 2023, marking a significant milestone in its journey.

Business overview

GK8 by Galaxy specializes in providing self-custody technology for digital assets, offering solutions for regulated self-custody, digital asset management, and token issuance. Utilizing its patented Impenetrable Vault and uMPC technology, the company serves traditional financial institutions and crypto-native companies globally, enabling them to securely navigate the digital asset economy. GK8 operates within the Cyber Security sector, focusing on cryptography and tokenization platforms.

Strategic signal

In December 2022, Galaxy Digital won an auction to acquire GK8 from the bankrupt crypto lender Celsius. This acquisition signals a consolidation within the digital asset security market, with larger players like Galaxy Digital strengthening their capabilities in self-custody technology. For investors, this highlights the strategic value of robust digital asset security solutions and the potential for market leaders to absorb innovative technologies from distressed assets.

Company Intelligence Q&A

When was GK8 by Galaxy acquired?

GK8 by Galaxy was acquired by Galaxy in February 2023.

What was a key partnership for GK8 by Galaxy in 2020?

In October 2020, GK8 by Galaxy partnered with Chainalysis to enhance blockchain fraud security.

Which company did GK8 by Galaxy partner with for digital asset coverage in 2020?

In June 2020, GK8 by Galaxy partnered with Aon for digital asset coverage.

What was a significant product integration for GK8 by Galaxy in 2020?

In September 2020, INX exchange integrated GK8 by Galaxy for crypto custody solutions.

What type of vulnerability did GK8 by Galaxy discover in 2020?

In August 2020, GK8 by Galaxy discovered a blockchain weakness that could potentially lead to the leak of millions.