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Gemini: Acquires Crypto Custody Firm Shard X

Gemini: Acquires Crypto Custody Firm Shard X

  • Gemini next-generation cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets
  • The cryptocurrency exchange and custodian has purchased a custody tech developer, Shard X
  • Claims to be the first company to offer multi-party computation (MPC) on hardware security modules (HSMs)
  • In the past, MPC was thought to be too computationally difficult to store shards on hardware
  • Shard X will become part of UK affiliate, according to Chief Operating Officer Noah Perlman
  • The added Shard X tech will work in conjunction with other aspects of key security
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Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

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