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