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Knox Custody

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Digital custody solutions for crypto investors

KNØX Custody is a digital asset custodian company that provides insurance coverage for digital assets held in its custody. The company stated that it covers 100% of asset values held in its custody. The custodial solutions of the company were designed and developed with risk management principles and uncompromising security controls, which have been validated by independent security auditors and global insurance markets. By doing this, the company stated that it helped to gain access to the broadest insurance coverage with the largest limits and lowest rates for its institutional clients.

According to Crunchbase, KNØX  is a digital assets custody that helps institutions to meet their fiduciary obligations. The company is backed by key institutional and venture partners, which allows KNØX to provides a digital asset custody service with comprehensive insurance coverage for the full value of holdings. KNØX claims to blends simplicity with high-grade security in order to help institutions and their clients. All KNØX’s clients have access to KNØX’s secure end-to-end system with a dedicated terminal to manage their assets.

KNØX has raised a total of $12.4M in 2 funding rounds. The latest funding round was finished on September 24, 2019, from a seed investment round. There are four key investors in the project, they are Ionvia Capital, Ferst Capital Partners, Initialized Capital, and Fidelity. Alex Daskalov is the CEO of KNØX, which has served since its launch in 2017.

According to its website, KNØX  offers various services and features, including but not limited to:
– Insured Bitcoin key storage, which is a Bitcoin custody that insured all holdings of its clients, where trust is minimized and users can control the account;
– Using an entirely air-gapped specialized hardware running custom policy logic to protect users’ funds;
– Utilizing a dual-control operational model that runs offline transaction processing;
– and more.

Categories

Services

Location

Montreal, Canada

Year founded

2017