(BlockBar) VeChain revealed on Wednesday that it has introduced digital asset custody services to its blockchain network. Though the announcements posted on its official Twitter, it indicates OceanEx will provide custodial solution to WeChain’s ecosysetem.
OceanEx is a world-leading digital currency exchange driven by artificial intelligence, with an uncompromising advantage in terms of security management and market scale. It also provides a complete and permanent solution to tutelage issues in the digital asset field.
OceanEx has just announced a formal custody service for VeChain and its ecosystem to enhance the secure management of cryptocurrency and blockchain applications and to optimize its infrastructure solutions in a rapidly evolving global market. In addition, it will make regulatory processes an extensible process. At the same time, it will continue to maintain high-intensity security against human errors and common encryption threats. What’s more, OceanEx will provide VET and VTHO OTC services for users who employ the custody services.
According to VeChain, this new development will enable the platform to adopt a more secure digital environment that benefits institutional members. OceanEx further highlights the benefits of this partnership in Medium’s blog.
VeChain has sale its solutions to many of the world’s top auto companies, such as BMW and Renault. It is a challenge for both OcenEX and VeChain to ensure the effect in way of transparency and accountability. Through this custody service, the ecosystem of Vechain will benefit in the matter of increasing the scalability of platform users’ digital assets
The managed system is based on both warm (online) and cold (offline) storage architecture with comprehensive reporting and protection procedures to secure digital assets. The system supports the VIP 180 based on the VeChainThor Blockchain.
custody’s distinctive features include:
• Combination of hot and cold storage architecture
• AI-equipped risk management system
• Robust cold storage auditing and reporting system
• On-chain segregation of digital assets
• Integration of VeChain’s VeKey and HSM based digital asset management turnkey solutions
Weekend is the most representative female writer in the blockchain industry. She is known for her keen news capture ability and is good at English writing of blockchain news in the Chinese region.