Today Ledger, a global leader in security and infrastructure solutions for cryptocurrencies and blockchain applications, announced that it will provide its services to digital money platform Uphold. Market demand for assurances around digital asset existence and protection is at a high and Ledger Vault will provide an additional security layer for more than one million Uphold customers around the world.
“We recently asked our community what matters most to them and the response was overwhelming: Security,” said JP Thieriot, Uphold Co-Founder and CEO. “Uphold has more than one million customers that turn to us for diligent custody, full transparency and quality assurance of funds. Ledger Vault will help us continue providing peace of mind to those members.”
Uphold’s implementation of the Ledger Vault will bring the following benefits to its clients:
- Assets held by Uphold on the Ledger Vault will be protected from unauthorized access, cyber hacks, and other internet vulnerabilities
- Sophisticated end-to-end hardware backed transfers with strict internal user access controls
- A strong multi-authorization governance model, ensuring there are no single points of failure in the management of customer funds
- Support for newly launched ERC-20 stable coins and other proxy assets, such as the Universal Protocol family of tokens
“Uphold’s customers expect full transparency and protection from crypto hacks. By leveraging Ledger Vault, Uphold will give investors total control of and instant access to their funds while providing them the peace of mind that their assets are secure, without sacrificing convenience.”– Demetrios Skalkotos, Global Head of Ledger Vault
Ledger Vault, an enterprise infrastructure technology platform, brings the security and trust that consumers have come to know from the company’s industry-leading and independently-certified Ledger hardware wallets. Vault is a multi-authorization governance infrastructure for the management of crypto assets that was specifically engineered with the needs of enterprise and institutional clients such as Uphold in mind.
Uphold Inc. is the creator of an open, trusted and transparent digital money platform that lets you instantly and safely access traditional currencies, cryptocurrencies, and other investments all in one place. Uphold has powered more than $4.5 billion in transactions across 184 countries, in more than 30 supported currencies and four commodities.
The Uphold platform provides access to the widest range of currencies and investments available in one place, with unparalleled transparency and security. Uphold is the only company to publish real-time reserve holdings, guaranteeing that its members are provided with the necessary information to make informed decisions. Uphold has global operations in Braga, London, New York, and San Francisco.
About Ledger Vault
Ledger Vault is a core business unit of Ledger, a leader in security for cryptocurrencies and blockchain applications. Leveraging Ledger’s industry-leading and independently-certified security technology, the Ledger Vault provides information technology infrastructure for financial institutions to securely control their crypto assets with a multi-authorization self-custody management solution. With a global team of more than 200 professionals, Ledger develops a variety of products and services that safeguard crypto assets for individuals, companies and connected devices. Founded in 2014, the company has offices in Paris, New York, Hong Kong and San Francisco.
For more information about the Ledger Vault, please visit www.ledger.com/pages/ledger-vault.