BERKELEY, Calif., Feb 26, 2019 (SEND2PRESS NEWSWIRE) — Multi-signature transaction authorization has become more secure and more convenient, thanks to Base Zero’s handheld signer devices. The devices work in combination with flexible security software that smoothly integrates with existing financial systems. Base Zero institutional crypto custody enables offline safekeeping of client crypto assets while maintaining 24/7 real-time asset access and transaction capability.
In 2018 over $1.7 billion in cryptocurrency was lost worldwide as a result of fraud or theft. That’s $600 million more than the total construction cost of the massive new Salesforce Tower in downtown San Francisco. Financial institutions have a need and responsibility to securely safeguard crypto assets from theft, disaster, death of key personnel, and other business continuity scenarios.
“The real threats are existential – like having to show up in court for bankruptcy proceedings five years later after your fund or exchange goes out of business due to catastrophic loss of client assets,” says CEO Matt Zimmerman. “While Base Zero protects against hacking and embezzlement, we also help financial institutions meet compliance requirements, and earn the trust of their clients.”
Combining the most advanced technology with the simplest of the most easy-to-use interface, Base Zero allows institutions to safeguard and control client assets in-house – without relying on third parties. With 24/7 asset access, Base Zero provides convenience and high security – offering peace of mind to asset managers and their clients.
Financial Institutions can get started with as little as a letter of intent.
Zimmerman goes on to say, “Our engineers come to your location to set up your handheld devices and integrate with your systems. We do a custom integration for all of our clients.”
Interested parties should download the Base Zero product Datasheet and Security Whitepaper at: https://basezero.com/
Twitter: @basezero_crypto
News Source: Base Zero
Related link: https://basezero.com/
This press release was issued on behalf of the news source, who is solely responsible for its accuracy, by Send2Press Newswire. To view the original story, visit: https://www.send2press.com/wire/base-zero-crypto-custody-keeps-financial-institutions-safe-from-theft-fraud-and-accidental-loss-of-client-cryptocurrency-assets/
