YOUNIQX Identity, a subsidiary of the Austrian State Printing House (OeSD), on Monday has announced the launch of a cold wallet for digital currencies.
Dubbed as Chainlock, the wallet is targeted to the crypto whales and the company developed its security based on a patented technology.
“Key generation in high-security zone: the generation procedure, for which a patent application has been filed, ensures that nobody can view the key pair – not even YOUNIQX staff,” the company stated.
The wallet will support an array of digital coins including Bitcoin. In addition, it can also be used to store the security tokens soled via security token offerings (STOs).
“This highly secure solution has been met with great enthusiasm at the relevant trading platforms. What is more, Chainlock is also the perfect token container for STOs pursuing a retail strategy,” YOUNIQX added.
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The company has also partnered with Singapore-based Tokenize Exchange and Coinfinity in Central Europe for direct support of the cold wallet.
Identity security and blockchain
Founded in 2018, YOUNIQX is a subsidiary of Austrian State Printing House Group which is focused on the development of secure digital identities. The parent company, on the other hand, is a full-service provider of identity and e-government solutions and develops, implements and offers personalized solutions for identity documents.
Amid the involving crypto, cold wallet platforms for cryptocurrencies are getting more and more attention. Last week, that Civic Technologies and BitGo are together developing a privacy-focused cold crypto wallet. Though still under development, the company detailed that the wallet will only store minimum user data required only for KYC and other compliance purposes.
Meanwhile, due to regulatory uncertainties in the United States, crypto wallet provider Abra in the country.
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