RigSec and Vlightup to collaborate on crypto wallet compliance and security
Hong Kong-based RigSec Technology, a leading provider of regulated digital asset wallet solutions, and Tokyo-based Vlightup have begun discussions to collaborate on solving security issues in cryptocurrency wallets. The partnership aims to leverage the technological strengths of both companies to provide a safer and easier-to-use wallet solution.
RigSec is a blockchain regulatory technology company founded in 2018 that provides compliant digital asset wallet infrastructure and value-added services. It provides comprehensive support to clients seeking regulated licenses in Japan, Hong Kong, Singapore, Taiwan, Indonesia, and other countries. Its one-stop solution integrates air-gapped cold and hot wallets to provide financial institution-level security while ensuring strict regulatory compliance and protecting the entire lifecycle of assets.
Vlightup is developing the platform "TRUSTAUTHY" with innovative security features such as "GeoAuth", an authentication technology that utilizes location information, and "GeoMPC", which enables distributed management of private keys. This enhances the safety of cryptocurrency transactions by analyzing users' transactions and remittances in real time and instantly detecting access from unreliable areas.
By combining Vlightup's "TRUSTAUTHY" security technology with RigSec's regulation-compliant self-custody wallet solution, the partners aim to develop a highly secure cryptocurrency wallet that users can use with confidence. This wallet will meet the latest security standards and be designed to effectively protect user assets.
Cryptocurrency exchanges and custody businesses can reduce the risk of unauthorized access and fraudulent transactions by utilizing TRUSTAUTHY's location authentication technology. Combining this with RigSec's self-custody solution will enable users to manage their assets more safely and efficiently.
Details of the future joint development and product launch date will be announced in due course after discussions between the two companies. RigSec and Vlightup will contribute to the healthy development of the digital asset industry and the realization of a safe trading environment.
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