By the end of March, the US investment company Shuttle Holdings will launch a beta version of the custodial service for digital assets based on a private cloud and IBM encryption technologies. It is reported by CoinDesk.
The developers of the new service will abandon the “cold storage” model in favor of a solution that “will provide quick access to assets and a compromise level of protection based on hardware security modules (HSM)”.
In other words, Shuttle Holdings and IBM will not store the tokens themselves, but will provide the tools for this to their customers, which can be banks, funds, brokers and high income investors.
The presentation of the IBM solution involved in the Shuttle Holdings service was presented at the Think 2019 conference in February.