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HomeBusiness$50B asset custody platform GK8 enters Brazil with license agreement By Cointelegraph
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$50B asset custody platform GK8 enters Brazil with license agreement By Cointelegraph

By: Bellie Brown

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$50B asset custody platform GK8 enters Brazil with license agreement

Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil — a move both companies say would support continued adoption in Latin America’s largest economy.

Under the partnership agreement, GK8 will license its institutional-grade custody platform to 2ND Market to give Brazilian users access to a wider range of crypto products and services. In particular, 2ND Market will leverage GK8’s integration with MetaMask Institutional, a multi-custodial wallet, to provide users with access to decentralized finance (DeFi) and Web3 crypto assets.