#USA #New York #DeFi #Solana #GK8

GK8 by Galaxy's Expansion into the Solana DeFi Space

In a significant move for institutional finance, GK8 by Galaxy, a prominent player in the digital asset custody market, is broadening its secure access to decentralized finance (DeFi) by integrating the Solana blockchain into its service offerings. This initiative caters to the rising demand from financial institutions and crypto investment funds for robust engagement with Solana’s rapidly growing DeFi ecosystem, which features applications like Orca, Radium, and Jupiter.

Solana is recognized for its high-speed transactions and minimal costs, traits that make it attractive for institutions exploring digital asset strategies. As DeFi solidifies its role as a central component of these strategies, GK8 enables its clients to safely navigate through this innovative space, without the typical hurdles associated with third-party wallets or the relinquishment of governance controls.

Enhancing DeFi Access for Financial Institutions

Lior Lamesh, Co-Founder and CEO of GK8, emphasized the importance of this strategic expansion. He noted, "Crypto funds are diving deeper into DeFi – not just for yield but as part of their core trading and investment operations." By facilitating access to Solana DeFi through GK8’s trusted infrastructure, clients can seize new opportunities while maintaining high standards of usability, security, and compliance.

The integration allows users to:

• - Transact directly with Solana and other EVM-compatible protocols using tools like MetaMask and WalletConnect.
• - Maintain full control within GK8-managed U-MPC (Unlimited Multi-Party Computation) wallets—ensuring a secure environment while engaging with various DeFi applications.
• - Enforce governance policies, including permissions based on roles and transaction types, as well as multi-step approval processes.
• - Initiate various activities such as trades, swaps, and liquidity actions directly from GK8-managed accounts.
• - Achieve exceptional performance with capabilities of processing up to 7,500 signatures per second.

All DeFi transactions through the platform utilize GK8’s proprietary U-MPC framework, which ensures institutional-grade security and compliance with the established internal policies of its users.

Designed for Institutional Scale

GK8's offering is tailored for a range of clients, from over-the-counter (OTC) desks and asset management firms to crypto investment funds and regulated financial institutions. The platform aims to remove the complexities linked to fragmented tools and vendor-related risks, thus enabling clients to tap into the expansive DeFi landscape confidently.

The move into Solana underlines GK8’s commitment to providing comprehensive solutions that empower institutions to handle decentralized technologies effectively. By leveraging its reputable and secure infrastructure, GK8 supports its clients in capitalizing on the vast opportunities that arise within the evolving realm of digital finance.

For those interested in exploring what GK8 has to offer, demos are available through their website, providing a firsthand look at how this integration can benefit institutional access to Solana DeFi.

About GK8 by Galaxy

GK8 operates as a subsidiary of Galaxy Digital Holdings, traded on Nasdaq under GLXY. The company specializes in offering advanced self-custody technology designed for digital assets, emphasizing regulated self-custody, asset management, and token issuance. With unique products such as the patented Impenetrable Vault and the innovative U-MPC technology, GK8 aims to equip both traditional finance institutions and crypto-native companies in successfully navigating the complexities of the digital asset economy. For further information, visit their official website at www.gk8.io.