deen

27 April 2021

Crypto Finance AG and IOTA – The virtues of collaboration

Yara Ainsworth

Yara Ainsworth

Head of Marketing and Communications at Crypto Finance AG

About the author

Source: IOTA

Crypto Finance AG and IOTA – The virtues of collaboration

 

We will have completed the Chrysalis network upgrade in only two days. With its completion, our protocol will finally be enterprise-ready. This transition marks a departure from some exotic design decisions made in our early days. But the changes required for Chrysalis were not only based on our own deliberations. The various design decisions for components of Chrysalis also result from close cooperation with numerous industry partners. One of those partners is the Crypto Finance Group and their Crypto Storage subsidiary, which specialize in storage and other crypto asset solutions for finance, industrial, and professional clients.

With this short blog post, we provide a few insights into the open exchanges we have had with our partners, leading to our most extensive upgrade so far. Furthermore, we advocate for increased open dialogue in the crypto industry in general.

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The Crypto Finance Group was one of the many players that kept getting involved, and in lively exchanges with the IOTA Foundation, presented their needs regarding the IOTA network, specifically in regards to the requirements for their storage and custodial solutions.

The Crypto Finance Group was the first professional IOTA token storage provider worldwide – serving the needs of financial intermediaries and partners across various industries. Our collaboration enables private and public investors, institutional investors, and beneficiaries to manage access to their IOTA tokens securely. In addition, thanks to the financial services of Crypto Finance Group, leading companies working with the IOTA token are now able to meet their institutional and compliance requirements.

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We look forward to receiving further feedback from all of our partners regarding our new protocol. We will continue to stay close to the industry and stay aware of current needs to develop and provide the best technological solutions – building the future of DLT together.

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Read the full blog post on IOTA here.

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