Revolutionary crypto industry partnership to support law enforcement in the fight against cybercrime

LONDON, November 15 2021 / PRNewswire / – Digivault, a leading provider of digital asset custody and Active Reality, the world’s first end-to-end solution to recover, manage and realize seized crypto assets, today announced a new partnership to make the digital asset ecosystem more secure by helping global enforcement agencies law and victims of cybercrime to recover their assets.

Soaring crypto prices and bullish market sentiment have increased participation to over 221M users around the world, however, the industry remains vulnerable to hacking and phishing events that exceed billions of dollars in losses each year. Secure storage of digital assets is an important last line of defense given the challenges associated with recovering assets once a breach has occurred.

With these factors in mind, Digivault and Asset Reality have teamed up to combine their unique industrial capabilities to help law enforcement agencies mitigate damage and loss to victims. Investigating and recovering crypto assets is a very complex task. As part of this partnership, Digivault will support Asset Reality law enforcement clients by providing them with their best secure storage for seized digital assets.

Digivault, as a member of the Nasdaq-listed EQONEX group (Nasdaq: EQOS), has been uniquely designed to provide the industry’s most secure and compliant custody solution for holders of digital assets. In May 2021, it set the standard, as the industry’s first registered stand-alone FCA custodian. It also complies with all institutional level security certification standards.

Launched in 2020 by a seasoned team of crypto asset recovery practitioners, Asset Reality was created to help law enforcement agencies as well as public and private sector clients navigate the complex process of asset recovery, including the investigation, management and realization of seized digital assets, including cryptocurrencies.

Speaking on the partnership, the CEO of Digivault Robert cooper said: “Digital assets and the technological infrastructure that supports them represent huge opportunities for the financial sector and investors. store their belongings. “

“This partnership with Asset Reality reflects our deep commitment not only to resolving security threats, but also to working across the industry to provide solutions that can help victims of crime and law enforcement. follow the recovery process with confidence. ”

Co-founder of Asset Reality Aidan Larkin said, “The rapid development of the digital asset space has created unforeseen challenges for global law enforcement agencies, which are grappling with varying levels of regulation, unscrupulous players and a community of new users. who may not be aware of the risks. While blockchain analytics tools have helped build confidence in blockchains, clients in the public and private sectors are now struggling to manage foreclosed assets like cryptocurrencies. “

“It was through the lens of this emerging challenge that we were able to see that an industry specific solution simply did not exist. By combining our internal experience in crypto investigations and asset forfeiture with strategic partnerships between industry leaders in investigation, analysis and custody, we move forward in Asset Reality’s mission to make cryptography safer and fairer. Partnering with companies like Digivault and benefiting from the expertise they bring to the table, makes our mission much easier.

As part of the partnership, Digivault and Asset Reality will also work together to raise awareness of industry threats and advocate for reasonable industry compliance standards.

“We are looking for partners who share our philosophy and our goal, so that together we can play a vital role in the advancement of the industry. Digivault, as a member of the EQONEX group, provides a crucial element in our efforts to help victims of crime and law enforcement, and we are delighted to expand our efforts to jointly educate and defend the means to ‘improve the industry,’ said Hugo elliot, co-founder of Asset Reality.

About Digivault

Digivault provides digital asset custody that integrates physical and virtual security, providing institutions with tangible solutions in a rapidly changing world. We offer a powerful custodian that combines multiple layers of protection, eliminating the need to trust a single person or a group of people. As a member of a company listed on the Nasdaq, we are accountable to the SEC, which means increased regulation. However, we eliminate the need for trust through our processes and technology, providing our customers with peace of mind. For more information visit: www.digivault.com

Digivault operates to the highest security standards in the industry, using FIPS140-2 validated Hardware Security Modules (HSMs). Digivault’s portfolios are Cyber ​​Essentials Plus accredited (an accreditation designed by the Department of Defense) and have recently been certified to ISO27001. Helios (hot solution) and Kelvin (cold solution) are both penetrated in accordance with CREST certification standards.

Follow Digivault on social networks on Twitter @Digivaultglobal and on LinkedIn

About EQONEX

EQONEX is a digital asset financial services company focused on equity, governance and innovation. The group includes the EQONEX cryptocurrency exchange as well as an over-the-counter trading platform. It also offers an integrated front-to-back trading platform, Access Trading, securitization advisory service EQONEX Capital, Digivault, the leading hot and cold market custodian, and asset manager Bletchley Park.

For more information visit: https: //.group.eqonex.com.

Follow Eqonex on social media on Twitter @eqonex, on Facebook @eqonex, and on LinkedIn.

About Asset Reality

As the multi-trillion crypto industry continues to grow, law enforcement, regulators, and the industry have no way of dealing with seized or illicit crypto assets. Asset Reality’s team of experienced crypto asset recovery practitioners has launched the world’s first end-to-end solution to recover, manage and sell seized crypto assets. Partnering with the world’s leading blockchain analytics companies and digital custodians, their platform will save time, reduce risk, and dramatically increase revenue from the sale of foreclosed assets. As part of the Techstars 2021 program, Asset Reality is creating solutions to make crypto safer for everyone.

This press release is provided by Diginex Limited (“Eqonex”) for informational purposes only, is a summary only of certain key Eqonex facts and plans, and includes forward-looking statements that involve risks and uncertainties. Without limitation, the press release does not constitute an offer or a solicitation in connection with any securities or other regulated products or services or to use any services provided by Eqonex, and neither this press release nor any of its elements will form the basis of any contract or commitment whatsoever. This press release has not been reviewed by any regulatory authority in any jurisdiction. Forward-looking statements are statements that are not historical facts and are subject to risks and uncertainties, which could cause actual results to differ materially from forward-looking statements. Most of these factors are beyond Eqonex’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: Eqonex’s limited operating history and history of net losses; Eqonex’s ability to execute its business plan; the rate and degree of market acceptance of Eqonex’s products; failure to obtain the required licenses and regulatory ratings or to partner with entities in certain jurisdictions to meet regulatory requirements; changes in laws or regulations; litigation and regulatory risks; Eqonex’s inability to successfully identify, hire and retain qualified individuals; competetion; Eqonex’s inability to successfully develop technology to serve its lines of business and keep pace with rapidly changing technology and customer or regulatory requirements; the risks of cyber incidents; dependence on suppliers and third party service providers; the inability to protect or preserve one’s property rights and the risk of infringing the intellectual property rights of others; potential conflict of interest resulting from the management of different business sectors; the risks of employee misconduct and manipulation of distributed ledger networks and smart contract technology by malicious actors; the risk that Eqonex will lose access to its private keys or the loss of data relating to its investments in digital assets; Eqonex’s ability to grow and manage its growth profitably; general economic and market conditions affecting demand for Eqonex products and services, other industry specific risks and other risks and uncertainties included in Form 20-F of Eqonex filed with the United States Securities and Exchange Commission (the “SEC”) on June 30, 2021, including those mentioned under “Risk Factors” and in documents subsequently filed by Eqonex with the SEC, which are available on the SEC’s website at www.sec.gov.

In addition, all forward-looking statements contained in this press release are based on what Eqonex believes to be reasonable as of this date. Eqonex makes no commitment to update any forward-looking statements to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unforeseen events, except as required by law.

Copyright (c) Diginex Limited 2021.

SOURCE EQONEX

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