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Brane and Crypto4A Enter Strategic Partnership to Deliver Canada’s First Quantum-safe Custody Solution for Digital Assets

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Ottawa, Ontario–(Newsfile Corp. – March 2, 2023) – With quantum computing expected to threaten the security of current blockchain cryptography in the near future, Canadian technology firms Brane Inc. (“Brane”) and Crypto4A Technologies Inc. (“Crypto4A”) have partnered to provide institutional clients with an innovative, quantum-safe custody solution for digital assets.

This jointly developed solution incorporates expertise, equipment, and intellectual property from both partners, combining to create an all-in-one (hardware and software), scalable, and highly secure custody platform that enables financial institutions to securely manage digital assets at scale across multiple blockchains.

“Our collaboration with Crypto4A, an industry leader in quantum-safe cybersecurity solutions, has been driven by a sense of urgency and responsibility to equip institutional clients to keep digital assets safe and secure,” said Christian Desjardins, Brane’s Head of Product. “For institutions managing crypto without a plan in place to counter quantum computing threats, the question is: what are you waiting for?”

While blockchains are highly secure by current standards, experts around the world recognize that quantum computing will soon change the game for every stakeholder in the digital asset ecosystem.

According to the Government of Canada’s recently released National Quantum Strategy: “Quantum computing presents a significant cyber-security risk, as it has the potential to break current security algorithms, including those commonly used over the Internet. Quantum computing-enabled malicious cyber activity could put personal information, financial systems, utility grids, infrastructure, and national security in peril.”

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“In the last 12 months, we have seen a rapid acceleration from governments and industry as a whole to begin migrating to post-quantum cryptography. Our company had the foresight to see this reality a long time ago, resulting in quantum-safe security that is built in, not bolted on. Our products have been built on quantum-safe foundations from the very beginning to enable the cryptographic agility, mobility, and scalability needed to keep up with rapid advances in technology, ensure true ownership of cryptographic material without vendor lock in, and support flexible cloud-scale deployment architectures,” said John O’Connor, Vice President, Product Management at Crypto4A. “We’re excited to partner with Brane, a recognized leader in blockchain security solutions, to set a new quantum-safe standard for digital asset custody.”

Beyond the immediate use case for custody of crypto tokens like Bitcoin and Ether, the strategic partnership between Brane and Crypto4A will empower banks and other financial institutions to mitigate quantum computing risks, alongside the full range of existing security threats, as they explore other applications of blockchain to their operations.

In addition to its technology business, Brane is the sole owner of Brane Trust Company Ltd., a trust company regulated by the Government of Alberta for the purpose of digital asset custody. Incorporated in September 2021, Brane Trust is progressing toward registration by Alberta’s Ministry of Treasury Board and Finance and status as a qualified custodian under Canadian securities law, which will enable the company to provide industry-leading, regulated custody for crypto asset trading platforms and exchange-traded funds (ETFs).

A backgrounder is available here: https://brane.ca/brane-and-crypto4a-enter-strategic-partnership-to-deliver-canadas-first-quantum-safe-custody-solution-for-digital-assets/

For more information:
Emile Scheffel
[email protected]

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About Brane

Founded in 2017, Brane Inc. is a carbon neutral Canadian fintech company dedicated to setting the standard in digital asset custody. Brane Vault, its core digital asset custody technology, is third-party certified to stringent global standards including SOC 2 Type 1, ISO 27001, ISO 27017, and NIST CSF Tier 4, and the company is insured against theft and crime. Brane has been recognized as one of Canada’s Best Workplaces in Financial Services and Start-Ups categories by Great Place to Work®, and one of Canada’s 10 Best and Brightest Companies by Canadian Business magazine.

About Crypto4A

Crypto4A Technologies Inc. is a Canadian cybersecurity technology company providing industry leading, next-generation Quantum-Safe Hardware Security Modules (HSM) and Security Platforms. Its products and solutions provide processing capabilities for classic and quantum-safe cryptography that is built in, not bolted on. Crypto4A enables the cryptographic agility, mobility, and scalability needed by enterprises and government agencies to secure their digital assets and infrastructure while adapting to changing markets, standards, and requirements.

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/156847

Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

LCT Secures VARA In-Principle Approval, Defining Its Role in Dubai’s Crypto Landscape

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Bybit One-Click Buy Offers a Winning Chance in First-Time Deposits Lucky Draws

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Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)

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blocks-&-headlines:-today-in-blockchain-(blackrock,-plume,-sealsq,-hedera,-deutsche-bank,-kucoin)

 

Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:

BlackRock ETF Embraces Blockchain with First Muni Bond Purchase

BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.

By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.

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Source: Yahoo Finance

Plume Secures Funding for Tokenization Platform

Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.

Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.

Source: Fortune

SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips

SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.

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As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.

Source: The Quantum Insider

Deutsche Bank’s Public, Permissioned Blockchain Initiative

Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.

The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.

Source: CoinDesk

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KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands

Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.

By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.

Source: PR Newswire

Industry Implications and Key Takeaways

Today’s developments highlight the transformative potential of blockchain across multiple domains:

  1. Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
  2. Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
  3. Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
  4. Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
  5. Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.

The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.

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