Blockchain
Ledger Vault Enters Into Agreement with YouHodler To Protect and Secure Funds
Ledger, the global leader in security and infrastructure solutions for critical digital assets and blockchain applications, has announced that YouHodler, a FinTech platform and crypto-backed loan service provider, has selected Ledger Vault, the multi-authorization digital asset wallet management solution, to be implemented across its platform, offering users an added layer of security and safety.
YouHodler, an EU and Swiss-based company, will adopt Ledger’s high standards for liquidity management by integrating Ledger Vault’s unparalleled digital asset management system into its lending platform to add an additional layer of security for its users in a simple and safe manner. Ledger Vault will provide the security infrastructure to protect YouHodler’s customers and their digital assets.
The incorporation of Ledger Vault will serve YouHodler’s need to provide its users protection for their cryptocurrency assets. In addition, branded Ledger Nano devices will also be offered to a population of users. Ledger Vault’s technology, unlike that of traditional custodial solutions, enables platforms to build highly secure, multi-signature governance rules while ensuring liquidity within the platform is maintained at an optimal level on a 24/7 basis. The Vault technology creates a secure, flexible, and agile environment that will enable YouHodler users to secure their crypto-assets on the Ledger Vault platform, while leveraging the company’s offering of fiat loans backed by crypto-assets.
As a company that started in 2018 with a focus on providing improved crypto-backed lending solutions, YouHodler strives to safely store crypto as collateral on their platform by leveraging traditional fiat loans, in addition to offering products such as, crypto savings accounts where users can earn up to 12% APR on deposits, crypto wallets for storage, an integrated crypto exchange to quickly convert fiat, crypto, and stablecoins, and asset multiplication tools like Multi HODL and Turbo Loans. Those utilizing the YouHodler platform will be comforted by Ledger’s reputation for safety. All Ledger Vault customers including YouHodler benefit from the Vault platform’s custom $150 million pooled crime insurance.
“Client safety, efficiency, and convenience are YouHodler’s primary concern and with our new Ledger Vault partnership, we can proudly say we have these concerns fully covered by one of the best in the industry,” said Ilya Volkov, CEO at YouHodler. “With these additional layers of security, our users can explore YouHodler like never before, taking full advantage of our crypto savings accounts, instant crypto-backed loans, and our trading/crypto multiplication suite for their complete benefit. I’d like to personally thank those at Ledger Vault for this terrific opportunity for our business and our community and I’m looking forward to a long and fruitful relationship with this innovative team.”
“Ledger Vault continues to expand operations in the competitive DACH market, given the fact that we perform at the high standards that the region has come to expect when it comes to security. Our customers can rest assured that their security is our number one priority,” said Alexandre Lemarchand, Vice President, Global Sales, Ledger. “By partnering with Ledger Vault, YouHodler’s users can take advantage of that commitment to security, all while receiving a peace-of-mind and an added layer of safety and insurance against the threats from hackers—something that is prevalent in the cryptocurrency space.”
Ledger Vault, an enterprise infrastructure technology platform, brings the security and trust that the crypto community has come to know from the company’s industry-leading and independently certified hardware wallets. Vault is a multi-authorization, governance infrastructure, secure solution with a tailored crime insurance program for the management of crypto assets that was specifically engineered with the needs of clients like YouHodler in mind.
Blockchain
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Blockchain
This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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