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Crypto Custodian HyperBC Gets Lithuanian Financial License and Focuses on Regulatory Framework – Press Release Bitcoin News
press release
PRESS RELEASE. HyperBC Group has acquired a Lithuanian Financial License No. 305790868 to accelerate its global compliance operations. The company has been granted a license that will enable it to offer solutions for crypto custody within a regulatory framework. As a pioneering provider of asset custody solutions, HyperBC makes it easier for businesses to store crypto assets with risk control technology and customized and scalable solutions.
Since its inception in 2017, HyperBC has managed USD 10B crypto assets for more than 100 businesses worldwide, marking its authentic position in the Blockchain industry. The leading provider of crypto custody solutions enables the secure circulation of crypto assets while offering complete security for blockchain-based companies.
When we talk about the new development, Sebastian Zhao, general manager of HyperBC, so:
HyperBC made a breakthrough in the compliance process and received the Lithuanian license for the storage of crypto-assets. Meanwhile, HyperBC will actively continue to apply for licenses in other countries in the future to provide users with more compliant, professional, safe and efficient custody solutions for crypto-assets under the supervision of financial institutions.
In a market where blockchain technology is expanding the realm of digital assets, HyperBC intends to address the needs of institutional investors by providing a compatible investment platform.
Operationally, HyperBC delivers several products to its users. However, the three outstanding products that draw the attention of the global market are HyperPay (digital wallet) and HyperMate (hardware wallet).
HyperPay
HyperPay is the multi-ecosystem, custodial and Web3 wallet launched in 2017 with the mission of enhancing crypto holders’ experiences while offering all-in-one solutions to secure, store, transfer and manage trending digital assets from the single app.
The wallet connects the built-in exchange CoinW and major investment platforms such as BitEarn, BitLoan to ensure that users can have the best accessibility in the world, trading and investing at the same time. Users can also manage assets preferably on-chain, off-chain, or connect to Hardware Wallet (HyperMate), providing extensive accessibility options.
Currently, the wallet supports ETH, TRON, EOS, BNB chain, OEC, HSC, Polygon, AVAX, Fantom, SOL, Optimism, Arbitrum and other public chains including top Defi and DApp. Due to its multi-functional features, HyperPay gained momentum with over 1 million global crypto users, managing over a billion dollars in funds.
HyperMate
HyperBC launched the hardware wallet HyperMate, one of the best competitors for recognized Ledger, giving crypto traders an alternative to have access to the most secured option. The device is available in two versions, HyperMate PRO and HyperMate G, with a promotional price of USD 229 and USD 129 respectively.
The underlying innovative CC EAL6+ security chip, dual-core CPU, built-in OLED display, advanced fingerprint authorization, multi-signature support, dual and FCC authentication, BIP32/BIP39/BIP44/BIP45 compliance and other military-grade security ensure users’ private keys becomes impenetrable under severe cyber attacks.
The wallet also supports a variety of tokens, including BTC, ETH, BNB, OEC, Polygon, BCH, LTC, EOS, QTUM, TRX and FIL, among other ERC20 TRC20 and QRC formats. In particular, the wallet uses an open firmware security code, which can also traceably eliminate the backdoor risk, making it far ahead of the competition.
About HyperBC
The leading crypto asset solution provides the bandwidth to store and manage digital business assets for businesses on the Blockchain. The platform offers a fully managed cutting-edge security solution, MPC (multi-party computation), which allows data owners to collaborate anonymously, while TEE (Trusted Execution Environment) protects data operations at the hardware level.
Nevertheless, the Multi-cloud TEE security architecture is scalable, cost-effective and focuses on compliance and anti-money laundering (AML) measures. This makes HyperBC the industry’s best provider of custody services to eliminate the risk associated with illegal digital assets. With USD 10 billion in assets and 100+ corporate clients, the company has also jumped to its position as the leading provider of custody services.
As the crypto industry evolves, HyperBC will take deliberate steps towards compliance monitoring to accelerate the adoption of digital assets worldwide. By embracing regulation, HyperBC aims to become an essential medium for the adoption of cryptoassets among individuals and institutional investors, enabling the safe circulation of digital assets while supporting blockchain-based financial products.
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