SAN FRANCISCO, March 26, 2024 / AlexaBlockchain/ – Arculus, the revolutionary digital security platform that delivers best-in-class authentication and digital asset security, now provides cold storage wallet support for HASH, the native utility token for the Provenance Blockchain, one of the world’s largest blockchain networks with nearly $10 billion of financial assets under administration and $30 billion in supported transactions as of February 29, 2024.
Provenance Blockchain, which is purpose-built for regulated financial institutions, fintechs and DeFi brands, features institutional-grade risk and control functions built-in to the protocol. A core tenet is safety and security for users. Under today’s announcement, users can easily self-custody HASH through the Arculus® cold-storage based mobile wallet.
Given the growing need and criticality for self-custody tools that allow crypto users to maintain full control over their cryptocurrency and other digital assets, Arculus offers unique 3-factor authentication: biometric, private 6-digit PIN and the Arculus card, making Arculus the most innovative cold storage solution on the market. Arculus customers can access and transfer their digital assets on Provenance Blockchain. Those interested in transferring, managing, and securely storing their HASH and other digital asset holdings can purchase an Arculus card at getarculus.com and access the Arculus wallet app through either the Apple Store and Google Play.
Arculus was developed by CompoSecure, Inc. (Nasdaq: CMPO), a leader in metal payment cards, security, and authentication solutions for banks, fintechs, and other businesses around the globe.
“Arculus is a simple, sleek, novel, and most importantly, secure digital platform for holding and transferring digital assets. Particularly attractive to many in the Provenance Blockchain ecosystem is its backing by CompoSecure, who is the leader in metal card and secure authentication solutions for traditional financial institutions,” noted Joshua Maddox, Head of Developer Ecosystem at Provenance Blockchain Foundation. “We’re excited to welcome Arculus to the Provenance Blockchain ecosystem.”
“Provenance Blockchain has made tremendous progress in the tokenization of real world assets with nearly $10B in total value locked. With Provenance Blockchain and HASH support now available through the Arculus cold storage wallet, token holders can securely self-custody their digital assets—a necessary capability for participating in the expanding DeFi ecosystem around Provenance and tokenized real world assets.” said Tom D’Eletto, Head of Product at Arculus. “We’re excited to have added support for Provenance Blockchain and look forward to continuing to work with Provenance on the future of financial services.”
HASH holders and institutions interested in leveraging Provenance Blockchain can learn more by visiting: https://provenance.io/connect/arculus/
ABOUT ARCULUS
Developed by CompoSecure (Nasdaq: CMPO), Arculus® is the revolutionary digital security platform that delivers best-in-class authentication and digital asset protection. Ancient Romans called on Arculus, the god of safes and strongboxes, to ensure the protection of their cherished possessions. Today, Arculus is the contemporary incarnation of this vigilant deity, safeguarding your critical digital assets and identity. With our innovative hardware and software solutions, you have secure and convenient metal card and app technology, ensuring that only you control the private keys to your assets.
ABOUT PROVENANCE BLOCKCHAIN
Provenance Blockchain is modernizing financial services with properly permissioned, public blockchain technology. Since 2018, leading banks, asset managers and fintechs have leveraged the purpose-built Provenance Blockchain to deploy assets cheaper, faster, and safer than ever before. Provenance has become one of the world’s largest blockchain networks with nearly $10 billion of financial assets under administration and $30 billion in supported transactions, as of February 29, 2024.
The decentralized Provenance Blockchain is built with Cosmos SDK and uniquely balances open-source innovation, with the added benefit of institutional-grade risk and control functions built-in to the protocol. The native utility token, HASH, is used to pay transaction fees and enable governance. Please visit Provenance Blockchain at Provenance.io or visit Provenance Blockchain via Twitter @provenancefdn and on LinkedIn.
Source: Arculus
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