Venture firm Two Sigma and Ethereum development studio ConSensys have invested $8 million into digital asset custody solution provider Trustology, Business Insider reports. Both investors would be joining Trustology’s board of directors.
London based Trustology, known for developing the TrustVault, a crypto management service that safeguards private keys by keeping them in “tamper proof, programmable hardware security modules hosted in secure data centers, with encrypted backups in the cloud.”
“Trustology’s unique blend of people, process, and key management technology offer industry defining digital asset security with speed of access and unrivaled ease of use. Trustology aspires to be the digital assets brand of the future,” Alex Batlin, Trustology’s Founder and CEO explained in the press release.
The funding from the investors is expected to be used to create new products, support more digital assets classes and attract international customers for its services.
Joe Lubin, Founder of ConsenSys, hailed Trustology, as he believes the startup is going in the right direction.
“By prioritizing security without the need to…