GK8 LAUNCHES TOKENIZATION WIZARD, ENABLING INSTITUTIONAL-GRADE TOKENIZATION OF ANY ASSET

GK8, a Galaxy Digital Holdings Ltd. company and leading enterprise-grade blockchain custody and monetization platform, has launched its Tokenization Wizard, an end-to-end application that paves the way for the future of digital ownership by enabling institutions to seamlessly and securely tokenize assets.

Through its easy-to-navigate interface, GK8's Tokenization Wizard guides users through the process of securing traditional assets-from real estate and fine art to intellectual property and even everyday objects-in the form of digital tokens. These tokens can then be fractionally owned, traded, and managed on a variety of blockchains.

Tokenization presents vast opportunities for businesses and investors, with some analysts predicting tokenized assets will reach $4 trillion in market value by 2030. However, tokenization also poses security challenges, making issuers vulnerable to cyberattacks. The Tokenization Wizard solves these concerns by leveraging GK8's multi-tier custody solution, including our Cold Vault technology, the only solution on the market to enable on-chain operations without an internet connection.

"Tokenizing real-world assets is quickly becoming a part of our reality across many industries and governments experimenting with local currency stablecoins, which makes them incredibly appealing for hackers to exploit given the sizable awards attached to these breaches," says Lior Lamesh, Co-Founder and CEO of GK8. "Our Tokenization Wizard, with its user-friendly interface and customizable options, revolutionizes the tokenization process, enabling users to tokenize assets with just a few clicks. Institutions can now leverage this innovative technology to facilitate new revenue streams, enabling them to adopt these new capabilities securely."

Additional benefits of the Tokenization Wizard include:

• True cold security - Utilizing GK8's Cold Vault enables institutions to issue smart contracts without the administrator's private keys ever going online, ensuring they are out of reach for hackers. Maintaining the security of these private keys is paramount to securing their "superpowers" and admin privileges required for minting, burning, and proxying to other smart contracts, among other privileges.
• Secure MPC - The Tokenization Wizard includes secure MPC (multi-party computation), adding varying levels of permissions and approvals for specific users to manage and regulate the ecosystem, including allowlists and blacklists.
• All-in-one platform - Beyond tokenization, institutions can use the GK8 platform as a single integrated platform to oversee all digital-asset operations, including custody, staking, deploying assets to DeFi, and more.
• Seamless issuance and token tracking - Utilizing the intuitive Tokenization Wizard requires no previous knowledge of coding or smart contracts and enables users to manage the full lifecycle of their tokens. The Tokenization Wizard also enables users to transfer ownership, track transactions, and manage whitelists.
• Tokenization of any asset - The Tokenization Wizard can create any kind of token, ranging from NFTs and utility tokens to security tokens and real-world assets. GK8 supports thousands of L1 and L2 protocols, including all ERC-20 and EVM-compatible chains.

The first client to utilize the Tokenization Wizard will be a partnership between DWS, one of the world's leading asset managers, Flow Traders, and Galaxy that intends to create AllUnity, whose mission is to revolutionize the on-chain economy by issuing a fully collateralized EUR-denominated stablecoin.

Institutions interested in exploring the Tokenization Wizard's functionalities can schedule a custom demo of the application here .

To learn more about tokenization and its impact on the global economy, join GK8's live webinar featuring Lior Lamesh, Co-founder and CEO at GK8, and Thomas Cowan, VP of Tokenization at Galaxy, to gain insights into "Everything You Wanted to Know About Tokenization (But Were Too Afraid to Ask)." The webinar will take place on April 11 at 9 AM ET .

About GK8

GK8, a Galaxy company, offers both traditional and crypto-native institutions an end-to-end platform for managing and monetizing blockchain assets. The company's regulation-ready solution features multiple layers of security including the world's first true Cold Vault, a patented, high-performance MPC vault, both governed by an enterprise-grade, granular policy engine. The company's Cold Vault is the only solution on the market that enables users to create, sign, and send blockchain transactions without connecting to the internet, eliminating all cyber attack vectors. GK8 customers have access to up to $1 billion in insurance, the highest on the market, making self-custody suitable for institutions and minimizing risk. GK8 clients include renowned financial institutions, banks, and custodians who trust the GK8 platform to manage billions of dollars worth of digital assets. The company's co-founders Lior Lamesh and Shahar Shamai have been recognized by Forbes, 30 Under 30 list.

About Galaxy

Galaxy (TSX: GLXY) is a digital asset and blockchain leader providing access to the growing digital economy. We serve a diversified client base, including institutions, startups, and qualified individuals. Since 2018, Galaxy has been building a holistic financial platform spanning three complementary operating businesses: Global Markets, Asset Management, and Digital Infrastructure Solutions. Our offerings include, amongst others, trading, lending, strategic advisory services, institutional-grade investment solutions, proprietary bitcoin mining and hosting services, network validator services, and the development of enterprise custodial technology. The company is headquartered in New York City, with global offices across North America, Europe, and Asia.

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