Binance Labs announced it has made a strategic investment in hardware wallet maker NGRAVE, and will lead its upcoming Series A round.

NGRAVE wants to provide crypto users with simple security options. Its offerings include GRAPHENE, an encrypted and recoverable key backup, LIQUID, a mobile app, and ZERO, a connectionless hardware wallet with EAL7 security certification.

NGRAVE’s CEO, who also served as the company’s co-founder, asserts that his business has avoided the drawbacks of current-generation mnemonic crypto wallets, which are quite popular. They will be made available to institutional and retail cryptocurrency investors alike.

Yi He, Co-Founder of Binance and Head of Binance Labs, stated:

“Security remains one of the biggest hurdles for crypto adoption. Self-custodial wallets are one of the most secure methods for storing digital assets and through our investment in NGRAVE, we are looking to continue backing innovative startups that enhance user security.”

Binance and Ledger, a manufacturer of hardware wallets, partnered in early November to enable Binance users to send cryptocurrency through Ledger directly using their bank cards.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Website: coincu.com

Harold

Coincu

Binance

Binance Labs

Hardware wallet

Ledger

NGRAVE

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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News

Binance Labs Made Strategic Investment In Hardware Wallet Maker NGRAVE

Binance Labs announced it has made a strategic investment in hardware wallet maker NGRAVE, and will lead its upcoming Series A round.

NGRAVE wants to provide crypto users with simple security options. Its offerings include GRAPHENE, an encrypted and recoverable key backup, LIQUID, a mobile app, and ZERO, a connectionless hardware wallet with EAL7 security certification.

NGRAVE’s CEO, who also served as the company’s co-founder, asserts that his business has avoided the drawbacks of current-generation mnemonic crypto wallets, which are quite popular. They will be made available to institutional and retail cryptocurrency investors alike.

Yi He, Co-Founder of Binance and Head of Binance Labs, stated:

“Security remains one of the biggest hurdles for crypto adoption. Self-custodial wallets are one of the most secure methods for storing digital assets and through our investment in NGRAVE, we are looking to continue backing innovative startups that enhance user security.”

Binance and Ledger, a manufacturer of hardware wallets, partnered in early November to enable Binance users to send cryptocurrency through Ledger directly using their bank cards.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

Coincu

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