Trustology raises $8M to safeguard digital assets

Trustology has raised $8 million in a seed investment for technology and services to help private and institutional investors make sure that their digital assets are safe.

The money comes from Two Sigma Ventures and ConsenSys.

The latter helped incubate London-based Trustology.

Both investors will be joining Trustology’s board of directors.

Recommended videosPowered by AnyClip

Trustology’s first product, TrustVault, combines private key protection against cyber and physical threats with low latency execution.

The company said it can safeguard private keys and control code inside tamper-proof, programmable hardware security modules hosted in secure datacenters, with encrypted backups in the cloud.

“Key safeguarding is the catalyst for the world’s transition to digital assets and an inclusive shift for the internet economy,” said Trustology CEO Alex Batlin, “Trustology’s unique blend of people, process, and key management technology offers industry defining digital asset security with speed of access and unrivalled ease of use. Trustology aspires to be the digital trust brand of the future.”

Source