Originally posted on the Hub Security blog here
Leading security token issuance and asset servicing platform, TokenSoft officially announced its partnership with Hub Security. Hub Security’s next-gen HSM offers Tokensoft clients military-grade key management and cryptographic storage solutions built uniquely to safeguard against blockchain’s most critical cyber threats. Also, Hub security’s solution enables the secure remote handling of large amounts of assets- feature much needed in times when senior officials are in isolation or cant physically reach on premise security systems, due to social distancing. “Covid-19 prevents people from coming to work and operating the on-premise security systems that controls large amounts of assets” said Eyal Moshe CEO of Hub Security. Hub security enables to do that remotely with the same security standard”
TokenSoft is a leading technology platform for companies seeking to issue and manage digital securities on the blockchain, at scale, and in a compliant manner. This latest effort will provide heightened security and protection for its blockchain-based tokenization and management solutions.
Beginning 24/3/20 clients of TokenSoft’s transfer agent, DTAC, will enjoy the benefits of Hub Security’s miniHSM solution, which provides issuers with a highly secure cryptographic environment for the issuance, management, and trading of tokenized assets. HUB Security’s miniHSM uniquely allows end-to-end encrypted USB and wireless Bluetooth connectivity, making its endpoint usage continuously accessible.
TokenSoft customers will automatically be provided with a top-tier key management solution that ensures their tokens and assets are both safe and secure with the implementation of Hub Security’s next-gen HSM device and independent OS for the encryption, management, and distribution of keys.
“In an era lacking institutional-grade technology solutions for security tokens, we’re delighted to partner with Hub Security to offer TokenSoft customers the most advanced key management solution available. TokenSoft continues to hold customer security as a key priority. TokenSoft’s new partnership with Hub Security allows us to provide members with top-tier, military-grade protection for their tokens, keys and assets –– accessible from anywhere in the world,” said Mason Borda, TokenSoft’s CEO.
An increasing wave of security concerns related to the use of blockchain has continued to raise alarm bells across the nascent industry, struggling to find its footing. The growing consensus among blockchain security experts outlines the need for blockchain-compatible security solutions that will address the threat of data theft and exploitation.
Hub Security’s miniHSM is the first of its kind to attempt to tackle this issue. Built uniquely for the use of tokens, cryptocurrencies and other blockchain-based products, the HSM solution offers scalable, air-tight security that can support any blockchain-based digital asset –– with a guarantee of insured protection.
Tel Aviv, Israel, HUB Security is Utilizing military-grade cybersecurity tactics for its miniHSM that is designed for FIPS140-2 Level 4 protection –– the highest protection level available for mobile cryptographic security solutions on the market to date.
HUB Security’s combination of hardware and software solutions includes ultra-secure internal signing authorization flow with a multi-signature vault, hardware firewall, access control, and a deep neural network learning system designed to anticipate and prevent cyberattacks.
“At HUB Security, we highly believe in this partnership with TokenSoft who has been leading the STO wave in the US, both as a platform and as a Northern star for regulation and compliance,” said Eyal Moshe CEO of Hub Security. “HUB Security’s end-to-end approach to the development and delivery of its hardware and software components ensures the highest level of security throughout the entire product lifecycle.”
TokenSoft is the leading technology and security platform for companies seeking to issue assets on the blockchain, at scale, in a compliant manner. TokenSoft’s platform offers a full suite of technology and consulting services to meet the needs of the entire lifecycle of a digital security. https://www.tokensoft.io/
Hub Security is a top-tier, military-grade provider of HSM and key management solutions for fintech, cloud and blockchain security. Leveraging military-grade cybersecurity tactics and utilizing cutting-edge innovations, HUB Security has developed a family of products that provide the highest level of enterprise security available on the market today. https://hubsecurity.io/