Israeli startup GK8 Developed Technology for Blockchain Transactions Without Internet Connection

GK8's custodian technology is already helping to securely manage digital assets for clients such as the social trading and multi asset brokerage company eToro. GK8's customers manage a total of more than $1 billion in digital assets.

Israeli startup GK8 Developed Technology for Blockchain Transactions Without Internet Connection
Israeli startup GK8 Developed Technology for Blockchain Transactions Without Internet Connection

The Tel Aviv based startup has completed seed funding round of $4 million, led by Check Point co-founder Marius Nacht and Israel Discount Capital Israeli startup GK8, which provides secure end-to-end management of digital assets, has completed the development of a patented technology for sending transactions to the blockchain without any direct or indirect internet connection. GK8 is now emerging out of stealth mode and announcing that it has completed a seed funding round of $4 million, led by Check Point co-founder Marius Nacht and Israel Discount Capital, Israel Discount Bank Investments Arm, with the participation of investors such as the blockchain VC firm EdenBlock, iAngels, IDEAL-HLS, StratX and Israel Innovation Authority.

The company was founded in July 2018 by the CEO Lior Lamesh and the CTO Shahar Shamai, who previously protected the State of Israel's strategic assets against cyber-attacks. GK8's advisory board includes cryptography expert and Zcash founding scientist Prof. Eran Tromer and Ilan Levanon, formerly the head of cybersecurity in an Israeli intelligence unit.

GK8 is currently targeting financial institutions, custodians, exchanges and hedge funds which hold cryptocurrencies.

GK8's custodian technology is already operational and helps to securely manage digital assets for clients such as eToro, a global multi-asset trading and investment platform. GK8's customers manage a total of more than $1 billion in digital assets.