Guernsey’s ITI Funds says deal enables it to avoid crypto market risks

Guernsey-based investment company ITI Funds has said it has entered into a partnership that arms it with a technology to significantly reduce risks inherent in cryptocurrency transactions.

ITI Funds’ acquisition of a stake in Russian technology company Cracc gives the British firm access to a multi-signature solution that would enable it to avoid many of the “risks specific to the cryptocurrency market – hacking, loss of private keys, and transfers to incorrect addresses”, a statement from ITI Funds quoted its CEO, Gleb Yakovlev, as saying.

Multi-signature is a security scheme involving the use of more than one digital signature to authorise a crypto transaction.

To read the full story, please visit: Emerging Markets


Access to information displayed on this website may be restricted to certain persons in certain countries. ITI Funds does not intend information concerning ITI Funds products to be shown to any persons and/or entities who are prohibited from seeing such information by their country of residence, domicile and/or incorporation (as applicable). Users of this website must ensure that they are legally permitted to log on to this website in the country where they do so.

Please, read the full text of Terms and Conditions.

ITI Funds | | Tel: +44 1481 713921