Binance Labs makes a strategic investment in NGRAVE
According to a November 21 announcement, Binance Labs makes a strategic investment in and leads the upcoming Series A round of NGRAVE, a blockchain and digital asset security provider dedicated to providing maximum security solutions, friendly to the cryptocurrency user community.
Yi He – co-founder of Binance and head of Binance Labs commented:
“Security remains one of the biggest barriers to crypto adoption. Self-governing wallets are one of the safest ways to store digital assets, and through our investment in NGRAVE, we’re looking to continue supporting innovative startups to grow enhance user security.”
Tyler Z – Chief Investment Officer at Binance Labs said:
“Cold wallets are one of the safest solutions for self-hosting and storing digital assets, especially in volatile and turbulent markets. NGRAVE’s premium product suite delivers a smooth and intuitive user experience, along with structured security enhancements. Binance Labs is excited to partner with NGRAVE to bring sophisticated wallet products to both retail and institutional users.”
Ruben Merre – co-founder and CEO of NGRAVE also affirmed
“We take a hands-on end-to-end look at how users can protect their crypto. For example, when we looked at existing key generation processes, we found serious security vulnerabilities. So we reinvented key generation and also overcome the limitations of today’s widely used mnemonic wallets.
Our goal has always been simple: we want to make the crypto world a safer place for everyone. Our mission is to empower people to protect their wealth, so they can live the life they want. As the world of crypto continues to evolve, we are excited to build with Binance Labs to give us that peace of mind.”
Learn about NGRAVE
NGRAVE is a digital asset security provider that provides user-friendly maximum security solutions for blockchain and cryptocurrency use cases. Its flagship product — the crypto hardware wallet “NGRAVE ZERO” — is the only financial product in the world with the highest security certification: EAL7.
Founded in Belgium in 2018, NGRAVE has developed a 3-tier security suite that includes ZERO, a connectionless touchscreen hardware wallet, LIQUID mobile app that connects users in real time to the blockchain, and GRAPHENE, encrypted and recoverable backups to ensure users never lose their wallet keys.
NGRAVE gives crypto investors a truly end-to-end self-custodial solution and is easy to use from key generation to failover.
The partnership between Binance Labs and NGRAVE promises to bring new experiences and potential to users in the web3 world!