{"id":501117,"date":"2022-10-14T22:41:58","date_gmt":"2022-10-14T19:41:58","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/50b-asset-custody-platform-gk8-enters-brazil-with-license-agreement\/"},"modified":"2022-10-14T22:41:58","modified_gmt":"2022-10-14T19:41:58","slug":"50b-asset-custody-platform-gk8-enters-brazil-with-license-agreement","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/50b-asset-custody-platform-gk8-enters-brazil-with-license-agreement\/","title":{"rendered":"# $50B asset custody platform GK8 enters Brazil with license agreement"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3fe8b80e6f8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3fe8b80e6f8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/50b-asset-custody-platform-gk8-enters-brazil-with-license-agreement\/#%E2%80%9D_50B_asset_custody_platform_GK8_enters_Brazil_with_license_agreement_%E2%80%9C\" >&#8221; $50B asset custody platform GK8 enters Brazil with license agreement &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_50B_asset_custody_platform_GK8_enters_Brazil_with_license_agreement_%E2%80%9C\"><\/span>&#8221; $50B asset custody platform GK8 enters Brazil with license agreement &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMTVlZDYzMGEtZTdkZi00ZTJlLWI0YzUtOTU3OWQ2ZDlhZmM5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-4b69a2fe>Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil \u2014 a move both companies say would support continued adoption in Latin America\u2019s largest economy.\u00a0<\/p>\n<p>Under the partnership agreement, GK8 will license its institutional-grade custody platform to 2ND Market to give Brazilian users access to a wider range of crypto products and services. In particular, 2ND Market will leverage GK8\u2019s integration with MetaMask Institutional, a multi-custodial wallet, to provide users with access to decentralized finance (DeFi) and Web3 crypto assets. <\/p>\n<p>Founded in 2018, GK8 reportedly manages roughly $50 billion of digital assets \u2014 up from $1 billion two years ago \u2014 and utilizes an air-g<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed Cold Vault to eliminate cyber attacks. The company has established custody partnerships with the\u00a0crypto trading platform INX, the Stellar blockchain network and the State Street-Backed Securrency, among others. <\/p>\n<p>2ND Market operates as a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> ecosystem that is trying to bridge infrastructure and crypto usability. The holding company operates multiple entities that work together to support crypto integration and adoption in Brazil. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>The blue fox: DeFi\u2019s rise and the birth of Metamask Institutional<\/em><\/strong><\/p>\n<p>GK8 referenced a study by crypto exchange KuCoin showing an upsurge in Brazilian crypto adoption as a key reason for establishing the partnership. According to the KuCoin report, roughly 16% of Brazilians \u2014 over 34.5 million people \u2014 have exposure to digital assets like Bitcoin (BTC) and Ether (ETH). A separate report from the Gemini crypto exchange in April also concluded that Brazil was leading the world in terms of digital asset adoption. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Brazil is going deeper into CBDC with a new test from Mercado Bitcoin. https:\/\/t.co\/F5FYMo9iLa<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1529290407401734146?ref_src=twsrc%5Etfw\">May 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nCrypto adoption in Brazil is growing on multiple fronts. Brazil\u2019s tax authority recently reported that, as of August, over 12,000 companies had digital assets on their books. Meanwhile, Rio de Janeiro just announced that it would begin accepting crypto for property tax payments.<\/p>\n<p>When asked about the state of crypto in Brazil, GK8&#8217;s co-founder and CEO Lior Lamesh told Cointelegraph that soaring inflation and a collapsing local currency have both served as adoption drivers:<\/p>\n<blockquote><p>\u201cWith inflation at 10% and a weakening Brazilian real, it is no wonder why crypto adoption in Brazil stands at approximately 16%. In fact, Brazil is at #7 in the Chainalysis crypto adoption index, the highest-ranked country in South America, and not far behind the USA. We believe that macroeconomic winds will continue to drive adoption higher.&#8221;<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/50b-asset-custody-platform-gk8-enters-brazil-with-license-agreement\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; $50B asset custody platform GK8 enters Brazil with license agreement &#8220; Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil \u2014 a move both companies say would support continued adoption in Latin America\u2019s largest economy.\u00a0 Under the partnership agreement, GK8 will&#8230;<\/p>\n","protected":false},"author":1,"featured_media":501118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMTVlZDYzMGEtZTdkZi00ZTJlLWI0YzUtOTU3OWQ2ZDlhZmM5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[133064,93542,22483,117],"class_list":["post-501117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-metamask","tag-web3","tag-brazil","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=501117"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/501117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/501118"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=501117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=501117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=501117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}