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Cryptographic exchange focused on institutions Seed CX is launching a new portfolio solution aimed at adding security and transparency to its customers.
The company, which raised $ 15 million in funding last fall, announced on Thursday that its new portfolio includes a chain deal and provides each client with a single portfolio rather than using omnibus portfolios. Provided through its Zero Hash settlement branch, the new portfolios allow the exchange to synchronize internal accounting on the appropriate blockchain.
Therefore, market participants can independently verify all deposits, withdrawals and other transactions associated with their portfolio.
The new system also increases the number of portfolios that attackers would have to attack if they want to steal funds, according to a press release.
Edward Woodford, co-founder and CEO of Seed CX, said in a statement that the exchange is trying to "make it more difficult for hackers" to steal funds and limit the potentially stolen amount.
Woodford added:
"The chain settlement helps Seed CX provide business firms with an economic and performing experience, while providing the demand for operational and financial investors".
The public director of Zero Hash, Julie Myers-Wood, explained that the company has learned from the problems faced by other exchanges, according to a statement.
"Giving participants full visibility in their unique portfolios is an important part of this, but it's not enough." Zero Hash has a wide range of operational controls designed to offer investors a unique experience, "he added.
Multiple image of portfolios via Nicole S Glass / Shutterstock
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