Dutch digital security firm Gemalto has partnered with Ledger, a provider of security and infrastructure for cryptocurrencies and blockchain applications, to deliver security infrastructure for crypto assets applications.
Ledger’s Blockchain Open Ledger Operating System (BOLOS) will be integrated with Gemalto’s SafeNet Hardware Security Module (HSM) to develop a new joint platform that will enhance security for cryptocurrency and blockchain data assets.
The platform will allow a wide range of use cases, such as launching investable products on cryptocurrencies, or stocking cryptocurrencies securely, the companies said.
Ledger CEO Eric Larchevêque said: “As the market value of blockchain based solutions rises, so does the need for bank grade security products, when financial institutions are looking for dedicated, certified solutions. We plan to leverage SafeNet HSM to provide our clients in the financial industry with a unique, secure product line customized to their needs.”
Gemalto SVP of encryption products Todd Moore commented: “Beyond the financial services market, we are also working with Ledger to embed BOLOS into any device’s secure element and bring high-assurance security to markets like smart energy applications, home automation or wearables.”