Crypto Exchange Rokkex Incorporates Ledger Vault to Improve Security

French hardware wallet producer Ledger will provide its asset management system to Estonia-based crypto exchange Rokkex.

Cybersecurity-focused exchange

Built by Lithuanian cybersecurity and fintech professionals, Rokkex will integrate its trading platform with Ledger’s enterprise wallet management solution Ledger Vault to secure its crypto assets, according to a news release shared with Cointelegraph on Aug. 20.

Lukas Krikstaponis, Rokkex’s co-founder and CEO, said that the platform has successfully tested Ledger’s technology on its platform to date.

Demetrios Skalkotos, global head of Ledger Vault, explained:

“Rokkex’s customers expect full transparency and protection from crypto hacks. [...] By leveraging Ledger Vault, Rokkex will give investors total control of and instant access to their funds while providing them the peace of mind that their assets are secure, without sacrificing convenience.”

Founded in 2018, Rokkex is a regulated crypto trading platform, reportedly authorized by the Estonian Financial Intelligence Unit to provide crypto wallet and crypto exchange services. Ledger Vault integration comes amid the upcoming Rokkex security token offering, with the presale scheduled for Aug. 26.

Rapid success

According to the news release, Ledger Vault is a multi-authorization governance infrastructure for the management of crypto assets that is specifically designed for the needs of enterprise and institutional clients such as Rokkex.

As reported, Ledger Vault was first rolled out in May 2018 as a digital asset security tool targeting institutional investors. Ledger subsequently expanded its operations to New York in November 2018, appointing a former Intercontinental Exchange executive as head of global operations.

Recently, Ledger announced that it would be providing its technology to Canadian cryptocurrency broker Voyager Digital.