GK8, the institutional-grade digital asset custody platform that is being acquired by Galaxy, has launched an updated policy engine that enables users to further adapt and customize the GK8 platform workflows to their own business logic. The updated policy engine allows institutions to tailor approval policies for every institutional workflow and procedure, and configure a list of rules that affect how transactions are handled and approved.
The updated policy engine for GK8’s digital asset custody platform enables financial institutions to set their rules and policies on their own, at any level they wish, while retaining complete control of their private keys. The policy engine is safely stored offline, and any change to a policy requires a series of predetermined quorum approvals, providing another layer of security. GK8’s regulation-ready solution includes both an unhackable cold vault as well as a patented MPC vault.