Blockchain Cybersecurity Company GK8 is <a href="https://pr.reblonde.com/gk8-stellar/">reportedly</a> going to offer custody and tokenization services to the Stellar network. As revealed, this move will be providing Stellar Lumen (XLM) token with the potential of attracting institutional interest. 
<h2>GK8 Blockchain Company Integrating with Stellar Network</h2>
It has been officially revealed that the amalgamation of GK8 with Stellar will be allowing the customers of GK8 to access XLM investments in a custodial setting, opening the door to offline transactions of the digital currency. 

Moreover, it has been disclosed that the infrastructure of GK8 terminates the risk of cyberattacks while also providing expandable, high-frequency transactions. 

Lio Lamesh, the Co-founder of GK8 laid an emphasis on the partnership and said:
<blockquote>“The partnership enables XLM’s institutional investors to generate new revenue streams, digitize assets, trade, and transform currency as it’s sent.”</blockquote>
Talking about the operations of Stellar, it <a href="https://www.cryptoknowmics.com/news/stellar-xlm-blockchain-upgrades-to-protocol-17-update/">operates</a> as a blockchain-based payment network that initially forked away from the XRP protocol back in the year 2014. The coin has a total market capitalization exceeding $9.8 billion, and it places the coin in 22nd place among crypto projects. 
<h2>Increased Institutional Interest for Cryptocurrencies</h2>
In recent times, it has been witnessed that the interest of institutional investors is surging, and it is because of the emergence of new use cases for digital assets. 

According to a survey, a significant amount of wealth managers are planning to buy cryptocurrencies or increase their already existing crypto holdings. 

Back in the month of August, Securrency, the firm backed by State Street integrated with GK8 in order to expand its tokenized infrastructure. Also, it engaged <a href="https://www.cryptoknowmics.com/news/mastercard-announces-global-program-for-crypto-startups/">Mastercard </a>in its Startup Path program.

In addition to this, it should be noted that the traditional financial institutions have also started rolling out institutional custody services. 

Back in the month of May, Cowen, a hundred-plus-year-old bank revealed that it wants to hold cryptocurrencies on behalf of asset managers and hedge funds.

GK8 Blockchain Cybersecurity Company to Offer Custody and Tokenization Services to Stellar Network

Blockchain Cybersecurity Company GK8 is reportedly going to offer custody and tokenization services to the Stellar network.

Sahaj is an aspiring journalist with a keen interest in cryptocurrency and the whole concept of Blockchain technology. He is positive about the future potential of Cryptocurrency and Blockchain in shaping the world of finance for good. At present, he is covering the latest developments in the field of the cryptosphere.

GK8 Blockchain Cybersecurity Company to Offer Custody and Tokenization Services to Stellar Network

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