Belgian cold-wallet NGRAVE sets a new security standard for crypto storage

Right after the 2018 crypto market plunge, there was great doubt whether crypto was even a valid concept. Three Belgians set out to tackle what they believed to be the greatest hurdle for crypto adoption: security. 

Today, after years of research and development as well as raising $450,000 in the most successful crypto wallet pre-order campaign, NGRAVE reaches a new milestone: the global shipping of its flagship product ZERO, the coldest wallet. 

ZERO is not only the first EAL7 certified crypto hardware wallet, but is also the world’s first financial product to achieve the highest formal level of security.

NGRAVE is a Belgian blockchain and digital asset security provider making highly secure and user-friendly products.

“Having experienced a USD 10 million hack with my previous blockchain project, I asked my NGRAVE co-founders a simple question: ‘Where can one store their crypto and be able to sleep at night?’ We had no answer. So we decided to build it ourselves,” explains Xavier Hendrickx, NGRAVE’s CTO.

NGRAVE benefits

NGRAVE offers crypto users a complete product suite. ZERO, the offline touch-screen hardware wallet allows users to securely store and transact their crypto. GRAPHENE, the stainless steel encrypted backup solution ensures that users never lose their keys. It is not only made to withstand extreme conditions but also designed to be recoverable in the event of a loss.

“Sales reflect our clients’ appreciation of GRAPHENE’s added security layers, with 85% opting for the COMBO,” shares Edouard Vanham, Co-founder & COO. 

The heart of the solution is the NGRAVE Perfect Key. “When looking into existing key creation processes, we realized there were serious security gaps. So we reinvented the way keys are generated and also overcame the limitations of today’s widely used mnemonic wallets,” adds Ruben Merre, Co-founder and CEO of NGRAVE.

There’s also the firm’s LIQUID product, a convenient mobile app that connects users in real-time to the blockchain without ever exposing their private keys.

“What sets NGRAVE apart is the seamless integration of these three products, never compromising on security, always achieving a frictionless experience,” explains Jean-Jacques Quisquater, the second reference Bitcoin whitepaper.

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* This article was originally published here