GK8 Boosts Institutional Participation in Avalanche DeFi with uMPC Integration

NEW YORK, March 13, 2025 /CNW/ - GK8 by Galaxy has integrated its unlimited MPC (uMPC) technology with the Avalanche blockchain, providing institutions secure access to decentralized finance (DeFi) applications. This integration enables users of GK8's custody platform to deploy digital assets into liquidity pools, staking protocols, and other DeFi services through MetaMask Institutional (MMI), a multi-custodial web3 wallet.

DeFi continues to provide alternatives to traditional finance, with Avalanche emerging as a preferred blockchain for these applications due to its low transaction fees, near-instant finality, and compatibility with Ethereum-based smart contracts. By adding Avalanche support, GK8 enables institutions to interact with DeFi securely and efficiently while following strict custody and compliance standards.

"Avalanche's speed and scalability are key advantages for institutions engaging with DeFi," said Lior Lamesh, CEO and Co-Founder of GK8 by Galaxy. "Our uMPC technology ensures that users can participate securely and efficiently, reinforcing trust in blockchain-based financial services."

"GK8's uMPC solution supports all EVM-compatible chains, making it a valuable tool for institutions seeking secure access to DeFi. Ensuring that assets remain protected without sacrificing transaction speed is critical to fostering institutional participation in decentralized finance," said John Nahas, Chief Business Officer at Ava Labs in the platform developer of Avalanche.

GK8's uMPC technology allows for an unlimited number of co-signers, with cryptographic key shards distributed globally or locally, on-cloud or on-premise, and secured by hardware security modules (HSM). This infrastructure is designed to meet evolving regulatory requirements while maintaining operational flexibility.

To schedule a demo of GK8's uMPC, visit https://bit.ly/41G0DVo 

About GK8 by Galaxy
GK8, a Galaxy (TSX: GLXY) company, provides the most reliable and comprehensive self-custody technology for digital assets, enabling regulated self-custody, digital asset management, and token issuance. With its patented Impenetrable Vault and uMPC technology, GK8 empowers traditional financial institutions and crypto-native companies worldwide with the tools they need to navigate the digital asset economy with confidence. In a market where trust is an institution's most valuable asset, GK8 protects the institution's reputation by setting the highest standard for digital asset custody, paving the way for the mass adoption of digital assets. For more information, please visit https://www.gk8.io/.

About Avalanche
Avalanche is an ultra-fast, low-latency blockchain platform designed for builders who need high performance at scale. The network's architecture allows for the creation of sovereign, efficient and fully interoperable public and private layer 1 (L1) blockchains which leverage the Avalanche Consensus Mechanism to achieve high throughput and near-instant transaction finality. The ease and speed of launching an L1, and the breadth of architectural customization choices, make Avalanche the perfect environment for a composable multi-chain future.

Supported by a global community of developers and validators, Avalanche offers a fast, low-cost environment for building decentralized applications (dApps). With its combination of speed, flexibility, and scalability, Avalanche is the platform of choice for innovators pushing the boundaries of blockchain technology.

Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.

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SOURCE GK8

Investor Relations Contact: Jonathan Goldowsky, [email protected]; Media Relations Contact: Michael Wursthorn, [email protected]