IBM moves to Full Crypto support mode
Last week, IBM launched Digital Asset Haven Portfolio to onboard banks and governments to BTC and blockchain technologies.
This new portfolio offering is designed to help institutions (finance, Gov and Corp) to securely manage BTC and blockchain-based assets. All of this work was done with their partner Dfns. This platform already supports over 40 blockchains all while offering institutional grade security.
Why is this IBM move important?
IBM is over 100 years old, all oriented in/around technology at Enterprise scale. And their enormousness size, can encumber product releases and not always first to market. This might be different with IBM building an infrastructure for traditional institutions to get into BTC. Clearly, this confirms BTC adoption is no longer a fringe offering but a mainstream player. Ar you watching and learning how banks and governments are preparing their BTC rails to hold and trade BTC. They are confirming what most of here on Pub0x have know for years. BTC is the future of money and those not adopting are risking rapid obsolescence.
Who is IBM’s partner Dfns?
They are a leading Wallet as a Service (WaaS) offering.
Learn more about Dfns
What are the essential platform offerings from IBM & Dfns?
- Governance and Entitlement Management via a unified framework for wallet access, policy enforcement, and transaction approvals. It’s supported by multi-party authorization workflows configurable for a broad range of operational scenarios.
- Holistic Security and Key Management is built on IBM’s infrastructure for secured digital asset operations, including support for Multi-Party Computation (MPC) and Hardware Security Module (HSM)-based signing using the IBM Crypto Express 8S HSMs embedded in IBM Z and LinuxONE. IBM Digital Asset Haven also integrates IBM Offline Signing Orchestrator (IBM OSO) for secured cold storage operations, which are required by regulatory bodies in an increasing number of jurisdictions globally. Combined with quantum-safe cryptography guidance, this approach is built to give regulated institutions the flexibility to generate, rotate, and store cryptographic keys to support their compliance requirements with jurisdictional mandates while also helping to prepare digital asset security against emerging, potential quantum threats.
- Integrated Third-Party Solutions designed to accelerate deployment with pre-integrated services for identity verification (KYC), financial crime prevention (AML), yield generation, and more. Clients can implement additional integrations via developer-friendly REST APIs, SDKs, and tools. This strategy positions partners and developers to integrate their solutions with IBM Digital Asset Haven to accelerate innovation.
- Transaction Lifecycle Management supports the blockchain transaction process, from automation and routing to monitoring and settlement, across more than 40 connected public and private blockchains.
IBM Digital Asset Haven Portfolio availability
- Initially is will be available as a SaaS (Software as a Service) sometime in Q425
- Then phased release for on-prem demands in Q226
Want full resources to learn more yourself?
IBM announcement here
IBM also released a blog for all things Digital Asset Haven Portfolio related
Summary
IBM the tech bellwether has clearly put all its weight behind BTC and blockchain by releasing their Digital Asset Haven Portfolio with the help of Dfns. This platform will help institutions regardless of being public or private rapidly develop the necessary guardrails to not only keep up but thrive in this new digital asset realm we now live in. Put another way is this a dog whistle for all those enterprises sitting on the sidelines waiting to jump into blockchain and BTC, yes!
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