FLETA adopts Ledger Vault crypto-custody solution

The French specialist in cryptocurrency security, Ledger, now provides its solution Vault at FLETA, a South Korean startup that publishes a blockchain platform of Dapps.

On LinkedIn, Ledger announced that the blockchain platform FLETA had integrated its institutional custody service for cryptocurrencies Ledger Vault.

Glad to announce that FLETA will use Ledger Vault to protect and secure its digital assets, ”wrote the three-color firm.

Founded in 2018 in South Korea, FLETA launched its blockchain in the fall of 2019. The start-up has also partnered with local government to build a POC network to improve the country's healthcare system.

With this integration, we are able to combine the scalability and speed of FLETA with the multi-authorization and approval features of Ledger Vault to provide token holders and DApps with the highest level of security, ”commented Paul Park, CEO of FLETA.

While Ledger has enjoyed worldwide success with its physical Nano S crypto-wallets and Nano X, the French company focuses today mainly on its conservation service Ledger Vault dedicated to institutional investors.

"Ledger not only provides security for storing cryptos, it also allows financial institutions to create custom governance rules. We help specialist companies, such as stock exchanges, funds and custodians, to fundamentally comply with portfolio management regulations. Our highest priority is Ledger Vault, ”Said Glenn Woo, Asia-Pacific region manager at Ledger, in an interview with Coindesk.

Last November, Ledger announced that digital coins stored through its safes Vault were now insured up to $ 150 million.