Locked Money announces beta launch of a trusted digital asset management solution

Blockchain startup Blocked money announced that Beta launch its trusted digital asset management solution, backed by seed capital and private investment rounds of over $1.1 million from its community. The state-of-the-art trading platform combines the advantages of custodial and non-custodial solutions, allowing users to maintain full control of their assets while accessing sophisticated legal frameworks, unparalleled tax benefits and world-class asset protection.

In the rapidly evolving crypto space, centralized custody solutions have proven time and time again to be virtual honeypots for hackers, fraudsters and malicious actors, representing a single point of failure that puts users’ funds at risk. More than $1.7 Billions were stolen from centralized exchanges in 2023 and $3.8 Billion in 2022. The changing regulatory landscape creates additional complexity as centralized entities are subject to the laws of their jurisdiction and may need to release customer data, freeze accounts upon request, or delist certain digital assets.

The European Union is just around the corner Crypto Asset Markets Act (Mica)For example, there were several exchanges including Bitstamp and OKX Removal of all “non-compliant” stablecoins from their European-based platforms, including Tether’s USDTstill the most widely used stablecoin in the industry and third largest cryptocurrency by market capitalization. Crypto users have learned the hard way that trusting your keys to a centralized entity means giving up sovereignty over your assets.

With the increasing popularity of DeFi solutions ~100 billion dollars With Total Value Locked (TVL) in its various protocols, the need for advanced non-custodial solutions has never been more urgent. Blocked money addresses the issues associated with centralized custodians by combining the security of trusted cold storage vaults with the benefits of traditional finance, providing a secure, tax efficient and easy-to-use service that meets the increasing needs of today’s crypto investors.

The Locked Money platform is based on the LMY token, which facilitates staking and other utility features and allows users to unlock benefits and rewards such as: B. sharing 10% of the revenue generated through subscriptions. The beta launch of Locked Money represents a significant milestone in the development of the platform, which has already undergone a security audit Pick sign security testing firm and continues to raise awareness and build a community around the project ahead of a public token sale ahead of the mainnet launch.

Blocked money The leadership team combines experience in traditional finance, digital assets, computing and compliance, working with leading global corporations and Big 4 law firms. The project’s consultants include Global web3 PR expert Dverse and renowned tokenomics leader Mark Milli.

CEO of Locked Money Gediminas Butkus commented:

“We’re excited to release the beta version of Locked Money and can’t wait to see how people interact with the mainnet and get their feedback on our product. We will spend the next few weeks refining the platform and growing the community before preparing for the mainnet launch.”

He added:

“With so many incidents related to crypto custody by centralized companies, we can’t wait to provide the crypto market with the solution they are looking for, coupled with expert wealth management services and advice to further develop their digital wealth strategies.”

The platform is currently open to the public in the coming weeks.

About blocked money

Blocked money is a groundbreaking, trusted digital asset management platform that combines the benefits of custodial and non-custodial solutions to give users full control over their assets while providing sophisticated legal frameworks, tax benefits and digital asset protection. The company faces the challenges of DeFi sector by providing a secure, tax efficient and user-friendly service that meets the increasing needs of crypto investors. The platform offers a multi-signature solution and a four-tier subscription model supported by the $LMY Token that facilitates staking and other useful features.

Media contact
Organization Name – Blocked money
website – https://locked.money/
City and Country: St. Vincent and the Grenadines

Recent Posts