🔒 Securely Storing Crypto Assets
Today's Highlights
- Cashmere - Secure Solana Multisig Wallet
- Today's Infographic
- In Other News - a few interesting developments we're tracking.
Cashmere - Secure Solana Multisig Wallet
Cashmere is a Crypto wallet facilitating company that is built on top of the Solana blockchain. The company was designed to service web3 companies to store their crypto assets safely; it also helps protect assets even if “hot” wallets like Solana-based Phantom or Slope are compromised. A hot wallet is a wallet that runs on computers, mobile phones, and other digital devices that can be connected to the Internet.
The cold wallet is one of the safest cryptocurrency storage methods in the real-time scenario. The reason behind the same is that a cold wallet is a cryptocurrency wallet that is not connected to the network, so the chance of hacking is relatively low. Cashmere was built to offer Solana users institutional-grade security without having to rely on cold storage solutions.
Cashmere also supports multi-signature. It allows companies to require multiple wallets to approve transactions, which enhances the security of enterprise wallets and eliminates a single point of failure that results in a secured self-custody option.
Cashmere wallet has completed its integration of the Solana Name Service (SNS) to their web based platform. With the rising demand for treasury management from existing projects and DAO organizations, the product delivered by Cashmere will solve the pain of managing shared ownership. Cashmere believes that integrating the SNS to simplify the payment process will provide great convenience for treasury teams of SOL projects.
Shashank Khanna, Rebecca Lee and Charlotte McGinn are the co-founders of Cashmere. Cashmere has raised $3.7M in funding.