Frequently Asked Questions

What is a digital asset?

A digital asset is a resource with economic value which exists in the form of data. Cryptocurrency is a type of digital asset.

What is the difference between ‘hot’ and ‘cold’ storage?

Cold storage refers to keeping the private keys representing digital assets (ie. Bitcoin) in an offline storage system. As this method of storage does not include network access, it affords increased security. Hot storage refers to keeping these private keys in a storage system which is connected to the Internet.

Is KNØX funded by investors?

In June 2018, KNØX raised USD $6.2 million. Investors include iNovia Capital (former Google CFO Patrick Pichette and Blackberry’s COO Dennis Kavelman) and Initialized (former Y Combinator partner Garry Tan and former Reddit CEO Alexis Ohanian). Additional investors include one of the largest global asset managers, FJ Labs and Ferst Capital.

What types of clients do you serve?

Our clients include traditional financial institutions, asset managers, high net worth individuals, cryptocurrency miners, government agencies, exchange venues, trading platforms, and individual traders.

Which digital assets can you accommodate?

We’ve developed a secure, adaptable infrastructure which enables us to accomodate any digital asset. Our standard service offering is compatible with Bitcoin and Ethereum.

What is a multi-signature scheme?

Sometimes referred to as ‘multisig,’ a multi-signature scheme is a protocol wherein more than one digital signature is required to authorize a digital asset transaction. It is typically used to divide authority over the possession of digital assets and requires cooperation among multiple stakeholders to withdraw or exchange these assets.

Where are private keys stored?

Distributed physical facilities are used to generate and manage private keys. Private keys are archived in multiple distinct geographical locations.

What is digital risk?

While auto, home, and life are established categories in insurance markets, interconnected software systems represent a new category we call ‘digital risk.’ The ability to quantify, price, and transfer this emerging form of risk requires advanced analysis, a new infrastructure, and collaboration between engineering, mathematics, finance, and traditional risk management disciplines.