Binance Labs, the venture capital arm and accelerator of Binance, has made a strategic investment in and will be leading the upcoming Series A round of NGRAVE, a Belgium-based blockchain and digital asset security provider specialized in  user-friendly, maximum security solutions for crypto users, from creating keys to advanced key recovery.

“Security remains one of the biggest hurdles for crypto adoption. Self-custodial wallets are one of the most secure methods for storing digital assets and through our investment in NGRAVE, we are looking to continue backing innovative startups that enhance user security,” Binance Co-Founder and Binance Labs Head Yi He said in a statement.

Meanwhile, Tyler Z., Investment Director at Binance Labs, said hardware wallets are one of the most secure solutions for self-custody and digital asset storage, especially during volatile and turbulent markets.

“NGRAVE’s premium product suite offers smooth and intuitive user experience, coupled with structured security innovations,

“Binance Labs is excited to capitalize on the emerging hardware wallet sector and partner with NGRAVE to bring sophisticated wallet products to both retail and institutional users,” he added.

Ruben Merre, Co-Founder and Chief Executive Officer of NGRAVE said the group’s goal has always been simple: it wants to make the world of crypto a safer place for everyone.

“We take a real end-to-end view on how users can protect their crypto. For example, when looking into existing key creation processes, we realized there were serious security gaps. So we reinvented the way keys are generated and also overcame the limitations of today’s widely used mnemonic wallets,

“Our mission is to empower people to safeguard their wealth, so they can live the life they want.As the world of crypto continues to evolve,  we are excited to build together with and alongside Binance Labs to give us all that peace of mind,” he added.

Founded in Belgium in 2018, NGRAVE has developed a 3-tier security suite made of ZERO, the connectionless touch-screen hardware wallet, LIQUID the mobile app that connects users real-time to the blockchain, and GRAPHENE, the stainless steel encrypted and recoverable backup that ensures users never lose their keys.

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