Renowned technology giant, IBM has announced the launch of Digital Asset Haven, a comprehensive platform for financial institutions, governments, and corporations to secure manage and scale digital asset operations. The firm confirmed the development in a blog post on Monday. IBM revealed that with the launch of Digital Asset Haven, banks and government now have a single solution to manage their digital asset lifecycle.
It’s worth noting that the Digital Asset Haven was developed in collaboration with Dfns, a leading digital wallet infrastructure provider. The platform also integrates the full-stack infrastructure and security of IBM with Dfns digital asset custody and management capabilities. Over the years, the Dfns platform has created over 15 million wallets for over 250 clients, further highlighting its commitment to support complex compliance, performance, and security requirements.
Meanwhile, IBM believes that institutions need to evolve with the adoption of tokenized assets and stablecoins increasing. It added that the digital assets space presents a critical opportunity for financial institutions to modernize their product portfolios. As revealed, the IBM Digital Assets Haven empowers these institutions to participate in this new economy with the security and technical assurance for which IBM has become renowned in other mission-critical operations.
The platform acts as a comprehensive solution with industry-leading security; it offers clients native support for residency controls, programmable multi-party approvals, and policy-driven governance frameworks. Key features include Transaction Lifecycle Management, which supports blockchain transaction processing; Governance and Entitlement Management; and Holistic Security and Key Management.
IBM and Dfns React
Meanwhile, the general manager at IBM Z and LinuxONE, Tom McPherson has reacted to the development. According to McPherson, clients have the opportunity to enter and expand into the digital asset space with the IBM Digital Asset Haven. Similarly, he added that this unified platform also delivers the resilience and data governance that the industry requires.
Clarissa Hagege, the CEO of Dfns, also provided insight into the development. Hagege mentioned that for a digital asset to be integrated into core banking and capital markets systems, the underlying infrastructure must meet the same standards as traditional financial rails. The executive added that by partnering with IBM, they’ve developed a platform that paves the way for digital assets to transition from pilot programs to production on a global scale.
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