Underpinned by IBM’s highly secure enterprise platform, IBM® LinuxONE™, Fundament Securities and DACS will jointly provide an institutional-grade custody solution for Fundament’s digital securities. This custody solution will cater for high-volume professional investors such as pension funds, insurance providers, family offices and high-net worth individuals. Fundament’s growing investor-base’ digital assets are protected by advanced cybersecurity under FIPS 140-2 Level 4 certification, the highest level of certification currently achieved by commercial cryptographic Hardware Security Module (HSM) devices. To enable companies to protect their digital assets, DACS teamed up with IBM to create a one-of-a-kind cloud service built on IBM LinuxONE enterprise platform, using IBM Hyper Protect Virtual Servers.
DACS worked closely with IBM to create a solution designed to safeguard transactions and assets with encryption of keys in a highly secure architecture. The specific security policies have been designed to help DACS meet stringent regulatory requirements, with the flexibility and usability of a ‘best in class’ value added services platform.
Neil Fillary, Co-Founder and Board Member at DACS, said, “Fundament Securities is on track to bring institutional players into the space of decentralized finance. Smart contracts and digital-asset technologies are set to transform the way enterprises across industries do business. Now with our digital asset custody solution, Fundament’s underlying infrastructure can help bring security, and accessibility in the crypto-asset market to new heights.”.
After strategic investment by Bauwens Group, one of Germany’s leading real estate developers with a development volume of €6.7 billion and over 370 employees, Fundament’s first issuance is bringing institutional-grade products to public blockchain ecosystems such as Ethereum and thereby to millions of retail investors worldwide.
In July, Fundament received approval from the German Financial Market Supervisory Authority (BaFin) for the country’s first tokenized real estate bond, with an issue volume of €250 million.
DACS is a Digital asset management solution provider combining the highest levels of certified security for safeguarding multiple asset classes via digital solutions with best of breed lifecycle management services. DACS leverages IBM’s LinuxOne servers and Crypto Express6S HSMs to provide the strongest possible security environment. Crypto Express6S is the highest commercially rated HSM in the world (FIPS 140-2 Level 4). Private keys are always encrypted and cannot be extracted or imported.
About Fundament Group
Fundament Group is a Berlin-based end-to-end issuance solution for tokenized assets. The company has received approval from the German Financial Market Supervisory Authority (BaFin) to distribute the country’s first blockchain-based real estate bond worldwide to both institutional and retail investors. Based on public blockchains, Fundament Group’s solution leverages standardised and regulated financial instruments to build a globally tradable asset class. Fundament Group is the only service provider in the tokenization space that offers legal, tech and distribution support to its clients from a single source. The team strongly believes that everyone should have the same opportunities in capital markets without compromising on investor protection. It is Fundament Group’s mission to set up institutional-grade financial products that are fully regulated by and compliant to German and European capital market laws in order to be open to all classes of investors.