Block Earner sets new security standard for Australian investors with launch of market-first Crypto Asset Vault
Ushering in a new era ofsecurity and control for digital assets, Coinbase-backed Vault boasts $475M insurance coverage
In response to the evolving needs of the global digital asset landscape, Block Earner, Australia’s leading blockchain-powered fintech, today opened early access for its Crypto Asset Vault. Australian crypto holders will be able to access digital asset cold storage vault backed by insurance coverage of up to $320M USD (approx. $475M AUD), providing a new level of security and trust in the crypto ecosystem.
Powered by Coinbase Prime’s custody services, which is audited by Deloitte and Touche, the Block Earner Crypto Asset Vault enhances security and efficiency in digital asset storage. The solution delivers unmatched security features, including first-of-its-kind insurance cover for Australian customers.
Despite the dominance of exchanges as the primary storage solution for cryptocurrency, about a quarter (26%) of the 1,000 Australian crypto owners surveyed prefer private wallets for storing their digital assets, Block Earner’s latest research in partnership with YouGov reveals. This indicates a growing trend towards personal control and security in managing cryptocurrency assets, further validating Block Earner’s ambition to bring cold storage to the Australian market powered by Coinbase Custody Trust Company.
The Crypto Vault is a cold storage custodial wallet for the private keys that adds an additional layer of security to digital assets. With the Crypto Vault, private keys are held offline by Coinbase Custody Trust Company, making it harder for hackers to gain access to digital assets.
"To truly thrive as a modern industry, the Australian digital assets ecosystem requires a new level of protection that ensures retail and institutional investors are shielded against hacks and scams.. Our Crypto Asset Vault responds directly to the prevailing need for more secure, private digital asset storage options," said Charlie Karaboga, co-founder and CEO, Block Earner."We're particularly encouraged by the data out of Australia, as it illustrates a clear appetite for the kind of security that our Crypto Vault solution provides."
With the ability to move funds from any exchange to Block Earner's cold storage without any set-up fees, or minimum requirements, the Vault offers an easy-to-use, inclusive solution. The company also offers one year free storage for crypto assets purchased from Block Earner. The Crypto Vault provides cold storage solutions, a method of keeping a reserve of cryptocurrency offline, safe from potential online threats — perfect for long-term investors, self-managed superannuation funds, and businesses.
"As a company at the cutting edge of the fintech sector, we're deeply committed to maintaining the highest standards of security for our customers. Our new Crypto Vault Cold Storage solution is a testament to this commitment, providing our clients with an additional layer of peace of mind that previously did not exist in-market," said Jordan Momtazi, Chief Strategy Officer, Block Earner.
"Our vision extends beyond delivering cutting-edge blockchain technologies; it's about instilling confidence. From strategic planning to daily operations, security is not just a feature — it's an inherent part of our business ethos," Momtazi added.
In order to address the recent concerns in the market around investment scams targeting crypto exchanges and their users, Block Earner is also working with world class partners like global cyber security leader, Trend Micro, to offer users new levels of protection from scam and fraud attempts. From today, all Block Earner users will receive 50% off annual subscriptions to Device Security Pro and an additional 2-months free, providing investors with advanced device and identity malware, ransomware & spyware protection.
Prospective customers can join the waitlist today to secure their place at the forefront of digital assetsecurity, here.
About Block Earner
Founded in November 2021 by industry veterans, Block Earner is a next-gen, blockchain-powered fintech that is laser-focused on giving everyday users more transparency and freedom around how their money is stored, moves and grows. Leading VCs including Framework Ventures, Coinbase Ventures, and Sequoia Capital have invested in Block Earner. Disrupting a centuries-old system, Block Earner is bringing the utility of a new era in finance to the people in an open and transparent way. Block Earner is an AUSTRAC-registered digital asset provider, with Crypto Vault cold storage for digital assets secured with Coinbase Custody Trust Company, an ISO and SOC2-certified asset custodian.
