Virtual asset exchange BTX operator Childley has signed a business agreement with Key Fair, a crypto security company, on the safe storage service of virtual assets.

Key Fair is a technology company that has obtained KCMVP certification from the National Intelligence Service and has blockchain security technology, and through this business agreement, the two companies will promote technology cooperation on blockchain services that can safely store virtual assets such as virtual asset custodie services, hardware cold wallet, and NFT wallet security links.

Founded in 2011, Keyfair has developed and supplied IOT cryptographic security chips to financial and public institutions. It provides companies with a technology foundation for safe storage of virtual assets through security products such as KCMVP-certified security chips and ‘KeyWallet Touch’, an NFC card-type hardware wallet for smartphones.

Virtual Asset Business Operator (VASP) BTX is strengthening its information security capabilities by complying with international security standards such as ISO/IEC27001 and ISMS security certification, which are international standards for information protection management systems (ISMS).

Kim Eun-tae, CEO of BTX, said, “We will work hard to improve BTX’s services in collaboration with Key Fair to support customers to safely store virtual assets and improve transparency and reliability in the operation of the exchange.”

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