GK8 by Galaxy Partners with Polymesh to Deliver Secure Staking and Custody for Institutions
NEW YORK, June 12, 2025 /PRNewswire/ - GK8 by Galaxy has partnered with Polymesh, the layer-1 blockchain purpose-built for regulated assets, to provide institutional-grade custody and secure staking support for POLYX, Polymesh's native token.
With GK8's product suite, institutions can now store and stake POLYX while maintaining full control over their assets and adhering to regulatory and compliance requirements. GK8's Impenetrable Staking ensures that staked assets never leave GK8's patented self-custody solution, Impenetrable Vault, enabling a new standard of staking protection and utilization for institutions that engage with POLYX, a leading digital token with large trading volumes in South Korea and known for its high staking rewards.
'Polymesh is built to meet the specific needs of regulated markets. Its focus on identity, compliance, and auditability aligns naturally with GK8's standards for secure and compliant custody,' said Lior Lamesh, CEO and Co-Founder of GK8 by Galaxy. 'By supporting POLYX staking and soon tokenization through our Impenetrable Vault, we're giving institutions access to rewards without compromise, while maintaining their customers' trust, knowing assets are fully protected.'
GK8 by Galaxy offers a full range of products, including the Impenetrable Vault, uMPC (Unlimited Multi-Party Computation), and Tokenization Wizard, designed to remove barriers to digital asset adoption for traditional financial institutions and crypto-native firms. With these tools, GK8 customers can confidently engage in end-to-end wallet management, tokenization, DeFi, staking, and other digital asset operations, navigating the digital asset economy with confidence.
POLYX has seen significant growth in the South Korean market, with increased trading activity and engagement from local institutions, reflecting its rising prominence in the region. Its unique protocol-level compliance features, combined with attractive staking yields, make it a compelling option for institutions looking to expand their presence in the digital asset economy.
'The integration with GK8 ensures that POLYX holders can now store and stake assets with confidence, backed by a secure custody solution,' said Bill Papp, CEO of the Polymesh Association. 'This partnership represents a major step forward in bringing regulated blockchain solutions to institutional investors globally.'
The partnership marks the first phase of collaboration between GK8 and Polymesh. Later this year, GK8 will expand support to enable tokenization on Polymesh, paving the way for more institutional applications on a blockchain purpose-built for regulated markets.
To learn more about staking POLYX with GK8, visit: https://www.gk8.io/demo/impenetrable-vault/?utm_source=pr&utm_campaign=polymesh
About GK8 by Galaxy
GK8, a Galaxy (TSX: GLXY ) company, provides reliable and comprehensive self-custody technology for digital assets, enabling regulated self-custody, digital asset management, and token issuance. With its patented Impenetrable Vault and uMPC technology, GK8 empowers traditional financial institutions and crypto-native companies worldwide with the tools they need to navigate the digital asset economy with confidence. In a market where trust is an institution's most valuable asset, GK8 protects the institution's reputation by setting the highest standard for digital asset custody, paving the way for the mass adoption of digital assets. For more information, please visit https://www.gk8.io/.
About Polymesh Association
The Polymesh Association is a not-for-profit dedicated to the growth of the Polymesh ecosystem through Polymesh and Polymesh Private. Polymesh is a leading public permissioned blockchain purpose-built for real world assets that streamlines capital markets and opens the door to new financial products. Polymesh Private is a private permissioned instance of Polymesh that can be deployed by enterprises. Visit polymesh.network to learn more.
Disclaimers and Additional Information
The TSX has not approved or disapproved of the information contained herein.
CAUTION ABOUT FORWARD-LOOKING STATEMENTS
This release contains certain forward-looking information and forward-looking statements, as defined in applicable securities laws (collectively referred to herein as 'forward-looking statements'). These forward-looking statements relate to the Tokenization Wizard launch and opportunities. All statements other than statements of historical fact are forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'continues', 'forecasts', 'projects', 'predicts', 'intends', 'anticipates' or 'believes', 'seeks' or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'should', 'might' or 'will' be taken, occur or be achieved. The forward-looking statements contained in this release are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. Forward-looking statements involve known and unknown risks uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. Inherent in forward-looking statements are risks, uncertainties and other factors beyond the Company's ability to predict or control. The forward-looking statements are subject to the risks regarding the product and launch. Factors that could cause outcomes to differ materially from those described in such forward-looking statements include, but are not limited to global developments, a delay or failure in the ability to launch and changes in applicable law or regulation. Readers are cautioned that such risk factors, uncertainties and other factors are not exhaustive. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements in this release. The forward-looking statements in this release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by applicable securities laws. Investors are cautioned that forward-looking statements are not guarantees of future performance and are inherently uncertain. Accordingly, investors are cautioned not to put undue reliance on forward-looking statements.
View original content to download multimedia: https://www.prnewswire.com/news-releases/gk8-by-galaxy-partners-with-polymesh-to-deliver-secure-staking-and-custody-for-institutions-302479617.html
SOURCE GK8
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
The All-in-One AI Tutoring Platform Designed for Kids and Affordable for Every Family - Think Academy Launches TalPad T100 Tablet
SILICON VALLEY, Calif., June 12, 2025 /PRNewswire/ -- As screen time continues to rise in American households, Think Academy, one of the world's leading education innovators, has introduced the TalPad T100, a next-generation kids' tablet designed to improve academic performance, form better learning habits, and make studying fun and engaging—without compromising on quality. Whether your child is in kindergarten, elementary school, or part of a homeschool curriculum, TalPad offers a powerful, modern alternative to traditional after-school programs or expensive tutors. With a built-in AI homework helper- The "Genius Tutor" system, TalPad acts as a 24/7 homework help companion. From solving tricky math problems to explaining writing prompts, the device provides real-time support for busy parents. It's like having a math tutor, math solver, and homework helper all in one child-friendly device. What sets it apart from products of other well-known kids' brands like Tonies, Yoto, and LeapFrog is that TalPad is more versatile and intelligent. It not only includes fun educational content like the children's AI companion "Thinkie" or fun math games for kids, but also features the AI "Genius Tutor" system that can assist with various subjects. Additionally, TalPad comes with all the standard functions of an Android tablet, making it an affordable all-purpose tablet. "As an education company, we've talked to so many parents and families—and we understand the real challenges they face when it comes to their kids' learning. They've got questions like, how can I help my child succeed in school? Are after-school programs really worth it? Or maybe even does my child need a tutor? And some parents tell us their kids are really struggling with specific subjects—spelling, writing or math for kids—and they just don't know where to start. That's exactly why we created TalPad," said Yujing Sun, General Manager of Think Academy. "TalPad was built to help solve these very problems. Meanwhile, we believe that with the development of AI technology, every kids deserves—and should have—easier access to high-quality educational resources. It is a right for every kids and individual in this era. TalPad is more than a learning tablet, it's like giving every child their own elite mentor." For families exploring homeschooling or seeking to enhance their homeschool programs, TalPad offers the perfect solution. Seamlessly aligning with most homeschool curriculums, our platform empowers parents with a structured yet flexible framework for home education - featuring thousands of engaging math lessons, interactive eBooks, and premium content crafted by leading educators. Beyond these resources, TalPad's true strength lies in its ability to create fully personalized learning plans tailored to each homeschool student's unique needs and pace. TalPad ensures children not only master core concepts but maintain academic parity with traditional school peers through Grade 6. With TalPad, parents gain both the tools for effective homeschooling and the confidence that their child's educational progress remains on track with conventional standards. Compared to commonly seen kids' or educational tablets like Amazon Fire or Smile Zemi, TalPad offers more comprehensive subject support and truly AI-powered personalized learning. It covers multiple core areas—from reading and writing to math—at just $9.99/month, delivering both stronger learning outcomes and greater overall value for families. Please visit for more details. About Think Academy Think Academy, a subsidiary of TAL Education Group (NYSE: TAL), has been at the forefront of education innovation for over two decades. Serving more than 5 million K-12 students across 10+ countries, Think Academy is dedicated to creating fair and comprehensive educational opportunities. By integrating advanced technology with expert curriculum design, Think Academy is shaping the future of learning to be more accessible, engaging, and impactful. View original content to download multimedia: SOURCE TAL Education Group Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Hunan eyes progress in partnerships with Africa
BEIJING, June 13, 2025 /PRNewswire/ -- A report from Central China's Hunan province aims to boost economic and trade cooperation with Africa by exploring new business models and strengthening institutional innovation and policy coordination, said Shen Xiaoming, Party secretary of Hunan. He made the remarks in an exclusive interview with China Daily ahead of the fourth China-Africa Economic and Trade Expo, which will open in Changsha, the provincial capital, on Thursday and run through Sunday. "We will continue to focus on expanding and upgrading new barter trade with Africa, while promoting the integrated development of production, industry and trade," he said, adding that these measures will further elevate Hunan's trade capacity with Africa and contribute more to the building of an all-weather China-Africa community with a shared future for the new era. Shen noted the province's long history, solid foundation and broad prospects in promoting exchanges and cooperation with the African continent. Hunan's foreign trade volume with Africa has ranked first among provinces in central and western China for five consecutive years. Hunan is well-positioned in equipment manufacturing, energy and power, mining and mineral processing, and comprehensive agricultural development, he said, adding that these advantages align closely with African countries' needs for industrialization and agricultural modernization. The province is actively exploring the implementation of pilot reforms in new types of barter trade with African countries, introducing policies and measures such as moving inspection and testing institutions closer to the entry point. These efforts aim to attract more African and Chinese enterprises engaging in bilateral trade to Hunan. To date, 103 new barter trade transactions have been completed, placing Hunan on top in China in terms of Africa-oriented barter trade volume. According to Shen, Hunan is making vigorous efforts for the construction of "a highland for reform and opening-up in inland China". The focus points include implementing a comprehensive reform for the market-based allocation of production factors in the Changsha-Zhuzhou-Xiangtan metropolitan area, promoting the China-Africa Economic and Trade Expo, and boosting alignment with and integration into major national initiatives. The initiatives include the rise of Central China strategy, the Yangtze River Economic Belt, the Guangdong-Hong Kong-Macao Greater Bay Area, and Yangtze River Delta integration. "We're steadily advancing institutional opening-up and optimizing the business environment with a focus on reducing the comprehensive operational costs for enterprises," Shen said. Last year, Hunan saw the overall logistics cost decrease by 0.2 percentage point and industrial and commercial electricity prices drop by 6 percentage points. Currently, 212 Fortune Global 500 companies have invested in Hunan, and the province has established economic and trade partnerships with 235 countries and regions. This year marks the fifth anniversary of the establishment of the China (Hunan) Pilot Free Trade Zone. Shen said that since the zone was established, it has made vigorous efforts to advance reform and opening-up through exploration and innovation in institutional reforms. Over the past five years, the free trade zone has achieved 109 institutional innovations, welcomed more than 48,000 enterprises, introduced 542 major projects and attracted investment totaling nearly 740 billion yuan ($103 billion). The zone also recorded an import-export volume exceeding 800 billion yuan, accounting for approximately one-third of the province's total, data from local authorities show. Shen elaborated on the measures taken by Hunan to advance the development of the free trade zone, highlighting several key initiatives. First, Hunan has effectively utilized the experiences gained from other regions and innovated based on their practices. As a result, 349 innovative measures have been implemented. Second, the province has fostered integrated innovation across industries, technologies and systems. Taking construction machinery, Hunan's pillar industry, as an example, Shen said the province has proactively addressed the downward pressure the sector has faced in recent years. On the one hand, relevant companies have been encouraged to transform and expand into emerging fields such as new energy, autonomous driving, agricultural machinery and emergency equipment. On the other hand, the province has been strengthening whole-chain innovation in remanufacturing to address existing challenges. Third, Hunan has deepened cooperation with the Hainan Free Trade Port to develop the Hunan-Hainan Advanced Manufacturing Industrial Park, which has become a key hub for the export and maintenance of manufacturing products such as Hunan's construction machinery. This initiative has not only enhanced the international competitiveness of manufacturing enterprises in Hunan but has also optimized the industrial structure of the Hainan FTP, Shen said. To date, the park has attracted 29 projects with a total investment of 13.02 billion yuan. View original content to download multimedia: SOURCE
Yahoo
3 hours ago
- Yahoo
Hunan eyes progress in partnerships with Africa
BEIJING, June 13, 2025 /PRNewswire/ -- A report from Central China's Hunan province aims to boost economic and trade cooperation with Africa by exploring new business models and strengthening institutional innovation and policy coordination, said Shen Xiaoming, Party secretary of Hunan. He made the remarks in an exclusive interview with China Daily ahead of the fourth China-Africa Economic and Trade Expo, which will open in Changsha, the provincial capital, on Thursday and run through Sunday. "We will continue to focus on expanding and upgrading new barter trade with Africa, while promoting the integrated development of production, industry and trade," he said, adding that these measures will further elevate Hunan's trade capacity with Africa and contribute more to the building of an all-weather China-Africa community with a shared future for the new era. Shen noted the province's long history, solid foundation and broad prospects in promoting exchanges and cooperation with the African continent. Hunan's foreign trade volume with Africa has ranked first among provinces in central and western China for five consecutive years. Hunan is well-positioned in equipment manufacturing, energy and power, mining and mineral processing, and comprehensive agricultural development, he said, adding that these advantages align closely with African countries' needs for industrialization and agricultural modernization. The province is actively exploring the implementation of pilot reforms in new types of barter trade with African countries, introducing policies and measures such as moving inspection and testing institutions closer to the entry point. These efforts aim to attract more African and Chinese enterprises engaging in bilateral trade to Hunan. To date, 103 new barter trade transactions have been completed, placing Hunan on top in China in terms of Africa-oriented barter trade volume. According to Shen, Hunan is making vigorous efforts for the construction of "a highland for reform and opening-up in inland China". The focus points include implementing a comprehensive reform for the market-based allocation of production factors in the Changsha-Zhuzhou-Xiangtan metropolitan area, promoting the China-Africa Economic and Trade Expo, and boosting alignment with and integration into major national initiatives. The initiatives include the rise of Central China strategy, the Yangtze River Economic Belt, the Guangdong-Hong Kong-Macao Greater Bay Area, and Yangtze River Delta integration. "We're steadily advancing institutional opening-up and optimizing the business environment with a focus on reducing the comprehensive operational costs for enterprises," Shen said. Last year, Hunan saw the overall logistics cost decrease by 0.2 percentage point and industrial and commercial electricity prices drop by 6 percentage points. Currently, 212 Fortune Global 500 companies have invested in Hunan, and the province has established economic and trade partnerships with 235 countries and regions. This year marks the fifth anniversary of the establishment of the China (Hunan) Pilot Free Trade Zone. Shen said that since the zone was established, it has made vigorous efforts to advance reform and opening-up through exploration and innovation in institutional reforms. Over the past five years, the free trade zone has achieved 109 institutional innovations, welcomed more than 48,000 enterprises, introduced 542 major projects and attracted investment totaling nearly 740 billion yuan ($103 billion). The zone also recorded an import-export volume exceeding 800 billion yuan, accounting for approximately one-third of the province's total, data from local authorities show. Shen elaborated on the measures taken by Hunan to advance the development of the free trade zone, highlighting several key initiatives. First, Hunan has effectively utilized the experiences gained from other regions and innovated based on their practices. As a result, 349 innovative measures have been implemented. Second, the province has fostered integrated innovation across industries, technologies and systems. Taking construction machinery, Hunan's pillar industry, as an example, Shen said the province has proactively addressed the downward pressure the sector has faced in recent years. On the one hand, relevant companies have been encouraged to transform and expand into emerging fields such as new energy, autonomous driving, agricultural machinery and emergency equipment. On the other hand, the province has been strengthening whole-chain innovation in remanufacturing to address existing challenges. Third, Hunan has deepened cooperation with the Hainan Free Trade Port to develop the Hunan-Hainan Advanced Manufacturing Industrial Park, which has become a key hub for the export and maintenance of manufacturing products such as Hunan's construction machinery. This initiative has not only enhanced the international competitiveness of manufacturing enterprises in Hunan but has also optimized the industrial structure of the Hainan FTP, Shen said. To date, the park has attracted 29 projects with a total investment of 13.02 billion yuan. View original content to download multimedia: SOURCE
