GK8 by Galaxy Partners with Polymesh to Deliver Secure Staking and Custody for Institutions
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
Associated Press
11 hours ago
- Associated Press
Now Live in Canada: Worldwide Club Offers for Travel Enthusiasts
TORONTO, Aug. 17, 2025 /PRNewswire/ -- Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces the release of Club Offers for Club Members in Canada. Rigorously vetted and negotiated for us travel enthusiasts: Some offers have limited inventory and are subject to availability. Are you a travel enthusiast? Join the club today: About Travelzoo We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers personally reviewed by our deal experts around the globe. We have our finger on the pulse of outstanding travel, entertainment, and lifestyle experiences. We work in partnership with thousands of top travel suppliers—our long-standing relationships give us access to irresistible deals. Travelzoo is a registered trademark of Travelzoo. All other names are trademarks and/or registered trademarks of their respective owners. Media contact: Amanda Ieraci – Toronto +1 437 866 8540 [email protected] View original content to download multimedia: SOURCE Travelzoo
Associated Press
11 hours ago
- Associated Press
Global Times: China Port Watch: From a small harbor to a global logistics powerhouse as Lianyungang expands global connectivity under China's Belt and Road Initiative
BEIJING, Aug. 17, 2025 /PRNewswire/ -- At the dock, a pure electric tugboat lies quietly at a berth. Stepping into the cabin, there is none of the roar or vibration of a traditional fuel-powered tug, only the faint hum of electric currents as the equipment runs. Crew members are checking the systems, with screens displaying real-time data on energy consumption and operational status. When mooring operations begin, a single press of a switch on the bridge sets the vessel in motion, and within minutes, the tug departs smoothly from the dock to precisely assist a large ship in berthing or unberthing. Compared with traditional fuel-powered tugboats, the electric model in Lianyungang, the largest port in Jiangsu Province, offers zero emissions and quiet, low vibration operation, greatly improving air quality and crew comfort. They can operate for 1-2 days, meeting the demands of port tug-assist operations, and can be fully recharged within 2-3 hours using high-voltage fast charging at dedicated berths. Thanks to intelligent energy management, they use only one-third of the energy consumed by traditional fuel tugs and require fewer crew members, saving the port about 2-3 million yuan annually in fuel and labor costs. This is part of China's first all-electric tugboat fleet, a three-vessel lineup that forms a key element of Lianyungang's technological and green transformation to become a modern port of global significance, playing a crucial role in the Belt and Road Initiative (BRI). On September 13, 2022, a signed article by President Xi Jinping titled 'Build on the Past to Make Greater Strides in China-Kazakhstan Relations' was published on the Kazakhstanskaya Pravda newspaper ahead of his state visit to Kazakhstan, the Xinhua News Agency reported. The article noted that at the China-Kazakhstan International Logistics Base in the eastern Chinese port of Lianyungang, products from Kazakhstan set sail for the Pacific Ocean. The China-Europe freight trains are running through Kazakhstan via more routes, making an important contribution to the stability of global industrial and supply chains. Small port to global hub Yin Deming, captain of the electric tugboat who has worked at the port for 18 years, has taken a front seat to witness the transformation of Lianyungang from a small port to a global hub. Compared with traditional fuel-powered tugboats, the electric tugs feature higher automation and simpler operation, Yin told the Global Times as he skillfully adjusted the tug's angle with a simple control stick in the wheelhouse, smoothly guiding it toward an incoming cargo ship. 'In the past, starting the tug required multiple steps and coordination across departments, making it time-consuming and complex. Now, a single command from the bridge starts everything, eliminating the need for on-site manual operations and improving efficiency,' Yin said, adding that the time from receiving the operation notice to the tug leaving the dock has been cut from 8-10 minutes to less than 2 minutes. The electric tugboat is just one example of the changes at Lianyungang. Xue Xilei, executive deputy general manager of LYG-PSA Container Terminal Co.,Ltd, is well placed to illustrate the transformation of the port. Over the past decades, he has seen it evolve. 'About 30 years ago, the port had only about three companies and an annual throughput of 10 million tons... Today it handles more than 300 million tons of cargo per year, with a vibrant cluster of enterprises, and has become a hub of international trade.' The BRI has given Lianyungang a new launching pad. In 2017, President Xi pointed out in his speech during his state visit to Kazakhstan that the opening of the freight train of China-Kazakhstan cross-border transportation not only brings benefits to China and Kazakhstan but also provides more convenience for transportation and cooperation opportunities for the countries along the 'Belt and Road,' showcasing the organic integration of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, Xinhua reported. On the large screen at the dispatch center of the China-Kazakhstan (Lianyungang) Logistics Cooperation Base, information on destinations, origins, and cargo of China-Europe (Central Asia) freight trains between China and Kazakhstan was displayed and updated in real time. And, it provides live video footage of the Horgos Dry Port, known as the 'Eastern Gateway.' 'Now, transport capacity, train frequency, and operational efficiency have all improved a lot compared to 10 years ago,' said Kong Xiangwei, vice general manager of Lianyungang China-Kazakhstan International Logistics Co., Ltd, noting that what once took four hours to load a freight train, can now be done in only two hours, with a maximum daily throughput of seven trains. The China-Kazakhstan (Lianyungang) Logistics Cooperation Base, which is part of Lianyungang's free trade zone, is only one key aspect of city's broader integration into the BRI. Since the approval in August 2019, the city's free trade zone has focused on building an Asia-Europe transport hub and promoting cooperation with BRI partner countries, Wang Yunlong, director of the Institutional Innovation Bureau of the Lianyungang Free Trade Zone, told the Global Times. Although occupying only 0.27 percent of the city's total area, the free trade zone contributes nearly one-third of the city's actual foreign investment utilization, one-fifth of its import and export trade, and one-eighth of newly established enterprises. Greater connectivity Besides its role in the BRI, Lianyungang is also strengthening cooperation with many developing countries, helping to promote their high-quality and sustainable development. Located about 13 kilometers from the port in the Lianyungang Economic Development Zone, a local factory was buzzing with activity. It is producing massive wind power blades over 100 meters long for both domestic and overseas market. The factory now operates seven such blade production lines. Some steps in the firm's operations are now automated, Qiao Xiaoliang, general manager of Zhongfu Lianzhong Wind Power Blade (Lianyungang) Co., Ltd, told the Global Times, adding that automated processes include trimming, grinding, painting, and transportation. In recent years, with the promotion of high-quality development of the BRI, the company's wind power blades have gained popularity in overseas market. Taking advantage of its close proximity to Lianyungang Port, the company's export business is expanding quickly. Its products reach countries from Bolivia in South America, to Bosnia and Herzegovina in Europe. There are currently two factories in Lianyungang producing around 240 blades per month. If production runs smoothly, the capacity could rise to 280 blades, Qiao said. Another factory also showcases the industrial muscle of this bustling trade city. At Lianyungang Feiyan Blanket Co., Ltd, which produces everything from warp- and weft-knitted blankets to delicate thin velvet throws, only a handful of workers dot the vast factory floor. 'Our level of automation is very high — from the equipment to the production lines, almost everything is developed and manufactured in-house. The current automation rate has reached 70-80 percent,' Xu Yingxi, general manager of Lianyungang Feiyan Blanket Co, told Global Times. The company's products have gained a reputation for high quality in many parts of the world, including BRI partner countries, with business presence in regions such as South Africa and several in South America. Lianyungang maintains very close ties with many BRI partner countries. Kong told the Global Times that Lianyungang's advantage lies in its dual role as both a port and a freight train hub, making it a key international logistics hub connecting Japan, South Korea, Southeast Asia, and Central Asia, said Kong. Transported cargo includes used cars, auto parts, and other high value-added products. Resilient trade From Lianyungang's sea port and freight-train logistics hub to its manufacturing facilities, the city is promoting global cooperation with an open and forward-looking mindset. The efforts underscore Lianyungang's rising prominence as a promising freight trade hub. In the first half of 2025, Lianyungang's foreign trade reached 119.22 billion yuan, with exports totaling 26.27 billion yuan, marking a year-on-year increase of 17.9 percent, according to data from China's General Administration of Customs. Lianyungang has made strides in propelling foreign trade growth, while continuously expanding a network of international partners. Trade with the BRI partner countries has grown by over 20 percent annually for four consecutive years, surpassing 100 billion yuan for the first time in 2024 and setting a historic high, according to Lianyungang Municipal Government. This year, Lianyungang has witnessed many 'firsts.' In July, the Xin Xin Hai 1, a cargo ship, set sail from Lianyungang, marking the first voyage of the China-Russia Arctic 'Ice Silk Road' to Arkhangelsk. In May, the Anji Ansheng, the world's largest car carrier built by China, left Lianyungang on its maiden trip to Europe, showcasing China's automotive sector strength. 'While China is opening more and more shipping routes and our network of foreign trade partners is expanding, our port is leveraging the momentum to continue building, transforming, and upgrading,' Xue said. Although unilateralism and protectionism have brought short-term pressures to global trade, Xue expressed confidence in the resilience and strength of Chinese manufacturing and trade. He noted that exports to ASEAN and other markets have continued to grow, with trade becoming more active under the RCEP framework. For example, cold-chain imports at Lianyungang are on the rise, driven by growing demand for fruit and frozen products from Southeast Asian countries. Looking into the future, Xue noted that the port is embracing automation, which will unleash greater potentials. 'The automated terminal area has already broken ground, though full automation has yet to be achieved, and work is progressing steadily,' Xue said. Pointing to a 90,000-square-meter space now under construction, he described the tall quay cranes and blue yard cranes in view, noting that they will eventually operate without human intervention, consolidating Lianyungang's position as a major trade hub. View original content: SOURCE Global Times
Associated Press
2 days ago
- Associated Press
DermRays Celebrates 13 Years of Skincare Innovation with Exclusive Anniversary Sale and Groundbreaking 1450nm Laser Device for 2026
PLEASANTON, Calif., Aug. 15, 2025 /PRNewswire/ -- DermRays, a pioneer in at-home skincare technology, marks its 13th anniversary with a celebration of its best-selling devices and a sneak peek at its upcoming 1450nm laser skincare tool, slated for launch in early 2026. This milestone underscores the brands commitment to merging cutting-edge science with accessible beauty solutions. Anniversary Spotlight: Award-Winning Skincare Heroes To thank customers for their trust, DermRays is offering limited-time discounts on three transformative devices designed to rejuvenate skin at home: 1. DermRays Revive The first and only at-home laser with ultra-high energy for collagen regeneration. Ideal for reducing fine lines and boosting collagen, its a clinic-grade tool for a fraction of the cost. Revive uses cutting-edge 1064nm laser technology, the same as that employed by leading salon brands. 2. FusionGlow Multi-Functional Microcurrent Toning Device Beyond Microcurrent: 5 Skincare Technologies You Need. Comprehensive Skin Revitalization: Brighten, Hydrate, Rejuvenate. Achieve radiant, firm skin in 14 days with clinically visible results backed by SGS. 3. LED Light Therapy Silicone Mask Your daily skincare companion: blue, red, infrared, and mixed light for every need. Only 15 minutes a day for youthful and radiant skin. 'For 13 years, we've empowered users to take control of their skincare routines with safe, effective technology,' says Dr. Yang Lin, Brand Director at DermRays. 'Our anniversary sale is a tribute to our community-and just the beginning of whats next.' 4. The Future: 1450nm Laser Skincare Device DermRays is set to revolutionize at-home treatments again with its 1450nm laser device (expected Q1 2026). It stimulates natural collagen production to smooth fine lines, restore firmness, and reverse signs of aging. This tool will expand the brands professional-grade offerings, bridging the gap between spa treatments and home care. Join the Celebration From August 1-31, 2025, enjoy exclusive anniversary bundles and discounts on DermRays bestselling devices. Follow @DermRays on social media for giveaways and live demos. About DermRays Since 2011, DermRays has combined dermatological research with accessible technology, offering FDA/CE/UKCA-cleared, non-invasive devices for radiant, youthful skin at home. View original content to download multimedia: SOURCE DermRays
