Crypto Custody Startup Base Zero Receives Investment From Binance Labs
Base Zero joins the 10-week intensive Binance Labs Incubation Program to bring its cryptocurrency security solutions to exchanges and financial institutions globally.
BERKELEY, Calif., May 7, 2019 — Base Zero, the world’s most secure institutional cryptocurrency custody solution, today announced an investment from Binance Labs, the venture arm of leading cryptocurrency exchange Binance.
Base Zero is a cryptocurrency security company that allows financial institutions and cryptocurrency exchanges to safely self-custody client crypto assets. Of the 600 project teams who applied to season 2 of the Binance Labs Incubation Program, Base Zero is one of only eight startups selected for incubation.
“Our vision for Base Zero is to build an integrated hardware and software solution that protects the crypto assets of any financial institution,”
said Matt Zimmerman, CEO of Base Zero. “By safeguarding digital assets from theft and security breaches, we hope to build a safer and stronger cryptocurrency industry. This is well-aligned with the mission of Binance Labs and we look forward to further collaboration with the Binance ecosystem.”
“We are excited to work hand-in-hand with the top blockchain projects around the world,” said Ella Zhang, Head of Binance Labs.
“Base Zero, along with the other projects we incubate at Binance Labs, are BUIDLers who are making a real impact on accelerating growth in the blockchain industry. We see many of the industry’s future game-changers coming through the Binance Labs network.”
The Binance Labs Incubation Program supports entrepreneurs in solving critical problems in the blockchain industry and delivering products with clear product-market fit. Learn more about Binance Labs at https://labs.binance.com/.
About Base Zero
Base Zero is a cryptocurrency security company helping financial institutions to safely self-custody client crypto assets. The product is a web app combined with a set of handheld signer devices. The devices are custom hardware developed by Base Zero. The web app and the devices are used together to keep crypto assets secure. It’s priced as a monthly service. Base Zero engineers do a custom on-site integration for every client. The chief benefit of a Base Zero implementation is it allows totally secure cold storage of digital assets, while maintaining 24/7 real-time transaction capability.
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Base Zero, Inc.
contact: Matt Zimmerman, CEO
location: Berkeley, CA