Circuit has introduced an institutional recovery solution that utilizes Automatic Asset Extraction (AAE) technology to secure assets against loss. This marks a significant advancement for institutions investing in crypto.
UAE-based firms Tungsten and Palisade are the first to implement this system. CEO Harry Donnelly emphasized the importance of asset recoverability, stating that it is crucial for mainstream adoption of cryptocurrencies.
The recovery system aims to mitigate risk in institutional crypto investments. Estimates indicate that 2.3 to 3.7 million BTC are permanently lost, posing challenges for risk management in crypto.
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