Binance Invests in Hardware Wallet Maker NGRAVE

Binance Labs, the venture arm of crypto exchange Binance, has announced it has made a strategic investment in hardware device maker NGRAVE.

According to the press release, Binance Labs will also lead the upcoming NGRAVE Series A funding round.

Yi He, head of Binance Labs, has commented:

“Security remains one of the biggest barriers to crypto adoption. Self-storage wallets are one of the most secure ways to store digital assets. With our investment in NGRAVE, we aim to continue supporting innovative startups that improve user safety.”

NGRAVE co-founder and CEO Ruben Merre has said that the main goal of the team is “to make the world of cryptocurrencies a safe place for everyone.”