According to Cointelegraph, Circuit, a provider of enterprise level digital asset recovery solutions, has officially launched an institutional cryptocurrency recovery engine driven by Automated Asset Extraction (AAE) technology. When the private key is lost or a threat is detected, the system will automatically transfer the asset to a pre authorized secure vault. This solution was adopted by two institutional users as soon as it was launched, namely Tungsten, the UAE custodian institution, and Palisade, which provides custody infrastructure for cryptocurrency exchanges and others. Harry Donnelly, founder and CEO of Circuit, stated that as more and more institutional users enter the cryptocurrency field, there is still significant room for development in the solution market for key loss and custody failure.
