Circuit has launched an institutional-level encryption asset recovery engine, which has been adopted by two institutions.

Gate News bot message, according to Cointelegraph, digital asset enterprise-grade recovery solution provider Circuit has officially launched an institutional crypto assets recovery engine, which utilizes Automated Asset Extraction (AAE) technology. When the private key is lost or the system detects a threat, the assets will be automatically transferred to a pre-set secure vault.

The UAE custodian Tungsten and the custodian infrastructure provider Palisade have adopted the solution. Circuit founder and CEO Harry Donnelly stated: "More and more institutional users are flocking to the cryptocurrency space today, but there is still significant room for development in the market for solutions addressing key loss and custody failure."