According to the announcement, both banks linked up their respective experimental payment networks, called Project Jasper and Project Ubin1, which are based on two different blockchains.

Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general,

All cryptographic systems are secured in bank-grade vaults and datacenters that are protected with 24/7 physical security, highlights the announcement.

Moreover, Bakkt described the way how the architecture of its crypto wallets works: the majority of assets are stored offline in air-gapped cold wallets that are insured with a 0,000,000 policy underwritten by leading global insurance carriers. NYAG’s attorney general,

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