Digital Treasury

2024: Service Creation

On October 11, 2024, it became known that the Russian blockchain company Web3 Tech, together with CryptoPro, developed and launched an innovative platform for storing and managing cryptocurrencies called Digital Treasury. This service is designed to provide secure storage and management of digital assets for companies working with cryptocurrencies, including liquidity providers and banks.

Digital Treasury is the first platform in Russia that fully complies with the legislation on the protection of information and cryptography. The service supports coins of major public blockchains and also works with tokens and digital financial assets.

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Freepik

To ensure the security of digital asset storage, the platform uses technology solutions from CryptoPro, which are licensed in accordance with Russian law. This allows the Digital Treasury to provide services on a legal basis, which is especially important in the context of the growing attention of regulators to the cryptocurrency sector.

Web3 Tech CEO Artem Kalikhov emphasized the uniqueness of the developed solution, calling it the first Russian fully functional infrastructure solution for operations with any type of digital assets that meet the requirements of domestic legislation.

The platform developers plan to expand the functionality of the Digital Treasury in the future. In particular, it is planned to introduce an automatic check of counterparty details and a system for checking the legality of digital assets. These measures are aimed at increasing the level of security and compliance with regulatory requirements when working with cryptocurrencies.

As of October 2024, the Digital Treasury operates behind closed doors, which may be due to system testing and the gradual expansion of the client base.^[1]

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