G-Knot is set to release a crypto wallet using finger vein biometrics for authentication, aiming to enhance security and eliminate the need for recovery phrases and private keys.
The wallet will be the first of its kind to utilize finger vein identification, addressing security concerns in self-custody as crypto-related hacks continue to rise, resulting in significant losses.
Wes Kaplan, with experience in fintech and digital assets, has been appointed as CEO to lead the launch. The technology is developed by eTunnel, a Seoul-based firm recognized by the United Nations for its biometric platform.
G-Knot plans to offer a range of products utilizing this technology, targeting retail and enterprise users. The company aims to address security needs in a digital world with applications in digital identity and decentralized infrastructure.