How We Protect Your Assets

At K33 Markets, keeping our client assets safe is our highest priority. For your peace of mind, we’ve designed a security framework that combines legal protections, advanced technology, and risk mitigation measures that keep your funds safe and always accessible.

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1. Legal Protection: Full Ownership and Asset Segregation

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One of the key protections at K33 Markets is the legal separation of client assets from company funds, based on Norwegian law. This means that your funds remain fully protected even if K33 were to go bankrupt. In practice, this looks as follows:

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• Our customers’ FIAT funds are stored in segregated bank accounts with SpareBank 1, ensuring that 100% of client deposits are kept separate from K33’s corporate funds.
• Our customers’ crypto funds are also kept separate from company assets in dedicated wallets that we only use for client funds.
• Whenever crypto funds from multiple clients get pooled for trading efficiency, K33 maintains a precise ledger that tracks each client’s exact balance and ownership.

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Even if K33 goes bankrupt, client funds remain untouched and creditors have no claim over them. This guarantees that customers always retain full ownership of their fiat and digital assets, no matter what happens to K33.

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2. Technological Security: Advanced Protection Measures

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We have implemented robust security measures to defend against cyber threats, fraud, and unauthorized access. With industry-leading infrastructure and strict access controls, our custody setup is based on the following premises:

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• Private keys are divided and stored in multiple secure locations to prevent single points of failure.
• Only K33-authorized personnel can approve transactions, eliminating third-party access risks.
• Multi-employee verification is required before processing withdrawals. No K33 employee has the ability to authorize transactions involving client funds alone.

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We have partnered with Fireblocks, a leading digital asset infrastructure provider, to securely handle on-chain transactions. Fireblocks offers:

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• Secure Multi-Party Computation (MPC)technology, which authorizes transactions without exposing private keys to potential hackers.
• Professional liability insurance, covering potential losses in both storage and transfer due to software failure.
• Regular security audits and penetration testing, ensuring continued protection against emerging cyber threats.

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K33 Markets ensures strong security with strict access controls, multi-employee verification, and secure private key management. Our partnership with Fireblocks adds extra protection through advanced encryption, professional liability insurance, and regular security checks.

3. Risk Mitigation & Disaster Recovery with CoinCover

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Finally, K33 Markets enhances its security with CoinCover, acting as an additional safety net and guaranteeing that customer assets remain protected even in extreme scenarios, such as:

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• Lost private key access, ensuring customers can always recover their funds.
• Cybersecurity threats and hacking attempts, preventing unauthorized access.
• Operational failures and technology malfunctions, ensuring continued system availability.

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K33 Markets partnered with CoinCover to provide an extra layer of security, ensuring customer assets stay safe even in extreme situations. This protects against residual risks like lost private keys, cyber threats, and system failures, keeping funds secure and accessible at all times.