Rivetz Intl, Inc. has secured $5.5 million USD (19,000 ETH) in a private presale of its Rivet (RvT) token, a cybersecurity token developed to provide verifiable security controls for cloud authentication, IoT, blockchain and legacy financial transactions. Cofounded by CEO Steven Sprague and CTO Michael Sprague, the RvT token aims to enable multifactor authentication across devices, to achieve provable security at both the transaction and authentication level.
Institutional buyers in the presale, including BnkToTheFuture and Tally Capital, have shared their support for Rivetz’s multifactor authentication solution.
“We are very supportive of the goals of Rivetz and happy to add it to our portfolio of tokens,” BnkToTheFuture.com CEO Simon Dixon. “Turning our phones into hardware wallets in a way that is scalable will be an important advancement as the world adjust to owning their own digital assets. Rivetz CEO Steven Sprague is a true expert in the field of security, and the perfect leader to bring this innovation in personal security forward.”
Matthew Roszak, managing director of Tally Capital and co-founder of Bloq, concurred,
“The Rivetz token distribution is a groundbreaking moment in decentralized cybersecurity. Rivetz provides consumer protections and simplicity that will help blockchain applications achieve their next level of adoption. This new platform will add a crucial new layer of protection to exchanges, wallet and new tokens to ensure a level of data integrity and identity protection never before available.”
The Rivetz solution uses technology that is already built into hundreds of millions of mobile devices to assure the keys and transactions can not be altered or stolen by malware infecting the operating system. The token sale will open to the public on August 10, 2017 at 17:00 UTC on TokenMarket.
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