Okto, a first-of-its-kind DeFi wallet app, launches globally
The Made-in-India Okto App, a first-ever in the industry, provides unparalleled security to its self-custodial wallet with AI-based technology
The Made-in-India DeFi wallet Okto, has now been launched globally. It's a fairly unique and compelling offering that packs in multi party computation, AI-based multi factor authentication, and support for practically all protocols that crypto users can want.
Okto is "the product of the years of experience" its Indian partner CoinDCX has gathered as the largest crypto exchange in India. The app is a self custody solution that has set itself apart from the many web3 wallets we tend to see flooding the market. As a result, customer experience and DeFi earning opportunities should be noticeably superior on Okto, thanks to its native integration of multiple protocols within the app.
Neeraj Khandelwal, the co-founder at Okto and CoinDCX, had this to say about the new opportunities Okto creates: "We are excited about the constantly evolving AI technology and the endless possibilities it presents in the Web3 space. With our innovative security feature backed by AI, we aim to increase user confidence and trust in self-custodial wallets. We have filed for a patent for this technology in India and will take it up in other relevant jurisdictions in due course."
Notably, the Okto Wallet is backed by investors like Coinbase Ventures, Bain Capital and Pantera. But it is refreshing to see that Okto is a truly Made-in-India product made for the world, built by a 60+ strong team here in the country. It's a phenomenon very rare, if not unique, in crypto. So Okto cofounder Neeraj Khandelwal, and the Indian crypto community as a whole, certainly have much to rejoice about as Okto goes live for download on Playstore for Android users, with its iOS app coming soon.