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Secure Element (SE) Meaning

A Secure Element is a dedicated, tamper-resistant hardware chip used to store highly sensitive data, such as the Secret Keys for a cryptocurrency wallet. SE chips are designed to protect against physical attacks, such as Side-channel Attacks where a hacker tries to Listen to the electrical fluctuations of a processor to steal a key.

They are the same type of technology used in credit card chips and Passport biometrics.Unlike the general-purpose CPU in your phone or laptop, a Secure Element has a very limited Attack Surface. It only runs a few specific cryptographic functions and is physically designed to Self-destruct or Zero-out its data if it detects someone trying to physically open the chip.

When you use a hardware wallet (like Ledger), your secret key never leaves the SE chip. Even if your computer is infected with 100 viruses, they cannot Reach the key because the SE chip only sends the Signed Transaction back to the computer, never the key itself.The inclusion of a Secure Element is what distinguishes a Hardware Wallet from a Software Wallet.

While software wallets are convenient, they are only as secure as the operating system they run on. A hardware wallet with an SE chip provides a True Cold Storage environment, ensuring that the master key to your digital wealth is protected by military-grade physical security, even when connected to the most compromised internet-connected device.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

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