PANews June 30 news, according to Cointelegraph, digital asset enterprise-level recovery solution provider Circuit has launched an institutional cryptocurrency recovery engine powered by Automated Asset Extraction (AAE) technology, which is now officially online. When a private key is lost or a threat is detected, the system automatically transfers assets to a pre-authorized secure vault. This solution was immediately adopted by two institutional users: the UAE custodial institution Tungsten, and Palisade, which provides custodial infrastructure for cryptocurrency exchanges and others. Harry Donnelly, the founder and CEO of Circuit, stated that more and more institutional users are entering the cryptocurrency sector today, but there is still considerable room for development in the market for solutions addressing key loss and custody failure.