DreamCard, a subsidiary of cryptocurrency mining firm GDET, has launched a new card for cryptocurrency cold storage market.

Cold storage enables private keys associated with cryptocurrencies to be preserved securely offline.

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Unlike third-party wallets and online exchanges, cryptocurrency cold storage offers customers access to private keys.

According to a report cited by the company, cryptocurrency cold storage market is forecasted to reach more than $15bn by 2025.

GDET forayed into pay card market with the acquisition of DreamCard in August last year. Last month, it teamed up with card manufacturer Lion Credit Card for its DreamCard operation.

GDET CEO Anil Idnani said: “I am very pleased with the results provided by our preferred manufacturer and partner Lion Credit Card.

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“Together, we have been able to relaunch the https://dreamcard.cc website under the GDET brand and now integrate one of our core business elements into the product line.

“I am positive our customers and shareholders will be excited to see the renderings of our cold storage prototypes. Our immediate next steps include updating the DreamCard website so these products can be available for purchase through our secure portal.”

DreamCard offers stylistic personalisation and material upgrading of payment cards from plastic to metal. The firm allows customers to design their own card using its online builder.