Zurich, Switzerland, March 4th, 2025,
Chainwire
Orbit Streamlines Native, Secure and Multi-User Governance
Across Multiple Blockchains including ICP, Ethereum, Bitcoin and
Solana.
Today, the DFINITY Foundation, a Swiss
not-for-profit organization of leading computer scientists and
cryptographers, and a major contributor to the Internet Computer
Protocol (ICP), announces the launch of Orbit. For the
first time, builders will have a simple and robust on-chain
governance framework that supports multiple blockchains including
ICP, Ethereum, Bitcoin, and Solana. Orbit’s smart contract-based
approval system provides secure, multi-user governance of digital
assets and smart contracts across multiple blockchain ecosystems,
replacing complex and protocol-specific governance systems and
providing a new level of seamless and streamlined cross-chain
governance.
Complex and insecure governance models have resulted in hundreds
of millions of dollars in assets lost due to hacks, as well as
presenting significant barriers to entry for startups and smaller
teams. In place of inflexible governance models, ecosystem-specific
limitations, costly and insecure centralised intermediaries and
imperfect custom-built solutions, Orbit provides builders with a
flexible, unified and robust secure system to manage their assets
and smart contracts.
At the core of Orbit are two key
components:
Orbit Station – The platform's main smart contract,
providing:
- Policy enforcement and user management with flexible approval
workflows.
- Secure transaction execution.
- Comprehensive audit logging for transparency and
accountability.
- Smart contract management capabilities.
- Crypto assets management.
- Advanced features such as scheduling of transactions.
Orbit Wallet – A browser-based interface for seamless
asset management, featuring:
- Wallet features for managing crypto assets.
- Smart contract management capabilities.
- Batch transactions for improved efficiency.
- An address book for managing trusted counterparties.
- Granular permissions to define custom access controls.
- Detailed audit logging to ensure full traceability of all
operations.
“Orbit was born out of a real-world need to streamline
governance and enhance security in treasury and smart contract
management,” said Pierre Samaties, Chief Business Officer at the
DFINITY Foundation. “The development of Orbit was shaped by
DFINITY’s own Finance team, who have successfully used the platform
for secure treasury management. By making these capabilities
available to the broader ICP ecosystem as an open-source solution,
we empower teams to scale confidently while maintaining full
control over their assets and smart contracts.”
Currently, Orbit natively supports ICP and ICRC-1 tokens and
native governance for ICP-based smart contracts, with near-term
planned native support for ETH, ERC-20 and Bitcoin tokens. While
direct multi-chain governance is on the roadmap, developers can
already extend Orbit’s capabilities by:
- Integrating custom ICP smart contracts that interact with
external blockchains.
- Using Orbit as an authorization layer for managing multi-chain
operations securely.
Teams interested in exploring Orbit can visit orbit.global or try the Orbit CLI to
experience the future of seamless, policy-driven governance—one
cross-chain approval layer for all their Web3 needs.
About DFINITY Foundation
The DFINITY Foundation was established in
Zürich, Switzerland, in 2016. Since then, it has become the largest
blockchain tech employer in Switzerland and the DACH Region, with
talented people from local and international organizations, such as
IBM Research, Google Research, Meta, etc. The DFINITY Foundation is
the creator and major contributor to the Internet Computer, a
third-generation blockchain that extends the functionality of the
Internet from a network that connects devices globally to a
computing platform that hosts systems and services directly on the
blockchain. https://dfinity.org/
Contact
Senior Account
Manager
Julia
Portelly
CW8
Communications
dfinity@cw8-communications.com