io.finnet Launches Its Cutting-Edge Digital Asset Custody Solution for institutions: io.vault
May 17 2024 - 8:50AM
io.finnet, the pioneering Tech company, is thrilled to announce the
launch of io.vault, its groundbreaking digital asset self-custody
solution for institutions. io.vault is already gaining traction,
with io.finnet onboarding some of the most prominent institutional
actors in the digital asset space including Ibanera and Evo
Exchange among others.
io.vault empowers corporate clients to securely
hold and transact digital assets, offering a scalable and secure
solution designed for OTCs, DeFi platforms, cryptocurrency
exchanges, active trading funds, and more. io.vault can be tailored
to the specific needs of any company managing digital assets.
This cutting-edge technology is based on
io.finnet's proprietary Trustless Multi-Party-Computation (tMPC),
which enhances security by distributing weighted signing authority
among multiple participants. The solution, audited by Kudelski
Security, provides both scalability and security for managing
digital assets. Additionally, configurable signing requirements
enable customization to fit specific organizational needs while
maintaining user autonomy over assets.
"Scalability is a major hurdle for companies
managing digital assets," said Gregory Pepin, CEO of io.finnet.
"Traditional solutions lack the security and seamless integration
needed. io.vault solves this problem by empowering companies to
securely manage their assets without relinquishing control."
Unlike custodial services that hold private
keys, io.vault ensures companies maintain direct control of their
assets. It provides a fully customizable solution for transaction
validation, giving companies the flexibility and security to scale
their operations. This addresses the growing distrust in
third-party custodians following high-profile failures like Celsius
and BlockFi. Companies can now break free from the vulnerabilities
and dependencies associated with outsourced custody, gaining
complete control over their digital assets.
"io.vault is a game-changer," continued Pepin.
"It provides a scalable, secure, and trustworthy alternative to
traditional custodian services, positioning io.finnet as a leader
in addressing the evolving needs of the digital asset management
landscape."
With the launch of io.vault alongside existing
offerings, io.finnet envisions itself as a trailblazer in paving
the way to an open and decentralized financial network using
revolutionary technologies. This innovative approach sets io.finnet
apart in the rapidly evolving digital asset management space.
About io.finnetAt io.finnet we
believe companies should seamlessly access and navigate the Digital
Asset world, all while ensuring maximum security.We are a
technology company that provides secure access to Digital Asset
Infrastructure for various industries, including finance. We
specialize in enterprise blockchain, cryptographic security,
multi-party computing (MPC), and lightning-fast secure APIs.Our
comprehensive product portfolio includes:
- io.network, a 24/7
instant settlement platform that leverages private blockchain
technology;
- io.vault, a
self-custody solution enabling businesses to manage their digital
assets securely;
- io.flow, enabling
enterprises to access a network of payment providers to process
multi-currency transactions through local and cross border payment
rails.
Contact Details:
Saeshanee Gough
Sae@lunapr.io