SMART VALOR improves custody with introduction of MPC wallets
SMART VALOR IMPROVES CUSTODY WITH INTRODUCTION OF MPC WALLETS
SMART VALOR is performing a significant upgrade to its custody services with the introduction of Multi-party Computation (MPC) wallets. This cutting-edge development sets a new standard in security and technology, making transactions faster, simpler, and safer for all users.
What are MPC Wallets?
MPC wallets represent a groundbreaking advancement in digital asset security. These wallets enable multiple parties to hold their private data securely without sharing any sensitive information during transaction executions. The private key used for transactions is fragmented and distributed across multiple secure devices. This decentralized approach eliminates the risk of a single point of failure, enhancing the overall safety of transactions.
In addition to improved privacy, MPC wallets enhance accuracy by strictly enforcing a protocol that prevents any attempt to force the sharing of secret information. This ensures that each user retains control over their private data, enhancing trust and confidence in the custody process.
Seamless Transition for Users
The introduction of MPC wallets does not require any action from SMART VALOR users. The platform has tested the MPC wallet infrastructure thoroughly over the last year and already initiated the transition process for wallet addresses.
"This enhancement aligns perfectly with our mission to bring digital assets to as many people as possible. We aim to provide our customers with the best custody solutions that ensure both flexibility and security for their trading and investment needs,"
said Olga Feldmeier, board chairman & co-founder at SMART VALOR.
With the introduction of MPC wallets, SMART VALOR takes a step forward in the digital asset industry, setting new benchmarks for secure custody services. The platform is excited to offer this state-of-the-art security feature to its users and looks forward to further expanding the possibilities in the digital asset space.
For more information about SMART VALOR and its MPC wallets, please visit www.smartvalor.com.
For additional information, please contact
Olga Feldmeier, Board chair and Co-founder
Email [email protected]
Adrian Faulkner, General Counsel
Mobile: +44779695 0688
Email: [email protected]
Certified Adviser
Mangold Fondkommission AB
The following documents can be retrieved from beQuoted
Custody PR0208-1.pdf
SMART VALOR is the first full-service digital asset exchange listed on Nasdaq and provides compliant and secure access to trading and custody of digital assets.
The company, which originated from the Thomson Reuters Incubator, is the first exchange from Switzerland to receive financial intermediary status and exchange authorization in Switzerland and Liechtenstein.
On the investor side, the company is backed by leading venture capital funds in Asia and the US. SMART VALOR is the only blockchain technology company in VI Partners' portfolio, funded by Credit Suisse, Zürcher Kantonalbank and other leading Swiss companies.
They also offer trading, brokerage, wealth management, custody and staking to clients from over 130 countries. Digital assets on the platform include over 200 trading pairs of cryptocurrencies, staking, blockchain protocols, DeFi and metaverse assets.
On the B2B side, SMART VALOR provides an API-based Crypto-as-a- Service to banks and fintechs. The scalable infrastructure enables them to offer trading and custody of digital assets to their customers.
