Back to the list

Sepior’s MPC tech integrated into sbiwallet, a new crypto custody service by SBI Digital Asset

source-logo  cryptoninjas.net 27 April 2021 03:59, UTC

Sepior, a provider of threshold key management technologies and solutions using secure multiparty computation (MPC) and SBI Digital Asset Holdings (SBI DAH), the digital asset arm of the SBI Group, today announced the integration of Sepior’s threshold signature software with the sbiwallet; a new wallet service launched by SBI DAH.

“As we reviewed our customer’s solution requirements, Sepior proved once again to offer the most compelling cryptographic technology for us to integrate as part of our wallet and broader digital asset ecosystem.”
– Fernando Luis Vazquez COO, CEO of SBI Digital Asset Holdings

The partnership began nearly three years ago when SBI Group first selected Sepior to jointly develop the industry’s first multiparty computation (MPC) based wallet in 2018. Since then, SBI has greatly expanded its investments, acquisitions, and joint developments in the digital asset space, leading to the formulation of a comprehensive digital asset strategy under SBI Digital Asset Holdings Co., Ltd in 2020.

“SBI has been a fantastic customer and partner. Their breadth of ecosystem knowledge, cutting-edge mindset, and rigorous commitment to security and scalability has pushed us to develop what we believe is the most secure, flexible, scalable, and resilient digital asset technology available.”
– Ahmet Tuncay, CEO of Sepior

Features of sbiwallet

sbiwallet is an institutional-grade digital asset wallet and custody platform. It was designed from the ground up to address the needs for a trusted partner with best-in-class security, full compliance with regulatory requirements, and flexible implementation.

To this end, sbiwallet utilizes multiple approaches to ensure asset security, compliance, and system security. At its core, it uses the latest MPC technology for transaction signing. Additionally, it enforces multi-level approvals plus compliance, AML, and other checks on all transactions. For deployment, it is a scalable, robust, and customizable solution that is designed to support varying client trade flows.