io.finnet Launches Institutional Digital Asset Custody Services

io.finnet, the pioneering Tech company, announced the launch of io.vault, its groundbreaking digital asset self-custody solution for institutions.

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. 

"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."

(Source: Finextra)