Unbound launches MPC-based crypto asset custody platform

Unbound Tech, a provider of bank-grade security for enterprise today announced the general availability of the Unbound Crypto Asset Security Platform (CASP) that uses the mathematically proven security guarantee offered through Secure Multi-Party Computation (SMPC) to provide banks, crypto exchanges, and wallet services with unique levels of security, flexibility, and scalability.

The Unbound Crypto Asset Security Platform supports a wide variety of use cases, including institutional custody, agile and secure management of exchanges, co-wallet strategies, secure MPC-based wallets, and flexible approval structures that empower organizations to leverage human approvals, bot approvals, as well as internal and external factors.

Standing as a solution that works with any asset, ledger, device or platform, Unbound’s CASP is built for the unique needs of cryptocurrency key protection – ensuring that cryptographic keys never exist in the clear throughout the key’s lifecycle, including creation, in-use and at-rest. It addresses the significant issue of constant crypto custody nightmares that continue to haunt cryptocurrency service providers and their customers via lost, stolen or compromised funds.

Unbound’s platform eliminates any single point of compromise while also serving as a software-only solution that divides keys into pieces that are never reconstructed and can easily adapt to constantly changing signatures used in more than 1,500 cryptocurrencies. The result is a transformative, asset-agnostic platform that works on any endpoint platform.

“Unbound Tech is solving gigantic trust, usability and security problems this sector faces each and every day. :arge banks and well-known crypto organizations are turning to Unbound’s CASP for two clear reasons – they immediately recognize the dramatically increased security and see the greater flexibility as an opportunity to drive innovation and ease of use. Unbound’s CASP is built with Fortune 500 companies in mind, standing as a corporate-ready solution that empowers security officers to hard-shield any crypto asset on any ledger and on any platform. We see Unbound’s CASP as the answer to our customers’ stringent security requirements that also cost-effectively opens up doors for fast-paced growth.”