Crypto wallet provider Fordefi announced today via press release that it has raised $10 million in funding to help bring its institutional-grade crypto wallet to retail platforms. In other words, the company wants to develop its user-owned self custody wallet-as-a-service (WaaS) solution for exchanges, fintech platforms and other centralized crypto services. The central security feature of Fordefi’s institutional wallet service is multi-party computation (MPC). This works by dividing users’ private keys among multiple parties to make it harder for hackers to compromise. The service also utilizes transaction simulation, where users can see the results of prospective transactions before sending them on-chain.
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WBT
$56.24
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XLM
$0.165154
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DAI
$0.999902
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BCH
$216.29
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USD1
$0.99939
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USDE
$0.999517
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GRAM
$1.36
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BTC Dom 56.67 %
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ETH
$1,919.05
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USDT
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BNB
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USDC
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XRP
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SOL
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USDS
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RAIN
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LEO
$9.71
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ZEC
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ADA
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XMR
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WBT
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LINK
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