Bolt Labs provides Lock-Keeper, a cloud-hosted digital asset management system that utilizes Shamir’s Secret Sharing and secure enclaves to ensure user-controlled key management and protection against loss or theft. This technology addresses the significant risk of digital asset theft and loss of access due to compromised keys, enabling developers to offer secure, flexible wallet solutions for their users.
Funding
$14.4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
FFounders
Product
Problem
Web3 developers face significant challenges in securing digital assets due to the risks of theft and loss associated with compromised or poorly managed private keys. Existing key management solutions often lack the necessary balance between security, usability, and flexibility, hindering widespread adoption.
Solution
Bolt Labs' Lock-Keeper is a cloud-hosted digital asset management system designed to provide enhanced security and control over cryptographic keys. It utilizes Shamir's Secret Sharing (SSS) to fragment private keys into multiple shards, which are then stored in secure enclaves. This approach eliminates single points of failure and ensures that no single party, including Bolt Labs, can access the complete private key. Lock-Keeper offers flexible key usage policies, allowing developers and users to implement additional authentication mechanisms and customize access controls. In the event of key loss, Lock-Keeper enables secure key recovery, providing users with autonomy over their assets while maintaining confidentiality.
Target Audience
Lock-Keeper targets Web3 developers, ranging from those building DeFi platforms to NFT marketplaces, who require a secure and flexible solution for managing digital asset keys and protecting user funds.
Features
- Key generation, sharding, and transaction signing within secure enclaves to prevent unauthorized access
- Shamir's Secret Sharing (SSS) for distributed key management, eliminating single points of failure
- Flexible key usage policies, enabling multi-factor authentication and customized access controls
- Secure key recovery mechanisms to restore access to assets in case of loss or theft
- Support for multiple key types and cryptographic schemes
- Native wallet APIs and support for industry-standard wallets
- Modular architecture for customizable integration with existing systems
- Geographically redundant key servers for high availability