Cordial Systems provides institutional-grade digital asset custody solutions utilizing Multi-Party Computation (MPC) technology. They offer flexible deployment options, including secure cloud, private cloud, or on-premise hosting, allowing institutions full control over their keys and security processes. This platform enables rapid access to over 65 blockchains while enforcing enterprise risk management policies for traders, exchanges, funds, and custodians.
Funding
Funding not disclosed
Founders
Product
Problem
Many institutions rely on third-party vendors for digital asset custody, creating external dependencies and potential risks related to security, policy enforcement, and business continuity. Traditional multi-party computation (MPC) wallets often require vendor involvement in key management, service availability, and process integrity.
Solution
Cordial Systems offers an on-premise MPC wallet and custody solution that allows institutions to manage their digital asset operations independently. Cordial Treasury enables organizations to maintain complete control over their custody processes and security infrastructure, reducing reliance on external vendors. The solution allows institutions to run all aspects of the custody process locally, from key management to policy enforcement, with vendor involvement limited to routine code maintenance.
Target Audience
The primary target audience includes traders, exchanges, funds, and custodians seeking to manage their digital asset custody stack internally and reduce reliance on third-party vendors.
Features
- Full self-custody solution with on-premise deployment, giving institutions complete control over their digital asset operations.
- MPC key shares are split across a coalition of client-side servers, with the option for Cordial to not host any key shares.
- Byzantine fault-tolerant policy checking, where a coalition of client-side servers independently host and check policies.
- Support for over 30 different public blockchains.
- Flexible deployment options, including multiple distributed servers for redundancy and business continuity.
- Identity access management (IAM) rules, identity authentication, and user permissions are defined and customizable by the institution.
- Disaster recovery capabilities, allowing for independent self-recovery within hours.
- Zero Trust architecture to meet strict security requirements.
- Source code availability for institutions.