Cybavo provides a secure digital asset custody infrastructure utilizing Multi-party Computation (MPC) and threshold approval mechanisms to protect crypto assets for institutions. Their solutions address the need for robust security and compliance in managing digital assets, enabling seamless integration with existing blockchain services.
Funding
$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.
Founders
Product
Problem
Institutions face significant challenges in securely managing digital assets due to the risks of private key compromise, regulatory compliance, and the complexities of integrating with various blockchain protocols. Single points of failure and inadequate security measures can lead to substantial financial losses and reputational damage.
Solution
CYBAVO provides a digital asset custody infrastructure that leverages Multi-Party Computation (MPC) and threshold approval mechanisms to safeguard crypto assets for institutions. Their solution eliminates single points of failure through a shared risk and responsibility model, coupled with a hardened security stack. The platform enables customizable multi-level, multi-party approval chains to align with corporate governance policies. CYBAVO supports a wide range of cryptocurrencies and token standards, facilitating seamless integration with existing blockchain services and DeFi protocols.
Target Audience
The primary target audience includes exchanges, broker-dealers, fund managers, custodians, banks, wealth managers, blockchain developers, token issuers, DApp developers, payment gateways, and other financial institutions requiring secure digital asset custody solutions.
Features
- Multi-Party Computation (MPC) to eliminate single points of failure in private key management
- Customizable threshold approval policies with multi-level, multi-party authorization workflows
- Support for a wide range of cryptocurrencies, including BTC, ETH, USDC, and various ERC-20, ERC-721, and ERC-1155 tokens
- Secure integration with DeFi protocols via WalletConnect
- Built-in AML monitoring and quarantining of funds for compliance
- Flexible deployment options, including SaaS and on-premises solutions
- Integrated services, including secure, hosted blockchain nodes with 24/7 availability
- Support for staking on multiple protocols, including TRX, KSM, DOT, and SOL