Finrock provides enterprise-level Wallet as a Service (WaaS) for digital asset management, utilizing military-grade encryption and multi-party authorization to enhance security and mitigate financial risk. The platform supports over 1,000 assets and automates token swapping, enabling efficient liquidity management and streamlined custody processes without reliance on third-party services.
Funding
Funding not disclosed
Founders
Product
Problem
Enterprises face challenges in securely managing digital assets due to the complexities of blockchain technology and the risks associated with private key management. Traditional custody solutions often rely on third parties, creating potential points of failure and increasing operational overhead.
Solution
Finrock offers an enterprise-grade Wallet as a Service (WaaS) platform that simplifies digital asset management while providing robust security features. The platform utilizes multi-party computation (MPC) and military-grade encryption to protect private keys and eliminate single points of failure. Finrock supports over 1,000 digital assets across 30+ networks and automates token swapping, enabling efficient liquidity management and streamlined custody processes. The solution also provides features such as customizable multi-party authorization, transaction cost transparency, and AI/ML-based heuristic block scanning for proactive threat detection.
Target Audience
Finrock targets enterprises, hedge funds, and financial institutions that require secure and efficient solutions for managing digital assets and streamlining custody processes.
Features
- Enterprise-level Wallet as a Service (WaaS) with Omnibus wallet support
- Multi-Party Computation (MPC) for secure key management
- Support for 1000+ digital assets across 30+ networks
- Automated token swapping between different blockchains
- Customizable multi-party authorization for transaction approvals
- Proprietary deep-learning model to optimize gas spends
- Transparent transaction cost reporting, including miner fees and consolidation costs
- AI/ML-based heuristic block scanner for proactive threat detection against network attacks
- iOS & Android apps for on-the-go transaction authorization
- Infrastructure, KMS deployment design and support for OnPremise/Cloud security