Qredo utilizes distributed multi-party computation (dMPC) technology to provide secure self-custody of digital assets without local or central private key storage. This platform enables users to manage, trade, and govern their assets while ensuring compliance and reducing the risks associated with traditional custody solutions.
Funding
Funding not disclosed
Founders
Product
Problem
Securing digital assets often involves managing private keys, which can be vulnerable to loss, theft, or internal collusion, especially in institutional settings. Traditional custody solutions rely on centralized key storage, creating a single point of failure and increasing counterparty risk. This makes it difficult for institutions to confidently manage and deploy their crypto assets across various Web3 applications and trading venues.
Solution
Qredo offers a decentralized self-custody solution for digital assets using distributed multi-party computation (dMPC) technology. This eliminates the need for local or central private key storage, enhancing security and reducing the risk of key compromise. The platform enables institutions to securely store, manage, and trade digital assets while maintaining full control through customizable governance policies. Qredo's Web3 wallets facilitate access to decentralized applications (dApps) and DeFi protocols, allowing users to engage with the Web3 ecosystem without sacrificing security or compliance.
Target Audience
Qredo primarily targets institutions, DAOs, trading firms, neo banks, and corporates that require secure and compliant self-custody solutions for managing their digital assets.
Features
- Distributed multi-party computation (dMPC) eliminates single points of failure in key management.
- Vaults enable secure storage, management, and trading of digital assets.
- Customizable governance controls allow institutions to define and enforce their own security policies.
- Web3 Wallets provide secure access to dApps and DeFi protocols via MetaMask Institutional, WalletConnect, and Sui Wallet.
- Atomic Swaps enable direct trading from self-custody.
- Support for a wide range of ERC-20 and ERC-721 tokens across multiple EVM chains.
- Integration with analytics software for Travel Rule compliance and transaction data sharing.