Sodot provides a multi-party computation (MPC) infrastructure that enables crypto custody and wallet providers to generate and manage private keys with high performance and data privacy. This solution reduces time-to-market by over 40% while ensuring full operational independence and minimizing vendor risk for Web3 enterprises.
Funding
$3M 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
Custodial and self-custodial Web3 solutions face challenges in private key management, including vendor lock-in, operational dependencies, and the risk of key loss or theft. Traditional methods like Hardware Security Modules (HSMs) and basic multi-signature schemes can be complex to implement, lack flexibility, and may not provide the desired level of security or control.
Solution
Sodot offers a self-hosted, high-performance multi-party computation (MPC) infrastructure that enables crypto custody and wallet providers to generate, manage, and protect private keys. This solution allows Web3 enterprises to maintain full operational independence, eliminate vendor risk, and retain control over their tech stack and customer data. Sodot's MPC infrastructure supports various use cases, including custodial solutions, B2B wallets, retail crypto wallets, and Wallet-as-a-Service (WaaS) products, providing a secure and scalable key management solution.
Target Audience
Sodot's primary customers include custodians, market makers, treasury management providers, payment solutions, B2B wallet providers, retail crypto wallets, and Wallet-as-a-Service (WaaS) providers.
Features
- Self-hosted MPC infrastructure for complete data privacy and minimal vendor risk
- High-performance MPC enabling increased transaction execution speeds
- Support for seamless distribution of key shares across multiple admins, tech stacks, cloud providers, and geographies
- Policy engine for defining fine-grained access control policies
- MPC SDK for embedding into existing wallet infrastructure while maintaining native UX
- Compatibility with both MPC and TEE (Trusted Execution Environment) for enhanced security
- Blockchain-agnostic solution supporting new blockchains
- Integration requires only a few lines of code