With Embedded Wallets, your customers https://www.xcritical.com/ can securely access, custody, and interact with over 40 EVM and Non-EVM blockchains. Wallets can be attached to organisations or individual users, so developers can easily build business wallets using our crypto wallet as a service API. Our custom governance layer is great for business wallets because it enables organisations to set custom rules and policies for their wallets, as well as assigning roles and permissions to users within an organisation. We think everyone should have access to the most advanced security features available.

Manage everything from a single application

Unlike traditional wallets, MPC wallets use advanced cryptography to ensure the private key is never exposed or stored in one location, adding an extra layer of security. The evolution of cryptocurrencies mpc wallet and blockchain technology is showing no signs of stopping, hence, the requirement for secure, scalable, and user-friendly wallet solutions has hit all-time high levels. In general, such ventures often find themselves struggling with securing digital assets safely while also trying to maintain frictionless user experiences. Within this context, the MPC Wallet-as-a-Service (WaaS) emerges as the game changer. MPC wallets provide various use cases for individuals, organizations, and institutions that require secure and efficient management of digital assets. By leveraging MPC technology, MPC wallets offer enhanced security, flexibility, and control for the web3 wallet experience, enabling a better user experience than traditional wallets.

Introducing MPC and Account Abstraction

To sign a transaction or perform a backup of the account Spatium (guarantor) receives the first encrypted secret, and confirms its authenticity. The guarantor cannot technically use these encrypted secrets but is only responsible for their integrity and securing the protocol’s performance. Bringing Smart contract our musical metaphor, Spatium as the guarantor is the conductor of the orchestra, who gives a sign to which instrument should start and when it should finish and let the tune be played by other instruments. Emergency protectionsLet customers freeze their wallets if they lose device access or your systems detect suspicious activity. Seedless wallet backupNo seed phrases, customers can backup directly to their iCloud, Google Drive, or local device. With the Fireblocks API, you can manage your workspace, automate your transaction flow, or use webhooks to receive push notifications on what’s happening in your workspace.

A digital asset wallets-as-a-service solution that meets all your business needs

The first secret is generated independently when the user installs the wallet app on their device and registers there. Only MPC WaaS platform in the industry with SDKs across mobile and web platforms (React Native, iOS, Android, Web). Bring-your-own or plug in your existing platform’s Auth into the WaaS platform. Don’t worry about ripping out your current integration for an inflexible widget. Bring-your-own brand to the wallets and customize the UI with your brand’s designs. Leveraging TSS MPC architecture, you can now spin up web3 wallets for anyone in a completely non-custodial fashion and user-friendly manner.

MPC Wallet development entails the creation of wallets that utilize this advanced technology to ensure optimal security and operational flexibility for the management of digital assets. Such wallets are especially advantageous for enterprises engaged in large-scale cryptocurrency transactions or those necessitating institutional-grade security. Taking into consideration that there is no actual generation of the private key, Spatium MPC-powered wallets provide enterprise-level security for digital assets stored and the transactions performed. To hack a wallet, one has to compromise each of the parties of the transaction signing process involved in the protocol which is technically impossible. Also, joint control over the access to the wallet is performed by the user and the service provider, having Spatium as a guarantor of all the processes is highly beneficial for everyone.

Fireblocks layers multiple cryptographic and hardware defenses to protect all attack surfaces and provide redundancy in the event a security control fails. Build an enterprise-grade wallet system that integrates the features of both hot and warm wallets for your business. Gain valuable insights into user goals by monitoring and tracking a wide range of wallet activities. Additionally, manage wallets and set granular controls with ease through Fordefi’s user-friendly dashboard or via API.

With MPC wallets, the private key is split into shares and jointly computed by the parties involved, without ever being fully reconstructed. In contrast, Multisig wallets require each participant to have their own distinct private key and specify a required number of signatures to approve transactions. When a transaction is initiated, the parties, typically the user and the wallet provider’s server, commence an MPC protocol to jointly sign the transaction. Each party holds a share of the private key, which they use to compute their individual signature shares. These shares are then combined to produce a valid signature for the transaction. An MPC wallet operates through Multi-Party Computation (MPC), a cryptographic technique that allows multiple parties to jointly compute a function without revealing their individual inputs.

They enable improved security and risk mitigation, more efficient asset management and transfer, advanced access control and permissions, and streamlined collaboration between different parties. Coinbase’s Wallet as a Service (WaaS) is a set of wallet infrastructure APIs, enabling companies to create and deploy customizable wallets. Wallets built with WaaS will use MPC for generating signatures on transactions.

Wallet as a Service (WaaS) is a highly secure and scalable crypto wallet infrastructure, offering flexible options for digital assets management for businesses and institutions of all sizes. In conclusion, MPC wallets offer a promising future for securing digital assets on Ethereum and EVM-compatible blockchains. With their enhanced security features and flexibility, MPC wallets provide a unique approach to smart contract wallet solutions.

Layer additional defensesAdd authentication to protect wallet backups such as a passphrase, pin code, biometrics, or 2FA. Fireblocks is the first company to ever achieve CCSS Level III certification. We are SOC2 Type II certified and complete regular pen testing from ComSec and NCC Group. Fireblocks is also the first crypto tech company to be certified by the International Organization for Standards in security (ISO 27001), cloud (ISO 27017) and privacy (ISO 27018). Use transaction API calls to initiate any Fireblocks transaction operation type, such as transfer, mint, burn, contract call, RAW, and more.

• From the perspective of the ZeroDev contract, this transaction is no different than if it was signed by a traditional wallet with a ECDSA key.
• Throughout the process, the private key shares are never exposed, and the parties cannot access each other’s shares.
• Wallet as a Service (WaaS) is a highly secure and scalable crypto wallet infrastructure, offering flexible options for digital assets management for businesses and institutions of all sizes.
• Provide your users with precise insights into their digital assets and transactions, by offering real-time token and NFT data, all within the same integrated API.
• The governance layer, developed by Crypto APIs, allows customers to set up custom rules for the different wallets and volumes.
• Fireblocks security layers multi-party computation (MPC) cryptography and secure hardware enclaves to protect all attack surfaces and eliminate the reliance on a single security technology.

MPC WaaS is a relatively new concept in the world of crypto wallets which for good reason has become extremely popular. MPC stands for Multiparty Computation which is a cryptographic protocol from the 1980s. Originally, MPC aimed at providing advanced encryption to conceal the data and distribute computation across several parties when no one could know the other party’s data. Whether it’s adding users and assigning roles and permissions, or defining spending limits and whitelisting contracts – you can do it all with Krayon. You get to choose between MPC and Multi-Sig to tailor your wallets (both Hot and Cold) to your needs, making your assets more secure, with smoother transactions, while reducing gas fees.

Combining the latest breakthroughs in MPC cryptography with proprietary hardware isolation technology, we’re able to provide institutional clients with an exceptional service experience. Secure enclaves provide an extra layer of security by physically segregating and protecting sensitive data from potential threats or unauthorized access. Krayon’s WaaS API includes a reliable on/off-ramp so your users can easily move from fiat to crypto and back again. Let your users buy crypto with cash deposits via bank transfer or using a local debit card in over 160 countries. Unlike other fiat ramp APIs, Krayon sources pricing from twelve different crypto exchanges, guaranteeing your users the best possible rate when switching from fiat to crypto. Krayon’s WaaS API comes with a fully customisable governance layer, giving you granular control over wallet permissioning and access.

Secure Multiparty Computation (MPC) has emerged as the institutional- and custody-grade wallet technology of choice for both traditional and emerging players in the digital asset market. However, not all MPC wallets are created equal and it’s worthwhile to step back and evaluate the different MPC wallet technology options when planning to implement your next wallet. With an MPC wallet like Portal, the transaction is signed by multiple devices. Furthermore, if you ever lose any one of the signing devices, another set of devices can coordinate to recover your key share on the lost device. A smart wallet is a digital wallet managed by a smart contract (following the ERC-4337 specification) instead of being controlled solely by a private key like in an Externally Owned Account or EOA. Overall, the integration with a Wallet-as-a-Service solution accelerates the time-to-market and provides transaction capabilities and digital asset storage to end users.

Liminal is not liable for any loss of funds, data, or business disruptions resulting from user negligence in the normal course of business. It is the user’s responsibility to secure their assets and understand the inherent risks, including technical issues, evolving regulations, third-party hacks, and market volatility. Digital assets are not recognized as legal tender, and transactions involving them may be irreversible. Before using the platform, users are urged to carefully evaluate these risks. Fireblocks Embedded Wallets enables developers to integrate non-custodial MPC wallets into their mobile and web applications so users can securely access, custody, and interact with over 40 blockchains.