TechFlow news: UK-based digital asset security services firm Coincover has partnered with Cobo, the largest digital asset custody technology service platform in the Asia-Pacific region, joining as a third-party private key disaster recovery service provider for Cobo's MPC custody solution. Founded in 2018 by individuals with backgrounds at the Royal Mint, Coincover recently secured $30 million in new funding on February 9. Cobo’s custodial solution is built on advanced Multi-Party Computation Threshold Signature Scheme (MPC-TSS) technology, offering a 3-of-2 co-custody configuration.
Under this arrangement, one private key share is managed by Cobo and another by the client, while an independently selected third party holds the third share, enabling private key recovery assistance in extreme cases where one of the other two shares becomes inaccessible. Coincover’s integration into Cobo’s MPC co-custody framework is expected to support its expansion into the Asian market, while strengthening Cobo’s ability to serve global clients and broaden its international reach. Original link
