TechFlow news — Qredo, a cryptographic storage technology company, announced an upgrade to its self-custody wallet platform, offering an affordable open-source solution for securing institutional users' digital assets.
Qredo stated that New Qredo leverages multi-party computation (MPC), an intelligent key-sharding technology, to enhance control over team permissions and approval workflows. "There's a gap in the market for open-source, on-chain custody systems," said Josh Goodbody, Qredo's Chief Operating Officer. "New Qredo is an entirely new institutional-grade custody and wallet management platform, and the radical thing we've done is to make it open and accessible to anyone."
Qredo claims to have spent over four years building its custody and wallet products, serving more than 85,000 users globally, including 350 institutional and enterprise clients. The company sees over $400 million in assets flow in and out of its wallets on average each month.
