TechFlow news — Cobo, a digital asset custody solutions provider, announced the launch of its inclusive enterprise-grade MPC self-custody solution—Cobo MPC Lite. This new offering aims to significantly lower the entry barriers and costs for enterprises adopting MPC wallet technology, thereby promoting widespread adoption of enterprise-level MPC self-custody solutions.
Cobo MPC Lite leverages cutting-edge Multi-Party Computation (MPC) technology, specifically MPC-TSS, to generate multiple private key shards independently. Parties can jointly sign transactions without ever exposing their individual key shards to each other, and no complete private key is ever formed at any endpoint. This ensures that private keys never exist or get stored on any single device, protecting user assets from security breaches and human errors.
Cobo MPC Lite adopts a pay-as-you-go pricing model, starting at just $99 per month. Its streamlined setup process allows users to install and configure the solution within minutes, without requiring complex technical expertise or lengthy onboarding procedures.
