Blockdaemon Blog

Unlocking the Future of Institutional Digital Asset Management

Daemon News
Apr 18, 2023
By:
Max
Webster-Dowsing
&
Today marks a monumental milestone as we launch the Blockdaemon Wallet.

The world of digital assets is evolving rapidly, and institutions need a secure, efficient, and accessible way to manage these assets.

Book a call for your very own demo of the Blockdaemon Wallet™, or read on to get a closer look at what’s new.

Today marks a monumental milestone as we launch the Blockdaemon Wallet.

Our team is passionate about self-custody, and dedicated to empowering the world's leading institutions to achieve it. Throughout the years, self-custody has faced numerous challenges, especially for those institutions seeking unwavering control without sacrificing security, regulatory compliance, or liquidity. For years, we have been tirelessly developing our wallet, catering to institutions that demand excellence. With the Blockdaemon Wallet, we deliver a groundbreaking solution, seamlessly blending compliance, liquidity, and security, while eliminating barriers to self-custody.

Self-custody has become increasingly important as companies look to maintain control over their digital assets while adhering to regulatory requirements. Blockdaemon Wallet offers a unique solution designed specifically for professional, institutional customers who require a self-hosted platform that combines cutting-edge security features with accessibility and seamless integration, enabling a higher level of asset liquidity.

Blockdaemon Wallet: The Ultimate Solution for Institutions

As the first model of the Blockdaemon Wallet, our on-premises multi-party computation (MPC) wallet provides ultimate control for institutions, enabling them to store, manage, and transfer crypto assets with ease. 

Powered by our customizable policy engine, Blockdaemon Wallet offers the flexibility needed to enforce company and regulatory policies while maintaining the highest level of security.

Blockdaemon Wallet's use of MPC at both the key layer and policy layer, combined with cryptographically enforced policies, makes this wallet as close to cold storage as can be achieved while still offering the accessibility of online/hot wallets.

Key features of Blockdaemon Wallet include:

  • Institutional grade policy wallet
  • Key management and protection through Advanced MPC
  • Policy engine for enforcing quorums, checklists, conditional and operational policies
  • PolicyProtect for applying MPC to protect policies similar to key protection
  • Fully self-hosted, leveraging Blockdaemon's highly available blockchain access API, Ubiquity
  • Self or full custody options
  • Support for multiple protocols, including BTC, ETH, SOL, MATIC (ETH), DOT, and self-service support for all ERC-20 tokens
  • Sandbox environments for evaluations, training, and simulations of installation, setup, and transactions

Our proprietary MPC algorithms have been developed by our core cryptography team and have undergone multiple comprehensive third-party security audits by respected experts such as NCC Group and CryptoExperts.

Why Choose the Blockdaemon Wallet?

The Blockdaemon Wallet is designed to cater to the specific needs of professional, institutional customers who value self-custody of their digital assets. 

By choosing Blockdaemon Wallet, institutions can benefit from:

  • A secure, accessible wallet solution built with Advanced MPC technology
  • A flexible, customizable policy engine to enforce company and regulatory policies
  • Complete control over the hosting, key management, and custody model
  • Seamless integration with other Blockdaemon infrastructure offerings and third-party platforms
  • Continuous commitment to providing the highest quality MPC technologies for security you can trust

Primary Use Cases of Blockdaemon Wallet

Blockdaemon Wallet is designed to cater to a wide range of institutional needs, with three primary use cases:

1. Custody Services: Blockdaemon Wallet empowers custodians to offer secure and reliable custody services to their clients. With our state-of-the-art security features, support for segregated wallets, custodian-defined policies, and 100% self-hosting, custodians can manage their clients' digital assets confidently while ensuring full regulatory compliance and adherence to industry standards and regulations.

2. Treasury Management: Institutions can use Blockdaemon Wallet as a self-custody solution for managing their treasury across multiple business units, payroll, and token distribution. With the flexibility offered by our policy engine, organizations can create tailored policies that meet their specific requirements while maintaining the highest level of security and control over their digital assets.

3. Institutional Trading: Blockdaemon Wallet is an ideal solution for institutions engaged in trading digital assets. With the wallet's unparalleled security, accessibility, and support for flexible policies with customizable approvals, including human or API for programmatic trading, trading firms can efficiently manage their assets, reducing the risks associated with traditional cold storage and enabling a higher level of liquidity.

With its versatile features and robust security, Blockdaemon Wallet is the go-to choice for institutions seeking a comprehensive solution for custody services, treasury management, and institutional trading of digital assets.

Blockdaemon's Commitment to Excellence

Blockdaemon Wallet is backed by a team of world-renowned MPC cryptography experts with a proven track record of success in developing and deploying MPC systems since 2008. Our dedication to building purpose-built digital asset security solutions ensures that institutions can confidently choose Blockdaemon Wallet as their preferred solution for managing digital assets.

Get Started with Blockdaemon Wallet Today 

Blockdaemon Wallet is the ultimate solution for institutions seeking a secure, efficient, and accessible way to manage their digital assets. With its unique features, seamless integration, and commitment to excellence, Blockdaemon Wallet sets the standard for institutional-grade self-custody solutions. 

We invite you to explore our offerings and experience the difference for yourself. For more information or a demonstration of our platform, please contact Blockdaemon today.

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