Sepior’s MPC tech integrated into sbiwallet, a new crypto custody service by SBI Digital Asset

27 Apr, 2021

Tokyo, Japan – 27, April 2021. Sepior, a provider of threshold key management technologies and solutions using secure multiparty computation (MPC), and SBI Digital Asset Holdings (SBI DAH), the digital asset arm of the SBI Group, announced the integration of Sepior’s ThresholdSig software with the sbiwallet; a new wallet service launched by SBI DAH. This wallet service will provide digital asset custody solutions and banking services globally, enabling a flexible, scalable and trustworthy digital asset ecosystem.

The partnership began nearly three years ago, when SBI Group first selected Sepior to jointly develop the industry’s first Multiparty Computation (MPC) based wallet in 2018. Since then, SBI has greatly expanded their investments, acquisitions and joint developments in the digital asset space, leading to the formulation of a comprehensive digital asset strategy under SBI Digital Asset Holdings Co., Ltd in 2020.

“Sepior has proven to be a truly reliable and innovative partner,” said Fernando Luis Vazquez Cao, chief executive officer of SBI Digital Asset Holdings. “The digital asset market is evolving rapidly and we’ve expanded our focus to assist other financial institutions with their entry into this space. As we reviewed our customer’s solution requirements, Sepior proved once again to offer the most compelling cryptographic technology for us to integrate as part of our wallet and broader digital asset ecosystem.”

“SBI has been a fantastic customer and partner,” said Ahmet Tuncay, chief executive officer of Sepior. “Their breadth of ecosystem knowledge, cutting-edge mindset, and rigorous commitment to security and scalability has pushed us to develop what we believe is the most secure, flexible, scalable, and resilient digital asset technology available.”

Source: Sepior press release

 

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