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Finance / Crypto verified Verified Outcome TRL 9

Secure Multi-Party Computation (MPC) for Custody

domain Client: A major custodian bank handshake Provider: Fireblocks schedule Deploy: Q1 2021 (Digital Asset Launch)
94 Impact
Enterprise Ready
Evidence Score: 5/10
Strength: High

Executive Summary

ANALYST: COI RESEARCH

To offer custody for digital assets (Bitcoin, etc.) without the risk of a 'single private key' theft, the bank implemented MPC technology. Governance policy dictates that the private key is never assembled in one place. It is split into shares distributed across different servers and parties; a transaction requires a consensus of shares to sign.

rate_review Analyst Verdict

"The cutting edge of cryptographic governance. It solves the 'Insider Threat' in crypto custody. Since no single person or server holds the full key, theft is mathematically impossible without collusion. This enables banks to enter the crypto space safely."

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Full Audit Report Available Includes Risk Register, Technical Specs & Compliance Data.

warning The Challenge

Institutional investors wanted to hold crypto but traditional 'Cold Storage' (USB drives in vaults) was too slow for trading, and 'Hot Wallets' were too insecure. Single private keys represent a single point of failure.

psychology The Solution

Deployed Fireblocks MPC infrastructure. Key shares are distributed. Policy rules (e.g., 'Transfers >$1M require 3 of 5 approvers') are enforced by the MPC protocol itself. The signature is computed without ever revealing the key.

settings_suggest Technical & Deployment Specs

Integrations
Blockchain Nodes
Deployment Model
SaaS / MPC
Data Classification
Cryptographic Keys
Estimated TCO / ROI
High
POC Summary (2020-01-01 to 2021-01-01)

"N/A"

shield Risk Register & Mitigation

Risk Factor Severity Mitigation Strategy
Protocol Implementation High Peer-reviewed crypto libraries.
Availability Medium Distributed shares across cloud zones.

trending_up Impact Trajectory

Audited value realization curve

Zero private key exposure at any point Verified Outcome
Primary KPIPolicy enforcement via cryptography
Audit CycleInstitutional adoption of custody product

policy Compliance & Gov

  • Standards: NYDFS BitLicense
  • Maturity (TRL): 9
  • Evidence Score: 5/10
  • Data Class: Cryptographic Keys

folder_shared Verified Assets

description
Verified Case Study
PDF • Version 1
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Technical Audit
PDF • Audited
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Security Architecture

The "Blind Verification" Protocol

How we verified these outcomes for A major custodian bank without exposing sensitive IP or identities.

Private
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1. Raw Evidence

Audit ID: #PRIV-898
Evidence: Direct SQL Logs
Public
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2. Verified Asset

Outcome: Verified
Ref ID: #COI-898

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