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Cobo, Asia-Pacific's largest digital asset custodian and blockchain technology provider, releases its MPC-TSS custody technology as a solution to address the growing trust crisis in centralized institutions that plagues the crypto world. Cobo's MPC-TSS  solution uses a three-party co-managed approach, which eliminates the risk of a single point of failure and allows for secure control of assets in the event of one party's failure. More importantly, any single party cannot unilaterally move assets under custody."The fundamental value of our MPC-TSS technology is the ability to offer co-custody as a co-managed solution. By using MPC-TSS technology, the private key is sharded and divided among different parties, each in charge of a key share, which will ultimately remove any single point of failure. Notably, the platform cannot unilaterally control the user's funds", said Dr Changhao Jiang, the CTO and Co-Founder of Cobo.

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【Cobo Releases MPC-TSS-Based Custodian Solutions Amidst Crypto Instability】Cobo, Asia-Pacific's largest digital asset custodian and blockchain technology provider, releases its MPC-TSS custody technology as a solution to address the growing trust crisis in centralized institutions that plagues the crypto world. Cobo's MPC-TSS  solution uses a three-party co-managed approach, which eliminates the risk of a single point of failure and allows for secure control of assets in the event of one party's failure. More importantly, any single party cannot unilaterally move assets under custody."The fundamental value of our MPC-TSS technology is the ability to offer co-custody as a co-managed solution. By using MPC-TSS technology, the private key is sharded and divided among different parties, each in charge of a key share, which will ultimately remove any single point of failure. Notably, the platform cannot unilaterally control the user's funds", said Dr Changhao Jiang, the CTO and Co-Founder of Cobo.

Cobo Releases MPC-TSS-Based Custodian Solutions Amidst Crypto Instability

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