MPCVault’s crypto wallet for businesses hits $500M AUM in 7 months

While a plethora of products have been developed to meet the crypto needs of consumers, there are limited options designed to assist enterprises in managing digital assets. Many companies thus find themselves storing a significant amount of cryptocurrency in centralized exchanges and self-custodial wallets that are ill-suited for enterprise requirements, akin to a business utilizing a consumer bank to manage its finances. Recognizing this gap, Jason Li and his co-founders established MPCVault, which offers non-custodial, multi-signature crypto wallets as a service with the goal to serve crypto businesses similar to an enterprise bank catering to traditional businesses. The addressable market is potentially enormous, according to Li. The founder cited one research, which estimate… Click below to read the full story from TechCrunch
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