Nordic Exchange Safello Taps Bitgo to Strengthen Crypto Asset Custody Infrastructure
Main Idea
Nordic exchange Safello partners with Bitgo to enhance its crypto asset custody using advanced security measures like multi-signature cold storage and MPC-TSS technology.
Key Points
1. Safello has entered into an agreement with Bitgo Europe GmbH to improve its crypto asset custody solutions.
2. The partnership will integrate Bitgo's custody solutions into Safello's setup, utilizing a three-key multi-signature cold storage architecture.
3. The technology includes Multi-Party Computation with a Threshold Signature Scheme (MPC-TSS) to eliminate single points of failure.
4. Emelie Moritz, CEO of Safello, highlighted the addition of Bitgo as a second MPC provider to strengthen security.
Description
Safello has announced an agreement with Bitgo Europe GmbH to enhance its crypto custody infrastructure. This partnership will integrate Bitgo’s advanced custody solutions into Safello’s existing setup, utilizing a three-key multi-signature cold storage architecture combined with Multi-Party Computation with a Threshold Signature Scheme (MPC-TSS). This technology eliminates single points of failure by ensuring that private
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