Unido EP: Enterprise-Grade Digital Asset Management, for Everyone

2 years ago

press release

PRESS RELEASE. Since the past merchandise offering examination with Fireblocks, Unido has present successfully launched the EP self-custody multi-wallet, powered by Multi Party Computation (MPC) technology.

Unido EP represents a archetypal to marketplace for a afloat decentralized, distributed backstage cardinal absorption solution, which is packaged successful a lightweight turnkey DApp (available connected Appstore and Google Play) and web dashboard.

Given Fireblocks remains Unido’s lone existent distributed cardinal signing motor competitor, we person chosen Fireblocks to analyse again, this clip from a marketplace positioning perspective.

Fireblocks vs. Unido

Fireblocks was founded successful 2018 arsenic an end-to-end blockchain information level that protects, stores and transfers integer assets to the blockchain/s portion utilizing Multi-Party Computation (MPC). Fireblocks is an enterprise-grade solution that allows customers to transportation assets crossed exchanges, custodians and wallets securely utilizing MPC & patent-pending spot isolation exertion to unafraid the backstage keys. The strategy besides uses API credentials to destruct the request for deposit addresses.

Unido’s genitor company, PAC Blockchain & Digital Advisory (over 10 years old), identified the crypto custodial occupation backmost successful 2017, and began improvement connected a multisig wallet that is usable connected immoderate blockchain.

Since then, Unido has produced a patented enterprise-grade, unafraid integer plus level built to grip crypto transactions, enabling individuals and enterprises to seamlessly negociate their on-chain assets. The level includes a crypto-banking suite with a concern banking portal, customisable transaction workflows, information compliance controls and DeFi vault access.

Both Unido and Fireblocks marque it casual for users of each types to entree to DeFi vaults, decentralized exchanges (like Uniswap and Balancer), centralized exchanges and decentralized applications (dApps) successful the crypto ecosystem. Both besides connection unparalleled security, compliance and workflow tools packaged to marque it casual for individuals and businesses to participate the crypto market.

Market positioning

The proliferation of enterprises entering the crypto system successful 2020 and onwards, has augmented the continued maturation of retail investors (individuals and tiny businesses) which followed the tech enthusiast involvement successful BTC.

Fireblocks is undoubtedly a sanction well-known successful the cryptoverse and has galore prolific backers and VCs associated with its project. A caller Series E backing circular raised $550 cardinal from an capitalist radical co-led by hedge money D1 Capital Partners and Spark Capital, bringing the company’s endeavor valuation to implicit $8 Billion to proceed processing their integer plus platform.

Fireblocks person established themselves arsenic the starring MPC solution for institutions and ample enterprises, which person tech infrastructure needing to integrate with a MPC signing solution.

Unido however, fixed its a highly scalable DApp and web dashboard, is positioned to service the retail market, who are successful hopeless request of endeavor people wallet solutions. Solutions specified arsenic Fireblocks remains retired of scope some financially and technology-wise for this idiosyncratic segment.

Unido recognises that individuals person the aforesaid captious needs for multi-party signing and a distributed backstage cardinal to forestall information breaches if a azygous instrumentality is compromised, oregon to guarantee redundancy if a instrumentality is mislaid oregon destroyed. Multi-party signing volition besides supply these users with applicable power sharing, successful scenarios specified arsenic jointly owned assets successful home partnerships, execution of wills and property distributions, etc.

The Unido offering is globally scalable, particularly with respect to underbanked 2^nd and 3^rd satellite countries, wherever customers tin wage utilizing Unido’s inferior token $UDO – frankincense avoiding the request to usage accepted banking services successful tandem to wage for and run the wallet.

Early lawsuit uptake of Unido EP has been awesome with 320% MoM wallet activation maturation implicit 4 months.

In The End

Fireblocks is by acold 1 of the astir well-known and utilized integer plus platforms for enterprises disposable today. Fireblocks is valued astatine $8 Billion aft the latest backing circular and person been precise palmy astatine attracting enterprises to their platform, with clients similar Revolut, BNY Mellon, and galore others.

The Unido squad views Fireblocks arsenic a important illustration of a integer plus absorption solution with a akin approach, including MPC exertion and regulatory compliance. Although Fireblocks has nary autochthonal token similar $UDO, the endeavor valuation and caller superior raising past makes them 1 of the astir formidable competitors successful the custody and organization crypto space.

From a valuation perspective, $UDO marketplace headdress is presently US$1.5 Million afloat diluted ($0.013 arsenic of September 26), truthful is considered a minnow compared with Fireblocks. The Unido squad takes large encouragement successful the valuation attributed to Fireblocks, recognising that blase backstage equity firms worth captious cardinal absorption solutions which are profitable successful the billions of dollars arsenic traders wage fees careless of whether the marketplace is bull oregon bear.

About Unido

Unido EP is an retired of the container implicit crypto custody solution. Our level allows individuals and businesses of each sizes the quality to easy customize controls implicit their crypto assets. By utilizing our interface, anyone tin make a crypto wallet, stock power to respective users, and acceptable a minimum acceptable of approvals for each transaction.

Unido EP comes with a web-based dashboard and a decentralized exertion (dApp). Our level is poised to make a caller modular connected crypto plus information delivered to the hands of each benignant of crypto user. Join america present successful our travel to alteration crypto plus management.

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