Japanese SBI Group, one of the leading global financial services providers, has teamed up with Danish cryptographic company Sepior to create a virtual asset proprietary wallet jointly. The new service, which comes amid growing regulatory scrutiny in Asia, will be integrated into the SBI digital currency exchange VCTRADE, according to a Sepior press release from Monday.
SBI chose the Danish firm’s software due to its multiparty computation (MPC) software called Threshold-Sig Wallet Security. Sepior claims that this technology guarantees a high-level degree of protection for the encryption key.
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