Safe settlement routing of digital assets through Multi-Party Computation (MPC) technology


Written by WithMetis Markets

4 minute read

In the rapidly evolving world of digital assets, ensuring the security and integrity of transactions is paramount. With the increasing demand from institutional and retail investors, adopting advanced technologies that provide robust settlement processes while safeguarding against custodian insolvency or bankruptcy becomes crucial. This article will explore how WithMetis Markets leverages Multi-Party Computation (MPC) backed institutional-grade cold storage technology under ISO 27001 & 27701 certification and SOC Type 1 & Type 2 attestation compliance to establish a safe settlement routing process for digital assets. We will also discuss the benefits of an off-exchange settlement schema designed to meet the needs of our clients.

1.The Role of Multi-Party Computation (MPC) Technology: Multi-Party Computation (MPC) technology ensures secure and private computation among multiple parties without revealing sensitive information. WithMetis Markets leverages this advanced cryptographic technique to facilitate secure settlement routing for digital assets. MPC ensures that no single party possesses complete transaction details, mitigating the risk of unauthorized access or manipulation.

2.ISO 27001 & 27701 certification and SOC Type 1 & Type 2 attestation Compliance: WithMetis Markets partners are committed to the highest security and regulatory compliance standards. As part of this commitment, the settlement routing process of digital assets is built on a foundation of ISO 27001 & 27701 certification and SOC Type 1 & Type 2 attestation.The ISO 27001 & 27701 certification and SOC Type 1 & Type 2 attestation verifies that an organization has established strict controls and safeguards to protect customer data, maintain service availability, and ensure transaction confidentiality and integrity. By adhering to ISO 27001 & 27701 certification and SOC Type 1 & Type 2 attestation standards, WithMetis Markets takes the steps by offering a secure settlement process.

3.Protection against Custodian Insolvency or Bankruptcy: One of the primary concerns for digital asset owners is the risk of custodian insolvency or bankruptcy, potentially resulting in the loss of digital assets. WithMetis Markets addresses this concern by partnering with audited and compliant custodians specializing in enterprise-grade custody solutions. These custodians undergo regular audits and meet stringent security protocols to provide robust protection for digital assets held in custody before they get routed to the clients. By leveraging such custodians, WithMetis Markets ensures that client assets and is own are held with trusted entities that offer enhanced protection against insolvency or bankruptcy risks.

4.Off-Exchange Settlement Schema: WithMetis Markets employs an off-exchange settlement schema to strengthen security further and enhance efficiency. This schema enables direct settlement between clients and WithMetis Markets without relying on traditional exchanges. WithMetis Markets eliminates the potential risks associated with centralized exchanges by leveraging this approach. The off-exchange settlement schema ensures the timely and secure settlement of digital assets, minimizing the likelihood of disruptions and enhancing overall transaction reliability.

At WithMetis Markets, we recognize the critical importance of secure settlement routing processes for digital assets. By leveraging Multi-Party Computation (MPC) technology under ISO 27001 & 27701 certification and SOC Type 1 & Type 2 compliance, WithMetis Markets establishes a robust and safe framework for settlement routing. Partnering with audited custodians and adopting an off-exchange settlement schema further enhances the security and reliability of transactions, safeguarding institutional and retail clients’ interests. WithMetis Markets remains committed to providing a secure, efficient, and compliant platform for digital assets, instilling confidence and trust among its institutional and retail clientele.

Disclaimer: This article is provided for general informational purposes only and is not to be considered financial or investment advice. It is not intended to be a comprehensive guide and may not be suitable for your specific circumstances. You should not make any financial or investment decisions based solely on the information in this article. Consult with a qualified professional before making any such decisions. Your reliance on this article is at your own risk.