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NEW YORK, June 9, 2021 / PRNewswire / – Gemini, a crypto platform, today announced the acquisition of Shard X, a leading developer of secure multi-party compute (MPC) crypto technology. Gemini will integrate Shard X’s MPC technology into its distributed multi-site key signing and management infrastructure, dramatically increasing the speed at which Gemini can transfer client assets and provide support for new asset lists and their usage. on the Gemini platform.
“Integrating MPC technology into our wallets will enable secure and faster crypto transfers that will help our clients keep pace with liquidity needs and market demands,” said Tyler Winklevoss, CEO of Gemini.
Gemini holds more than $ 30 billion in crypto assets on deposit, serving a range of retail and institutional clients. The addition of Shard X’s MPC will work in concert with all other aspects of Gemini’s custody offering, which includes role-based governance protocols, multiple layers of biometric access controls, and physical security to protect sensitive key material, securely stored in Hardware Security Modules (HSMs), which control client assets.
Shard X was founded in 2018 by Yaniv Neu-Ner, Nikita Lesnikov, and Navaho De Wet with the aim of making the crypto ecosystem more secure. Shard X’s MPC technology generates key fragments that are used in a distributed signing protocol without ever reconstructing a complete private key. The team has developed a portable MPC implementation that aims to run in high security environments, such as HSMs, ensuring the highest integrity and secure processing of private key fragments that protect digital assets.
To learn more about Gemini, visit our website Gemini.com.
About GeminiGemini is a platform that allows customers to buy, sell, store, and earn cryptocurrencies like bitcoin, ether, and DeFi tokens. Gemini’s simple, reliable and secure products are designed to empower the individual. Gemini was founded in 2014 by twin brothers Cameron and Tyler Winklevoss. Shard X will be part of the UK subsidiary of Gemini.
Contact Carolyn Vadino Communications Manager, Gemini[email protected]
SOURCE Gemini
Related links
https://www.gemini.com
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