BY CNA team - October 24, 2018
SBI to develop crypto wallet with Danish startup
Japanese financial services firm SBI Holdings is developing a crypto wallet with Aarhus, Denmark-based Sepior, a blockchain security specialist.
Sepior says in a press statement that the wallet will be used to secure the online contents and transactions on SBI’s VCTRADE crypto exchange.
Sepior uses a multiparty computation (MPC) approach to provide the highest level of encryption key protection available for cryptocurrency wallets, addressing the most salient criteria for achieving online wallet and transaction security.
SBI CEO/president Yoshitaka Kitao says in the statement that MPC offered the level of security, performance and scalability needed to manage transactions of the company’s growing base of crypto customers.