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Multi-signature wallet MPCVault completed a $3 million seed round of financing in March 2022, with participation from Fenbushi Capital

09/08/2023 21:49

Odaily Planet Daily News Multi-signature wallet MPCVault disclosed for the first time that it completed a $3 million seed round of financing in March last year. Participating parties include Fenbushi Capital, Tess Ventures, Youbi Capital, and individual investors include Chen Yizhou, the founder of Renren.com , Ye Shuhong, former chief financial officer of Meituan. According to reports, MPCVault is a non-custodial multi-signature wallet that uses multi-party computing technology to provide a transaction approval scheme, which means that users cannot directly obtain the complete private key, and can set policies to require multiple signatures before the transaction is approved. . MPCVault's wallet solution is equipped with a security layer that scans phishing URLs, detects suspicious behavior, checks interactive addresses, and performs semantic analysis and transaction simulation to help users understand what transactions they are actually signing. Since launching the multi-sig wallet service in January, the company has managed more than $500 million in assets and transferred over $1 billion in assets. It has more than 100 institutional clients, including cryptocurrency exchanges, VCs, and other types of Web3 projects. (TechCrunch)

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