An Overview of Unido’s Comprehensive Ecosystem and Solutions
Unido is a secure, scalable, and decentralized bridge between the traditional financial world and decentralized financial markets. It brings together a wide range of financial services applications that connect businesses, investors, and asset managers with decentralized finance and investment opportunities. The platform is powering a wave of change in how business is done with powerful risk management, analysis, analytics, and integration services that can automate trade and investment decision-making in both DeFi and traditional finance.
A brief overview of Unido’s key features is provided below.
Unido Enterprise Platform (EP) helps enterprises such as crypto-native firms and asset management firms seamlessly and securely manage their assets. It is a highly efficient application that creates a bridge for businesses to interface with DeFi networks while remaining compliant with the licensing and regulatory requirements that govern traditional financial institutions.
Using the Unido EP Dashboard, users have insight into the wallets, customers, and assets of the firm, all in one place. In this way, the EP empowers better, smarter, more streamlined crypto-asset investment, management, trade, and operations.
Unido Institutional is a full-stack cryptocurrency bank-in-a-box. Banks, brokers, exchanges, and custodial service providers can use it to offer their clients crypto banking facilities similar to those provided by traditional banks. It can also be used both as a stand-alone crypto bank and can be integrated with a legacy fiat system or a centralized CRM, as needed. It brings the power of the Unido platform to traders and businesses that want exposure to DeFi and cryptocurrency investment but do not have access to these opportunities.
Unido Core is a proprietary key management and transaction signing technology. It uses an innovative private key obfuscation algorithm that breaks up private keys and securely encrypts and shares the key with multiple users. This reduces the chances of the key being lost or stolen, and it allows multiple members of a wallet or account to approve or refuse transactions, as needed.
Unido Core provides flexible governance, which can ensure that on-chain assets can only be accessed by permitted parties, and it can be used by technical as well as non-technical personnel. It also seamlessly builds enterprise-grade security to your system via an intuitive API that is quick and easy to install. Unido Core also builds interoperability into your system, thanks to its blockchain-agnostic architecture that works with any on-chain use case. This is a critical component for DeFi services to have if they are to work with different assets and blockchains that users may wish to invest in.
Using the Unido Core API, you can connect wallets, services, networks, and more to Unido, and the API creates the gateway for your system to interact with and use Unido’s financial services and management tools.
The Unido Wallet pilot was launched in 2018, and the wallet app for retail will be rolled out in 2022 across target markets in Asia.
The Unido Wallet is a service that stores the private keys of users’ accounts. Blockchains are made up of blocks of data that are connected using cryptography, and each data block is like a locker that can store, for example, data, tokens, or digital assets. Private keys are like the keys to the locker. If you possess the private key to a ‘locker’ (i.e., you possess the keys to a block or a section of a block on a blockchain) then you essentially own that locker or section and anything that it contains.
The Unido Wallet is a secure crypto wallet that will hold user assets such as UDO tokens and will help users manage accounts, assets, and keys. The wallet service also plays an important role with the Unido Treasury, in provisioning access to services, and in enforcing consumption fee rules to enforce security and integrity across Unido. It also plays an important role in governance via DAO voting that users can only participate in if they hold UDO tokens, which will be verified using the Unido Wallet.
Unido is an enterprise platform for decentralized capital markets. It enables institutions & corporate clients to securely store, manage and invest their crypto assets into decentralized finance networks. Unido is underpinned by proprietary key signing technology that provides enterprise-grade security for any transaction which utilizes it.
Founded in 2017 and with a market-ready product, Unido is led by an experienced team of ex-Goldman Sachs, ex-Macquarie and ex-Wipro with decades of experience in enterprise software development, financial services and agency blockchain development.