Product Spotlight: Unido’s Multisig Mobile Wallet

16 March 2021

Multisignature wallets are an immediate need for many of the organizations who are now looking for ways to manage and invest the crypto assets on their books. The demand for these solutions is ever more apparent as incumbent service providers, including PayPal and J.P. Morgan, have already started to build the infrastructure that is necessary for their clients to participate in cryptocurrency markets.

These wallets rely on a widely-used feature that is not just a simple way to enhance security but a boon to governance and oversight as well. Transactions made on a multisig wallet require the approval of all or a majority of the participating parties before they are verified on the blockchain. This makes them ideal for a wide array of corporate use cases where collective decision-making takes place and security is a primary concern.

Unido’s dedication to building business-class solutions for investors, asset managers, and crypto-native companies is evident in its multisig mobile wallet application. The blockchain enterprise platform’s interoperability, advanced security features, and overall simplicity are translated onto a tool where multiple team members can create, assign, and manage cryptocurrency wallets.

Corporations can make use of the Unido Mobile Wallet to hold idle crypto treasury reserves and even invest them into yield-generating DeFi services. Likewise, it is an ideal way for fund managers to hold their client assets safely. Unido provides all users with a custody service that relies on a patented private key obfuscation algorithm and guarantees the kind of security they might expect from cold storage counterparts.

The application is also a great way to implement corporate governance that is ideally enforced at a blockchain level, such as specifying transfer requirements. Its multisignature functionality can serve as a light-weight solution for organizations looking to share signing authority over their crypto assets as well.

How does it all work

Unido is built on Polkadot, however, its features are designed for interoperability and work with all major blockchains. Major currencies and tokens such as Bitcoin, Ether, Dash, and Litecoin are all supported on the wallet alongside the network’s native token. More tokens will be added by the Unido team according to user needs.

When combined, these add up to a great solution for portable cryptocurrency custody services. However, the use cases are not limited to cryptocurrencies. Any institutional blockchain transaction can use Unido Core for key management and multisig security. Unido’s comprehensive platform is built to fit the needs of the incoming wave of institutional adopters.

The Unido Mobile Wallet is available now on the Android and iOS app stores.

About Unido

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.

Blockchain, Unido, Security, Multisig, Unido Product
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