NEW YORK, Oct. 2, 2018 /PRNewswire/ -- Unbound Tech today announced general availability of the Unbound Crypto Asset Security Platform (CASP) that uses the mathematically proven security guarantee offered through Secure Multi-Party Computation (SMPC) to provide banks, crypto exchanges and wallet services with distinctive levels of security, flexibility and scalability never before available.
Standing as the world's only solution that works with any asset, ledger, device or platform, Unbound's CASP is built for the unique needs of cryptocurrency key protection – ensuring that cryptographic keys never exist in the clear throughout the key's lifecycle, including creation, in-use and at-rest. It addresses the significant issue of constant crypto custody nightmares that continue to haunt cryptocurrency service providers and their customers via lost, stolen or compromised funds.
Unbound's platform eliminates any single point of compromise while also serving as a software-only solution that divides keys into pieces that are never reconstructed and can easily adapt to constantly changing signatures used in more than 1,500 cryptocurrencies. The result is a transformative, asset-agnostic platform that works on any endpoint platform and provides the needed agility that wasn't previously possible.
The Unbound Crypto Asset Security Platform supports a wide variety of use cases, including institutional custody, agile and secure management of exchanges, co-wallet strategies, secure MPC-based wallets, and flexible approval structures that empower organizations to leverage human approvals, bot approvals, as well as internal and external factors.
"Unbound Tech is solving gigantic trust, usability and security problems this sector faces each and every day," said Avner Mor, CEO at Unbound. "Large banks and well-known crypto organizations are turning to Unbound's CASP for two clear reasons – they immediately recognize the dramatically increased security and see the greater flexibility as an opportunity to drive innovation and ease of use. Unbound's CASP is built with Fortune 500 companies in mind, standing as a corporate-ready solution that empowers security officers to hard-shield any crypto asset on any ledger and on any platform. We see Unbound's CASP as the answer to our customers' stringent security requirements that also cost-effectively opens up doors for fast-paced growth."
For detailed information, visit www.unboundtech.com/cryptoasset-security-platform.
About Unbound Tech
Unbound Tech equips companies with the first pure-software solution that protects secrets such as cryptographic keys, credentials or other private data by ensuring they never exist anywhere in complete form. The Unbound Distributed Trust Platform stands as a new foundation for trust using secure multiparty computation to ensure secrets are always split into multiple shares and thereby eliminate any single point of compromise. Adopted by Fortune 500 companies, Unbound's elastic and agile platform protects secrets on untrusted infrastructure and removes existing dependence on dedicated security hardware, delivering a novel approach to security and privacy designed for the digital era. Serving as an engine for uninhibited growth, it allows enterprises to gain new levels of control over their secrets on any cloud, server or endpoint, and opens new possibilities for digital innovation. Founded in 2014, Unbound has been recognized with numerous industry awards and named in multiple Gartner Hype Cycle Reports. Be Trusted. Be Unbound. Visit www.unboundtech.com.
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SOURCE Unbound Tech