press release
PRESS RELEASE. Since the last product offering comparison with Fireblocks, Unido has now successfully launched the EP self-custody multi-wallet, powered by Multi Party Computation (MPC) technology.
Unido EP represents a first to market for a fully decentralized, distributed private key management solution, which is packaged in a lightweight turnkey DApp (available on Appstore and Google Play) and web dashboard.
Given Fireblocks remains Unido’s only true distributed key signing engine competitor, we have chosen Fireblocks to analyze again, this time from a market positioning perspective.
Fireblocks vs. Unido
Fireblocks was founded in 2018 as an end-to-end blockchain security platform that protects, stores and transfers digital assets to the blockchain/s while using Multi-Party Computation (MPC). Fireblocks is an enterprise-grade solution that allows customers to transfer assets across exchanges, custodians and wallets securely using MPC & patent-pending chip isolation technology to secure the private keys. The system also uses API credentials to eliminate the need for deposit addresses.
Unido’s parent company, PAC Blockchain & Digital Advisory (over 10 years old), identified the crypto custodial problem back in 2017, and began development on a multisig wallet that is usable on any blockchain.
Since then, Unido has produced a patented enterprise-grade, secure digital asset platform built to handle crypto transactions, enabling individuals and enterprises to seamlessly manage their on-chain assets. The platform includes a crypto-banking suite with a business banking portal, customisable transaction workflows, security compliance controls and DeFi vault access.
Both Unido and Fireblocks make it easy for users of all types to access to DeFi vaults, decentralized exchanges (like Uniswap and Balancer), centralized exchanges and decentralized applications (dApps) in the crypto ecosystem. Both also offer unparalleled security, compliance and workflow tools packaged to make it easy for individuals and businesses to enter the crypto market.
Market positioning
The proliferation of enterprises entering the crypto economy in 2020 and onwards, has augmented the continued growth of retail investors (individuals and small businesses) which followed the tech enthusiast interest in BTC.
Fireblocks is undoubtedly a name well-known in the cryptoverse and has many prolific backers and VCs associated with its project. A recent Series E funding round…
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