Institutional
Custody Service
Store and manage your virtual assets with our user-friendly storage infrastructure.
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MidChains Custody Features
Regulated Custody Service
Regulated as a Custodian for Virtual Assets by the FSRA of Abu Dhabi Global Market.
Secure Technology
MidChains adopts Multi-Party Computation (MPC) technology to store your virtual assets with a combination of security and accessibility.
Omnibus Custody Structure
Configure custody accounts to securely store and maintain assets across sub-accounts and wallets
Multi Currency Withdrawals
Convert your virtual assets to USD, AED, and other major currencies with our banking partners
Minimize Counterparty Risk
All accounts are pre-funded to ensure instant trade execution and minimize counterparty risks
Customized Pricing
Tailored pricing based on your custody requirements, asset mix and size of holdings
Safeguarding your Assets is our Priority
MidChains backs up private keys in an offline air-gapped machine setup with a specific software operating system. The offline air-gapped machine is isolated from the internet and authorized personnel are granted permission based access.
An additional security feature in our Custody Service that allows virtual asset withdrawals to be transferred to addresses (external) already added to our Custody’s whitelisted addresses.
The 3 Key Shares are stored in 3 separate physical locations: 2 of the key shares are stored in Intel® SGX regions in two separate geographic cloud locations and the 3rd key share is stored in a MPC device used to sign transactions, backed up and encrypted with a recovery passphrase that is stored in another secure cloud location.
MidChains proprietary and approved workflow authorization meets best practices to create a safe operations environment (TAP Rules). TAP is a rule engine that governs outgoing asset transactions. The TAP scans each outgoing transaction and its parameters (initiator, sum, type of transaction, etc.) to determine the appropriate action (allow, block, or additional approval). Using the TAP, MidChains set up approvals for transactions that must be met before signing the transactions.
These services are provided by MidChains.
