Blockdaemon’s complete node stack supports the flow of data and value for millions of users. Our customers include top tier financial institutions, crypto native companies, exchanges, and many more…
Today, we are excited to unveil three major enhancements, including support for the following added to Blockdaemon Institutional Wallet™:
These features collectively aim to enhance the efficiency, security, and strategic capabilities of our institutional clients.
Book your tailored evaluation with Blockdaemon today, or read on to learn how each of these features can benefit your business.
Recognizing the pivotal role of cold storage in institutional asset protection, particularly for self-custody and regulatory compliance, we're excited to announce the introduction of cold storage support in the Blockdaemon Institutional Wallet™. This feature not only aligns with market needs but also elevates the standards of security and operational efficiency in digital asset management.
Cold storage stores and uses private keys offline. It is a long-standing staple for institutional crypto management. It caters to banks, custodians, and institutions who require air-gapped wallet services to safeguard against online threats, making it a cornerstone for institutional asset protection.
Current Limitations of Cold Wallets
Traditional cold wallets, typically hardware or paper-based, offer robust security. However, they come with notable drawbacks. These include:
Blockdaemon’s Cold Storage Innovations
In revolutionizing cold storage, the Blockdaemon Institutional Wallet™ addresses these limitations, focusing on improved security and operational efficiency:
In institutional digital asset management, a cold storage security standard is paramount. Blockdaemon, offering full cold storage support, meets and exceeds this mark.
The Blockdaemon Institutional Wallet™ now brings a groundbreaking feature to the forefront of digital asset management: Tokenization support. This innovative addition empowers institutions to manage real-world assets digitally, harnessing the transformative power of blockchain technology.
Why Tokenization Matters
Tokenization is reshaping the digital asset landscape. It allows the representation of assets in a digital blockchain format. For our institutional clients, this translates into heightened transparency, auditability, cost efficiency, and accelerated asset transfers.
Full-Scale Implementation of ERC-1404 and ERC-3643 Support
We are proud to fully integrate support for Ethereum's ERC-1404 and ERC-3643 token standards in the Blockdaemon Institutional Wallet™.
These standards are specifically tailored for institutional use, providing a robust framework for token management and transfer.
ERC-1404: Compliance-Focused Token Management
ERC-3643: Streamlined Multi-Token Management
Leveraging Our Enhanced Capabilities
The integration of these token standards into the Blockdaemon Institutional Wallet™ allows institutions to:
With the introduction of tokenization support, the Blockdaemon Institutional Wallet™ provides sound infrastructure to the evolving tokenized ecosystem.
We empower institutions to harness these advanced technologies, setting a new standard in digital asset management.
In our commitment to providing flexible and secure hosting options, the Blockdaemon Institutional Wallet™ now extends its cloud support to include Azure.
This integration represents a significant step in broadening the choices available to our clients.
Azure Cloud Integration: Enhanced Security and Flexibility
Azure Cloud brings a unique approach to data security in the cloud environment. It employs confidential computing, encrypting data in memory within hardware-based trusted execution environments. This advanced method ensures data security during processing, effectively mitigating risks associated with cloud storage.
Comprehensive Solutions with Azure and AWS
The addition of Azure to our hosting options complements our existing AWS support.
Both Azure and AWS offer robust, reliable cloud services, each with its distinct advantages:
By integrating Azure Cloud support into the Blockdaemon Institutional Wallet™, we are not just expanding our hosting options; we are enhancing the security and flexibility of our platform.
This advancement expands our confidential computing hosting options, which already include support for AWS Nitro. Collectively these secure cloud hosting options ensure that our clients have access to the most secure and efficient cloud services available, fostering trust and reliability in our digital asset management solutions.
The Blockdaemon Institutional Wallet™ continues to set new benchmarks in digital asset management. Our latest updates bring three pivotal enhancements to our customers:
Each of these features is designed not just to keep pace with the evolving digital world but to lead it. They collectively enhance liquidity and security enabling our institutional clients to stay ahead in the fast-paced realm of digital assets.
We invite you to explore these groundbreaking features and see how they can transform your digital asset management.
Book a call with the Blockdaemon team today for a tailored evaluation, and step into the future of blockchain technology with confidence and clarity.