Blockdaemon Blog

New Upgrades to Blockdaemon Institutional Wallet

Wallet
Aug 22, 2023
By:
Frank
Wiener
&
Here’s a closer look at what’s new in Blockdaemon Institutional Wallet. This version meets the evolving demands of the institutional digital assets market, with a focus on industry leading staking, security, ownership, and control.

Today, we announce the newest updates to the Blockdaemon Institutional Wallet™.

This a significant achievement that represents an advancement in both the security and features of our wallet.

This version meets the evolving demands of the institutional digital assets market, with a focus on industry-leading staking, security, ownership, and control.

Book a call for your very own demo of Blockdaemon Institutional Wallet™, or read on to get a closer look at what’s new.

Newly Integrated Ethereum Staking

The Blockdaemon Institutional Wallet™ has now introduced integrated staking support for Ethereum (ETH), allowing customers to effortlessly stake ETH.

Furthermore, customers can unstake assets and rewards natively. Customers can also create segregated accounts for custody staking, as well as definable policies for staking and unstaking.  

Moreover, users can monitor their staking rewards via. a quick view dashboard feature. This provides you with total reward visibility and valuable data insights.

With integrated staking, you can now centralize ETH staking management and reporting across your portfolio. This addresses the customer need for a seamless, secure, and scalable Ethereum solution, the largest Proof-of-Stake blockchain.

The Blockdaemon Institutional Wallet™ is the perfect, all-in-one solution for qualified custodians and institutions wishing to self-custody their ETH.

Qualified custodians can now provide regulated, qualified custody services for their clients, with Blockdaemon Institutional Wallet™ as the secure infrastructure. The entire system is self-hosted, including policies, key shares, and wallet infrastructure. Segregated wallets allow for transparent tracking on the blockchain to meet regulations.

Support for Confidential Computing

The Blockdaemon Institutional Wallet™ now supports Confidential Computing.

By using secure enclaves where sensitive operations are performed, customers can now better protect sensitive data access and exposure. These secure enclaves operate with Remote Attestation and Secret Injection.

Sensitive information can now be securely processed within a trusted execution environment (TEE) by Multi-Party Computation (MPC) nodes in the Blockdaemon Institutional Wallet™, without the risk of exposing it to the underlying operating system.

This offers an additional layer of defense to the industry's most reliable and secure Multi-Party Computation (MPC) system, ensuring the protection of digital asset wallet security.

The Blockdaemon Institutional Wallet™ upholds top-notch security and policy control. This newest feature is achieved while maintaining complete independence and self-governing operational control.

Policy Control Benefits Audit Log Enhancements: A Deeper Dive into Transaction Accountability

In the ever-evolving landscape of crypto finance, transparency and security remain paramount. This release also heralds significant enhancements to the Blockdaemon Wallet's audit log capabilities.

A Comprehensive Audit Trail: With the newly integrated audit log features, every action within the wallet — from initiating to approving — is meticulously tracked and recorded. This ensures an auditable trail, showcasing each party's involvement in every transaction. Such granularity not only fortifies security measures but also provides institutions with a detailed chronicle for compliance and internal review purposes.

Timestamped Actions: Every recorded action is timestamped, offering an added layer of clarity. Institutions can precisely pinpoint when each transaction was initiated and approved, simplifying the process of timeline reconstruction during audits.

Ensuring Accountability: The expanded audit reporting function underscores the commitment to transparency, ensuring that every user action is accounted for. This feature reinforces the wallet’s dedication to upholding the highest standards of transaction integrity, giving institutions the confidence they need in their operational procedures.

By coupling transaction notes with these audit log enhancements, Blockdaemon Wallet remains at the forefront of institutional crypto wallet solutions, providing a seamless blend of user experience, security, and compliance-readiness.

Book a Call with Blockdaemon Today

Blockdaemon delivers institutional grade solutions that not only safeguard assets but also enable growth and value addition.

This new version of the Blockdaemon Institutional Wallet™ brings a range of features designed to meet market and customer needs. They include confidential computing support, Ethereum staking support, transaction notes for audit tracing.

By focusing on security and user experience, the Blockdaemon Institutional Wallet™ sets the new standard in digital asset management for institutions.

Book a call for your very own demo of Blockdaemon Institutional Wallet

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