Digital asset custody, or crypto custody as some like to refer to it, is a pretty broad term that includes different methods for storing or protecting other people's digital assets. Crypto custody is similar to the custody of traditional financial assets, where you rely on third party custodians to safeguard them. However, there's one major difference with crypto. Given the decentralised nature of digital asset infrastructure, it's impossible to roll back transactions. This means if your assets are stolen, it would be virtually impossible to recover them. And this is why security is even more necessary when it comes to digital asset custody.
Krayon uses multi-party computation (MPC) to secure your digital assets. MPC is the leading solution for crypto asset custody.
Krayon's digital asset custody platform was built for companies and teams. With Krayon, you can create an organisational account that lets you manage user roles and permissions.
Make bulk payments to hundreds of contacts in just a few clicks. We make it easy for businesses to handle mass crypto payments.
Krayon uses MPC (multi-party computation) as well as other security measure to keep your crypto assets secure. You can learn more here: What is MPC?
The short answer is that multisig wallets aren't fit for enterprise solutions. Multisigs lack the operational flexibility and privacy afforded to you by using an MPC solution. You can check out this page on MPC vs. Multi-sig.
