New Blockchains, Market Makers, and Institutions can now
independently add the blockchains they need in a fast, secure, and
customizable enterprise-grade solution
DOVER,
Del., July 16, 2024 /PRNewswire-PRWeb/ --
Cordial Systems, a provider of institutional-grade self custody
software using a Zero Trust security model, open sources its
Cross-Chain Library, enabling any market participant to add
institutional wallet support for any blockchain they have demand
for. On the supply side, any mainnet launch for a new blockchain
can now add an institutional wallet for their chain and grow their
ecosystem for institutional investors and traders. Alephium, a
sharded L1 blockchain, is one such protocol looking at wallet
support via the cross-chain library.
"With our open-source cross-chain library,
institutional traders can now independently add the blockchains and
assets they need to their Cordial Treasury instance, or create
their own multi-chain wallet."
Sebastian Higgs, COO &
Co-Founder, said, "Cordial Systems is proud to announce the open
sourcing of our cross-chain library, a game-changing development
for the crypto industry. This solves a critical
problem faced by many: missed revenue opportunities due to lagging
wallet support, inadequate solutions for early stage coin
investing, and limited options for new blockchains seeking to grow
their ecosystem. With our open-source cross-chain library,
institutional traders can now independently add the blockchains and
assets they need to their Cordial Treasury instance, or create
their own multi-chain wallet. Eliminating the need for subpar
workaround solutions and enabling them to seize new revenue
opportunities."
The investing community has prominently felt this pain. Whether
it was a lack of wallet support during Solana summer
of 2021, new chains not making it onto the coin support roadmap of
custodians, or generally finding alpha further out on the risk
curve of the crypto universe with limited wallet
support. Now anyone can add wallet support for any blockchain they
want to hold assets on, write transactions, and read chain data
such as balances or transaction history. New users can tap into
Cordial's Cross-Chain Library to build their own multi-chain
wallet, while existing Cordial Treasury customers can add
additional blockchains to their accounts.Cordial hopes to improve
on this over time. In addition to adding any blockchain for holding
and sending assets, Cordial plans to eventually add staking
transactions to this library.
Cordial Treasury currently supports over 35 blockchains in total
including all bitcoin and relevant forks,
Ethereum and other EVM chains, Polkadot
ecosystem, Cosmos ecosystem, Provenance, Aptos, Sui and more. Other
networks have the capability to be added in as little time as one
week, or can now be added independently by customers due to Cordial
Treasury using the open-source crosschain library.
To learn more about Cordial Treasury, please visit
http://www.cordialsystems.com
For media inquiries, please contact Phil
LeRoy at (310) 260-7901 or Phil(at)MelrosePR(dot)com.
About Cordial Systems
Cordial Systems is a provider of institutional-grade self custody
software using a Zero Trust security model. Cordial Systems' first
product, Cordial Treasury, provides institutions with the first
fully trustless solution that delivers full sovereignty—not just
over their digital asset keys—but also including transaction
policies, key share generation process, backup and recovery,
database of audit logs, and account level changes. In other words,
Cordial Treasury empowers institutions with the infrastructure to
run their own MPC wallet solutions in-house without the heavy
vendor side dependencies.
Media Contact
Phil LeRoy, Cordial Systems,
(310) 260-7901, phil@melrosepr.com,
http://www.cordialsystems.com
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content:https://www.prweb.com/releases/cordial-systems-open-sources-its-cross-chain-library-enabling-any-blockchain-to-tap-into-an-enterprise-grade-custody-solution-with-a-few-basic-inputs-302197244.html
SOURCE Cordial Systems