Dunamu, the operator of South Korea’s largest cryptocurrency exchange Upbit, has unveiled a new custody service aimed at corporate and institutional clients, as regulatory green lights for virtual asset investments spark growing demand for secure storage solutions.
Key Takeaways:
- Upbit’s new custody service stores 100% of client assets in offline cold wallets.
- Institutional clients can customize wallets for better asset management, accounting, and audit readiness.
- Dunamu has also partnered with Vietnam’s MB Bank to launch the country’s first crypto exchange.
The service stores all deposited digital assets in cold wallets, entirely offline and insulated from internet-based threats, to shield holdings from cyberattacks and other external breaches, according to a Thursday report by The Korea Times.
To address internal security risks, Upbit employs multi-party computation and distributed key generation, ensuring no single key leak can compromise client funds.
Dunamu Offers Tailored Wallet Options For Custody
Institutions can customize wallet setups by asset type and purpose, enabling more structured asset management, streamlined accounting, and improved audit readiness.
Role-based access…
