• BTC PROXY, a leading DeFi protocol for BTC holders, has announced a strategic partnership with MPCVault, a secure multi-signature custody solutions provider.
• This collaboration marks an important milestone in BTC PROXY’s mission to develop the most transparent and decentralized Bitcoin DeFi protocol.
• The partnership will enable institutions to deposit their Bitcoin into MPCVault-integrated wallets within the BTC Proxy protocol and mint BTCpx tokens.
BTC PROXY Announces Strategic Partnership With MPCVault
BTC PROXY, the leading DeFi protocol designed for BTC holders, is excited to announce a strategic partnership with MPCVault, a leading secure multi-signature custody solutions provider. This collaboration marks a significant milestone in BTC PROXY’s ongoing vision to develop the most transparent and decentralized Bitcoin DeFi protocol.
Secure Custody Solutions For Institutions
BTC PROXY has already established itself as a pioneer in the DeFi space, offering insured custody of BTC through trusted partnerships with industry-leading custodians such as Binance Custody, Gemini Trust, Hex Trust, and Fireblocks. As the industry shifts away from centralized organizations towards more transparent and decentralized solutions, BTC Proxy has joined forces with MPCVault to provide select institutions with an option for self-custody. The partnership enables these institutions to utilize multi-signature permissions, allowing for enhanced security to hold their Bitcoin in fully viewable wallets on the blockchain. Through this collaboration, partners will have the opportunity to deposit their Bitcoin into MPCVault-integrated wallets within the BTC Proxy protocol which will then mint BTCpx tokens for use within DeFi. This process ensures that partners can monitor their Bitcoin holdings both within user-friendly GUI platforms as well as on the blockchain itself.
Multi Signature Process For Enhanced Security
The multi-signature process allows for secure withdrawal and removal of Bitcoin using majority quorum, ensuring enhanced security features that are not offered by centralized platforms or insecure protocols – which often lead to closures and hacks resulting in users losing funds. By partnering with MPCVault ,BTC PROXY aims to provide its users with a seamless solution of transferring their Bitcoin onto DeFi platforms such as Redux – an on chain borrowing and lending protocol designed specifically for institutions and users seeking permissionless access to their funds.
About MPCVault
MPCVault is a self-custodial Web3 wallet designed for teams featuring multi chain capabilities ,multi asset features and multi signature capabilities . It facilitates access to decentralized finance (defi) platforms , provides hierarchical management options for team members while also processing transactions amounting up millions of dollars per day .It is trusted by hundreds of Web3 teams across globe due its advanced computer engineering techniques rendering it one of safest asset management service providers out there .
Conclusion
The strategic partnership between BTXPROXY & MPC Vault promises enhanced security & transparency when dealing with handling crypto assets at large scale which was not available before .This mutually beneficial relationship serves both interests & gives users access multiple services like asset management , multisig capability & other similar tools .