🏦 Blockstream partners with Thales to launch a Bitcoin custody system for institutions, bringing the entire signing process into an HSM.
📌 The solution combines Thales HSMs with Blockstream Secure-MPC, carrying out the entire signing protocol in a secure hardware environment instead of signing part of it externally.
📌 Adam Back says traditional MPC is too complex and interactive, and “really cannot be used in a cold-storage environment.”
Impact: The institutional custody standard for Bitcoin is being upgraded, strengthening long-term confidence in $BTC while capital flows remain cautious.
💬 Is this offline custody approach convincing enough to get major funds to switch to Bitcoin?
#Bitcoin #CryptoNews
🔗 Source: Cointelegraph
⚠️ For informational purposes only; not investment advice. Do your own research before making a decision (DYOR).
📌 The solution combines Thales HSMs with Blockstream Secure-MPC, carrying out the entire signing protocol in a secure hardware environment instead of signing part of it externally.
📌 Adam Back says traditional MPC is too complex and interactive, and “really cannot be used in a cold-storage environment.”
Impact: The institutional custody standard for Bitcoin is being upgraded, strengthening long-term confidence in $BTC while capital flows remain cautious.
💬 Is this offline custody approach convincing enough to get major funds to switch to Bitcoin?
#Bitcoin #CryptoNews
🔗 Source: Cointelegraph
⚠️ For informational purposes only; not investment advice. Do your own research before making a decision (DYOR).
