BitGo, Silence Laboratories to Develop Quantum-Safe Multi-Party Computation Wallet Infrastructure

MT Newswires Live05-26

BitGo Inc., a subsidiary of BitGo Holdings (BTGO), and Silence Laboratories said Tuesday that the parties have agreed to develop quantum-safe multi-party computation, or MPC, wallet infrastructure for institutional digital asset custody and transaction signing.

As part of the collaboration, the companies have completed the first post-quantum transaction simulation by a regulated custodian using MPC-based wallet infrastructure, according to a statement.

Looking ahead, the parties said they will continue to develop and test the solution with select customers, financial institutions, and blockchain ecosystem participants.

Financial details related to the collaboration were not disclosed.

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