AhnLab's blockchain subsidiary, AhnLab Blockchain Company (ABC), announced the official launch of its digital asset custody service, 'ABC Cloud Wallet,' on June 1.
The ABC Cloud Wallet is a digital asset custody service that can be applied for online by individual, corporate, institutional, and foundation clients. In addition to basic storage capabilities, it is designed to allow companies and institutions to systematically manage digital asset operation rights and policies according to their internal standards.
Key features of the ABC Cloud Wallet include: optimized digital asset operation and rights management for corporate and institutional environments; a multi-security system based on Multi-Party Computation (MPC), cold wallets, and continuous monitoring; transaction monitoring and Web3 security intelligence supported by on-chain anti-money laundering (AML) measures and the in-house developed blockchain intelligence service 'BigScan'; and scalability for financial integration and stablecoin utilization based on WaaS.
ABC plans to provide a secure digital asset custody environment, enabling companies and institutions to utilize safe storage and operational systems without the burden of managing their own infrastructure. The company also expects to flexibly support stablecoin-based payment and settlement environments.
The introduction of this cloud-based custody service comes as the range of digital asset utilization for companies and institutions expands. As digital asset management evolves beyond mere storage to include payments, settlements, foundation asset management, and Web3 service operations, the need for corporate custody infrastructure that provides internal approval systems, rights management, transaction monitoring, and security oversight is growing.
Kang Seok-kyun, CEO of ABC, stated, "The ABC Cloud Wallet is a service that encapsulates ABC's security and operational experience accumulated over three and a half years of providing wallet services to 2.4 million individual customers and over 100 corporate clients. As the digital asset market rapidly expands into payment, settlement, and digital financial infrastructure, ABC will leverage its security capabilities and in-house wallet development technology to provide a safer Web3 financial infrastructure."
* This article has been translated by AI.
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