By way of extending their association and taking it further, Wemix selects Ceffu’s high-level Qualified Wallet for securing its non-circulating WEMIX assets. This was done in order to gain access to an advanced and transparent asset management framework. In the bargain, Wemix has landed up shifting over 600 million WEMIX within Ceffu till now.
According to the CEO of Wemix Foundation, Henry Chang, their focus is on restructuring their asset management system. They will be paying extra attention to matters related to safety, as well as clarity and which will benefit their WEMIX community and their associated investors. Keeping this as a top priority, they honed in on Ceffu, considering the fact that the company is known for its advanced safety systems. Their way of protecting their WEMIX assets is by storing them in the Qualified Wallet, and that is what they have done.
The Qualified Wallets utilize the multi-party computation (MPC) technology through which private keys are compartmentalized into various key shares that are held on air-gapped FIPS 140-2 devices. This is then dispersed throughout various territories. This system ascertains the fact that the account is secured. Besides, the assets that are kept in Qualified Wallets are distributed amongst the on-chain addresses, bringing about total clarity and trackability.
In the case of the Head of Institutional Sales at Ceffu, Aroun Dupuis, he believes that Wemix is doing its best in promoting Web3 acceptance, and they are proud to be a part of the endeavor. Their contribution is through the offering of a platform, along with a safe framework that helps in the creation of innovative products. He is of the opinion that the amalgamation of the WEMIX ecosystem with its system of institutional safety ensures the overall growth of the crypto ecosystem.
Wemix, on its part, is a colossal ecosystem that is into providing a decentralized blockchain network that is boosted by platforms. Its aim is to introduce exposure-oriented services. The EVM adaptable open source protocol, within its fold, functions on the Stake-based Proof of Authority (SPoA) consensus system, which brings about effectiveness along with dependability.
Ceffu, on the other hand, is a manageable and high-level custody platform that provides custody and liquidity solutions. These come under ISO 27001 and 27701 certification and SOC Type 1 and Type 2 verification. It utilizes multi-party computation (MPC) technology, along with a multi-approval method that offers fitting solutions for institutional clients to be able to store their assets in a safe way. These include insured on-chain cold storage, escrow services, as well as staking, OTC, and spot trading.