Cordial Systems Launches Cordial Treasury, Names Jump Crypto and Backpack as Early Clients
Summary
Cordial Treasury is a self-hosted product that enables institutions to independently manage their digital asset operations, empowering firms like Jump Crypto to run their own MPC wallet and policy solutions in-house. With over 30 chains already supported and in use by industry leading participants, Cordial Treasury is poised to offer institutions best-in-class digital asset management solutions. Prior to the launch of Cordial Treasury, many institutions proved reliant on third parties for holding private keys, correctly maintaining policies, and ultimately having too much power over the account. This is why we are especially excited to roll out our solution with proprietary traders and exchanges as part of our early clients, proving that crypto firms and companies can participate in this fast-growing industry without compromising on any aspect of security or sovereignty." In other words, Cordial Treasury empowers institutions with the infrastructure to run their own MPC wallet solutions in-house without the heavy vendor side dependencies.