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Qredo basics

Key components

Qredo aims to minimize counterparty risk and deliver a streamlined user experience while maintaining robust security. It delivers this through a multi-layered architecture, consisting of the following:

  • Qredo custody protocol is an innovative decentralized custody mechanism that leverages:

    • dMPC (decentralized multi-party computation) technology to securely store key shards and sign transactions. This advanced cryptographic signature scheme eliminates the need for private keys while offering industry-leading signing performance. You can learn more about how Qredo’s dMPC works here.

    • QredoChain is a tendermint blockchain that governs asset movement through its consensus mechanism. The protocol uses it to govern custody operations that lead to internal asset settlements or swaps (crosschain) or MPC's signature requests (e.g,. withdrawals or smart contract interactions).

  • Qredo custody platform is a digital asset management platform that caters to organizations of all sizes and various use cases, including asset management, treasury, and trading. You can create multiple Portfolios for diversified asset management within a Workspace, assign Members with various Roles and Permissions to Portfolios, and create customized rule-based Policies.

  • Qredo Signing App is a mobile application that enables users to authorize and approve (sign) digital asset transactions providing simple 2-factor authentication to crypto wallets.

Qredo is ISO, SOC Type 2 certified. Both the Qredo Network and dMPC have been independently audited and pen-tested. Qredo’s cryptographic primaries are open-source and community-reviewed via the Apache Milagro Project.