1 min. read
How Polity Network enables their customers to direct self-custody their customers’ digital assets with Fireblocks
Benefits at a glance
Enterprise-grade secure wallet infrastructure
Secure MPC technology provides better user experience, passwordless access.
Self-Custody model support
Users can generate their private keys and be completely assured that only they have access to their private keys.
Polity Network is the first enterprise-grade, federated crypto wealth management network for professional advisors and their clients, bringing together advisors, app merchants, and investors on an open-architecture crypto wealth management marketplace.
By using Fireblocks non-custodial wallets and the Fireblocks SDK, we can provide Polity Network users with the same level of security as the largest institutions operating in the the DLT blockchain crypto space at the moment, without the complexity that comes with having to remember your own seed phrase.
[With Fireblocks we’re able to offer] this really secure, intuitive, and easy onboarding experience, which ultimately is perfect for the next wave of adoption – the mid-market, who are not necessarily crypto natives, but still want to get involved with all of the interesting investment opportunities that the tokenized ecosystem has to offer.
My name is Ben Baldiari. I’m the Community Officer for Polity Network, a first-in-kind decentralized wealth tech infrastructure that bridges DeFi innovation, CeFi efficiency, and TradFi best practices. This combination of DeFi, CeFi, TradFi allows us to [be] really pragmatic and combine the best aspects of each of these different ecosystems in one easy-to-use, intuitive, and secure portal for our users.
Many users in the crypto space are happy with a browser extension or some other relatively insecure wallet solution. And while that is suitable for some individuals, that’s not going to be suitable for everybody.
Security is really at the forefront of everything that we do, and it’s a real pressing concern for our end users as well. So, we were looking for a wallet that was portable, that made use of secure MPC technology, and provided a better user experience and passwordless access; [this] really allows for that secure, self-directed, intuitive user experience.
Fireblocks is built with secure MPC technology, and this is exactly what we’re looking for because it provides that seamless, secure user experience.
So, with the Fireblocks SDK, the user is able to generate their private key on their device, which means that we are completely taken out of the custodial flow. Users can generate their private keys and they can be completely assured that only they have access to their private keys.
