Utila Debuts Institutional Crypto Operations Platform with $3B in Transactions in 6 Months
$3B in Transactions in 6 Months
Case Studies
Vield, a leading Australian crypto platform offering secure crypto-backed AUD loans and OTC trading, leverages Utila's MPC custody technology to streamline their crypto operations and prioritize asset security.
Trading Operations
OTC Desk & Lending Platform
Australia
Co-founder
https://www.vield.io
Co-founder of Vield
Utila's solution ticked all the boxes for us. The ease of use, robust policy and quorum features, and top-notch support made Utila the perfect partner for Vield. We're confident that Utila's technology will allow us to continue offering our customers a secure and transparent crypto experience.
About Vield
Vield is a premier Australian cryptocurrency platform that offers secure and transparent financial solutions. With a focus on crypto-backed AUD loans and over-the-counter (OTC) trading services, Vield offers a reliable and efficient platform for individuals and businesses looking to leverage their digital assets. Vield operates with a core value of “#boringbutsafe,” prioritizing the security and privacy of user assets.
The Challenge
Before implementing Utila, Vield faced challenges in managing multiple wallets and ensuring robust security protocols for their customers. Utila’s MPC custody solution provided the necessary solutions to streamline operations and enhance security.
Managing Multiple Wallets: Managing multiple wallets for each customer became cumbersome using traditional methods.
Creating Unique Addresses: Hardware wallets proved inefficient for generating unique wallet addresses for each customer.
Security Concerns: Existing MPC solutions lacked the desired policy and quorum functionalities for robust security
Solution
Vield’s integration with Utila was smooth and efficient, taking only two weeks to complete. Vield can now effortlessly generate unique Bitcoin addresses for each customer, eliminating the need for manual setup and streamlining the onboarding process and improving efficiency.
Today, Utila empowers Vield to prioritize the security of user assets with MPC custody technology ensuring that no single person can access or move assets without the necessary approvals, adhering to Vield’s multi-signature policy and ensuring the highest level of asset protection.
Also, Vield can tailor transaction approval policies and quorum requirements within Utila’s platform, ensuring a balance between security and operational efficiency.
Utila's MPC custody solution provided Vield with several key benefits:
Simplified wallet management and reduced manual processes led to increased operational efficiency.
Utila's MPC custody technology provided unmatched security for Vield's customers' assets and peace of mind.
Tailored experience with customizable policy requirements and quorum controls.
Utila's commitment to innovation, support for emerging blockchains and DeFi positioned Vield for long-term success.
Vield highlights Utila's exceptional customer support as a significant advantage. The Utila team was always readily available to address any questions or concerns.
Utila has become the trusted partner for institutions seeking secure and efficient crypto operations. With Utila’s institutional MPC wallet platform, Vield is well-positioned to continue offering its innovative crypto lending and trading services while ensuring the highest levels of security for its customers.
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