Cordial Systems Open Sources Its Cross-Chain Library, Enabling Any Blockchain to Tap into an Enterprise Grade Custody Solution with a Few Basic Inputs
New Blockchains, Market Makers, and Institutions can now independently add the blockchains they need in a fast, secure, and customizable enterprise-grade solution
DOVER, Del., July 16, 2024 /PRNewswire-PRWeb/ — Cordial Systems, a provider of institutional-grade self custody software using a Zero Trust security model, open sources its Cross-Chain Library, enabling any market participant to add institutional wallet support for any blockchain they have demand for. On the supply side, any mainnet launch for a new blockchain can now add an institutional wallet for their chain and grow their ecosystem for institutional investors and traders. Alephium, a sharded L1 blockchain, is one such protocol looking at wallet support via the cross-chain library.
“With our open-source cross-chain library, institutional traders can now independently add the blockchains and assets they need to their Cordial Treasury instance, or create their own multi-chain wallet.”
Sebastian Higgs, COO & Co-Founder, said, “Cordial Systems is proud to announce the open sourcing of our cross-chain library, a game-changing development for the crypto industry. This solves a critical problem faced by many: missed revenue opportunities due to lagging wallet support, inadequate solutions for early stage coin investing, and limited options for new blockchains seeking to grow their ecosystem. With our open-source cross-chain library, institutional traders can now independently add the blockchains and assets they need to their Cordial Treasury instance, or create their own multi-chain wallet. Eliminating the need for subpar workaround solutions and enabling them to seize new revenue opportunities.”
The investing community has prominently felt this pain. Whether it was a lack of wallet support during Solana summer of 2021, new chains not making it onto the coin support roadmap of custodians, or generally finding alpha further out on the risk curve of the crypto universe with limited wallet support. Now anyone can add wallet support for any blockchain they want to hold assets on, write transactions, and read chain data such as balances or transaction history. New users can tap into Cordial’s Cross-Chain Library to build their own multi-chain wallet, while existing Cordial Treasury customers can add additional blockchains to their accounts.Cordial hopes to improve on this over time. In addition to adding any blockchain for holding and sending assets, Cordial plans to eventually add staking transactions to this library.
Cordial Treasury currently supports over 35 blockchains in total including all bitcoin and relevant forks, Ethereum and other EVM chains, Polkadot ecosystem, Cosmos ecosystem, Provenance, Aptos, Sui and more. Other networks have the capability to be added in as little time as one week, or can now be added independently by customers due to Cordial Treasury using the open-source crosschain library.
To learn more about Cordial Treasury, please visit http://www.cordialsystems.com
For media inquiries, please contact Phil LeRoy at (310) 260-7901 or Phil(at)MelrosePR(dot)com.
About Cordial Systems
Cordial Systems is a provider of institutional-grade self custody software using a Zero Trust security model. Cordial Systems’ first product, Cordial Treasury, provides institutions with the first fully trustless solution that delivers full sovereignty—not just over their digital asset keys—but also including transaction policies, key share generation process, backup and recovery, database of audit logs, and account level changes. 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.
Media Contact
Phil LeRoy, Cordial Systems, (310) 260-7901, phil@melrosepr.com, http://www.cordialsystems.com
SOURCE Cordial Systems
