Company
Date Published
Author
Adit Vaidya
Word count
681
Language
English
Hacker News points
None

Summary

Circle Internet Financial announced several product enhancements at Converge22, their inaugural crypto conference, to support businesses in transitioning more operations on-chain, particularly in storage, payments, and security. The company aims to address challenges such as account security and transaction integrity by developing an enterprise-grade treasury platform and acquiring CYBAVO for secure digital asset management. Circle's custody solution employs Multi-Party Computation (MPC) Wallets to eliminate single points of failure by distributing private key-shares, allowing flexible approval workflows, and enhancing security. The Circle Account merges blockchain efficiency with traditional platform security, offering features like automated transactions and global 24/7 operations. These innovations are set to gradually roll out to select customers, with plans for broader availability, as Circle continues to enhance its platform capabilities for on-chain business and treasury operations.