io.finnet, a pioneer in digital asset infrastructure, has announced the launch of its latest feature: the Virtual Signer.
Following the introduction of io.vault—a self-custody solution enabling businesses to manage their digital assets securely—this new feature was built to enhance how organizations handle their digital asset security, efficiency, scalability, and overall experience.
The Virtual Signer empowers organizations using io.vault by enabling clients to allocate secret shares required for transaction signing to a self-hosted server. It maintains the security and scalability of trustless MPC while utilizing a hardware-rooted security model through a Trusted Execution Environment.
This server participates programmatically in signing activities on a continuous 24/7 basis, ensuring seamless, scalable, and uninterrupted operations either independently or in conjunction with manual signing devices.
Key benefits of the Virtual Signer include enhanced security, operational efficiency, scalability, and an improved user experience.
Leveraging Intel SGX technology, the Virtual Signer protects signing material and approval logic from both hardware and software attacks. Integrating custom or third-party systems automates processes and eliminates undesired manual interventions, streamlining operations.
Businesses can incorporate their custom business logic directly into the approval and signature flow, making the system highly adaptable to specific needs. Additionally, the Virtual Signer can approve and co-sign instantly based on pre-defined approval rules, expediting transactions and enhancing operational efficiency.
The Virtual Signer ensures that policies for vaults, transactions, devices, and users are seamlessly automated and scalable, providing organizations with a robust and flexible solution to meet their dynamic needs.
Example use cases include creating a policy that restricts a vault to $100,000 per day in transaction volume, allowing only specific DeFi trades on Uniswap markets, and restricting transactions to white-listed addresses.
This innovative feature from io.finnet is set to bolster digital security and efficiency for businesses managing digital assets.