Qredo: Institutional-Grade Digital Asset Infrastructure

Qredo provides enterprise-level digital asset infrastructure through distributed multi-party computation (dMPC) technology, enabling secure self-custody and cross-chain trading. The platform's Layer 2 network facilitates instant settlement and cross-chain transactions while maintaining institutional-grade security and governance. Qredo has processed over $9.2B in transaction volume in Q2 2023 alone, securing assets through their innovative dMPC technology that eliminates private key vulnerabilities. The platform is backed by major players including Coinbase and Genesis Trading, with comprehensive insurance coverage up to $600M through Lloyd's of London.

What Makes Qredo Special?

Qredo stands out in the digital asset infrastructure space through its revolutionary approach to custody and asset management. At its core, Qredo's distributed multi-party computation (dMPC) technology eliminates the single point of failure inherent in traditional private key management systems. Unlike centralized custody solutions or even other MPC implementations, Qredo's approach truly distributes the signing process across multiple geographic locations, making it impossible for any single party to compromise the system.

The platform's Layer 2 network serves as an immutable asset registry, enabling instant cross-chain transactions without the usual delays and fees associated with Layer 1 blockchains. This infrastructure is particularly valuable for institutions that need to manage assets across multiple chains while maintaining strict security and compliance standards.

Qredo's Core Products

Qredo Network

Qredo Network forms the backbone of the platform's infrastructure as a Layer 2 blockchain built on Tendermint. The network records asset ownership and facilitates cross-chain transactions through distributed MPC nodes without ever recreating private keys. This approach enables instant settlement and cross-chain interoperability while maintaining institutional-grade security.

The network supports multiple blockchains including Bitcoin, Ethereum, Solana, and various ERC-20 tokens, with more integrations planned. Transaction fees are minimal at 0.5 basis points, making it highly cost-effective for frequent traders and institutions managing large portfolios.

Qredo Vaults

Qredo Vaults represent the platform's custody solution, offering institutional-grade security through dMPC technology. The vaults eliminate the risks associated with private key management while providing granular control over digital assets through customizable governance policies.

Users can create multiple vaults with different access policies, enabling sophisticated treasury management and operational security. Each vault can have its own set of approvers and custom transaction limits, allowing organizations to implement proper segregation of duties and risk management.

Clear Vault

Clear Vault is Qredo's trading infrastructure solution that enables users to trade directly from self-custody. This innovative system allows traders to maintain control of their assets while accessing trading venues, eliminating counterparty risk and the need to pre-fund exchange accounts.

How to Use Qredo

Getting started with Qredo involves a straightforward process designed to accommodate both individual and institutional users. First, users create an account through Qredo's web interface, completing necessary KYC requirements for their jurisdiction. Once verified, users can create their first vault and begin depositing assets.

For institutional users, Qredo provides additional setup options including multi-user access controls and custom governance policies. Organizations can define roles such as Administrators, Fund Organizers, Approvers, and Traders, each with specific permissions aligned with their operational needs.

Features and Capabilities

Governance and Access Control

Qredo's governance framework provides unprecedented control over digital assets through Role-Based Access Controls (RBAC). Organizations can implement sophisticated approval workflows, requiring multiple signatures for transactions above certain thresholds or involving specific assets.

Cross-Chain Operations

The platform's Layer 2 network enables seamless cross-chain transactions without wrapping tokens or relying on bridges. Users can instantly move assets between supported chains with minimal fees and no counterparty risk.

Integration Capabilities

Qredo provides extensive API access and integration libraries in Python, Node.js, and Java, enabling developers to build custom solutions on top of the platform. This includes integration with popular tools like MetaMask Institutional for DeFi access.

Security and Audits

Security at Qredo operates on multiple levels, starting with their innovative dMPC technology that eliminates private key vulnerabilities. The platform has undergone extensive auditing by renowned firms including Quantstamp, NCC Group, and Zokyo.

The platform recently transitioned its validator nodes to Trusted Execution Environments (TEEs), representing a significant step toward decentralization while maintaining security. Qredo maintains comprehensive insurance coverage through Lloyd's of London, with up to $600 million in coverage available for assets secured using the network.

The Team Behind Qredo

Qredo's team brings together expertise from both traditional finance and crypto. Key members include:

• Anthony Foy (CEO): A serial entrepreneur with over 20 years of experience in frontier technology companies
• Josh Goodbody (COO): Former executive at Huobi Global and Binance, with extensive experience in scaling crypto platforms
• Brian Spector (CPTO): Led global teams at McAfee and RSA Security in enterprise cryptography
• Ben Whitby (VP Strategic Partnerships): Crypto advocate since 2013 with extensive regulatory experience

QRDO Token and Tokenomics

The QRDO token plays a central role in the network's operations and governance. With a maximum supply of 2 billion tokens, QRDO implements an innovative tokenomics model that rewards all network participants, not just validators.

The token distribution includes allocations for:

• Ecosystem Fund: Supporting network growth and development
• Staking Support Fund: Bootstrapping decentralization efforts
• Treasury Fund: Platform development and strategic initiatives
• Public Goods Fund: User adoption and partnership projects

Roadmap and Future Development

Qredo's development roadmap focuses on three key areas:

1. Increased decentralization through Delegated Proof of Stake
2. Enhanced QRDO token utility
3. Improved transparency and community engagement through open governance

Near-term developments include:

• Integration of additional blockchain networks
• Launch of fiat on-ramps
• Implementation of exchange API integration
• Expansion of validator decentralization
• Development of advanced policy engines for institutional users