June 24th, 2024 – io.finnet, a pioneer in digital asset infrastructure, is thrilled to announce the launch of its latest feature: the Virtual Signer. This new feature, following the recent launch of io.vault—a self-custody solution enabling businesses to securely manage their digital assets—is set to revolutionize the way organizations manage their digital asset security, efficiency, scalability, and overall experience.

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Virtual Signer: A New Era of Digital Security and Efficiency

The Virtual Signer empowers organizations using io.vault by enabling clients to allocate secret shares required for transaction signing to a self-hosted server. The Virtual Signer still benefits from the security and scalability of trustless MPC all while maintaining a hardware rooted security model via the use of a Trusted Execution Environment. This server programmatically participates in signing activities on a continuous 24/7 basis, ensuring seamless, scalable and uninterrupted operations either independently or in conjunction with manual signing devices.

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Key Benefits of Virtual Signer:

• Enhanced Security: The Virtual Signer leverages a Trusted Execution Environment (TEE) utilizing Intel SGX technology to protect signing material and approval logic from both hardware and software attacks.
  
  
• Operational Efficiency: By integrating custom or third-party systems, the Virtual Signer automates processes and eliminates undesired manual interventions, thereby streamlining operations.
  
  
• Scalability: Businesses can incorporate their custom business logic directly into the approval and signature flow, making the system highly adaptable to all specific needs.
  
  
• Improved User Experience: Virtual signers can approve and co-sign instantly based on pre-defined approval rules, expediting transactions and enhancing operational efficiency.

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Automation and Scalability Across Various Policies: 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.

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Example Use Cases:

• Vault Transaction Limits: Create a policy that restricts a vault to $100,000 per day in transaction volume.
  
  
• DeFi Trade Restrictions: Create a policy that only allows DeFi trades on specific Uniswap markets.
  
  
• Transaction White-listing: Create a policy that restricts transactions to white-listed addresses.
  
  

Get Started Today. For more information about Virtual Signer integration and to start using it today, visit iofinnet.com.

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About io.finnet

At io.finnet, we believe that secure and seamless access to digital assets is paramount. We provide innovative digital asset infrastructure solutions for various industries, including finance. Our expertise spans enterprise blockchain, cryptographic security, multi-party computing (MPC), and lightning-fast secure APIs.

Our comprehensive product portfolio includes:

• io.network: A 24/7 instant settlement platform leveraging private blockchain technology.
• io.vault: A self-custody solution enabling businesses to securely manage their digital assets.
• io.flow: A network of payment providers for processing multi-currency transactions through local and cross-border payment rails.