Parfin Chooses Anjuna Security to Protect MPC’s Custody Assets from Risk and Abuse

0

Anjuna Security and Parfin announced that the Anjuna Confidential Cloud Software solution now enables Parfin’s MPC Custody platform to utilize the highly secure hardware protection of AWS Nitro Enclaves without any changes to applications or processes.

The additional layer of hardware-based security prevents cloud provider employees, third-party insiders, or compromised software components from accessing Multiparty Computing (MPC) cryptographic keys, digital assets, or proprietary custodial applications.

In the digital asset custody market, trust, risk protection and the highest levels of security are essential, including securing private keys, deposit addresses and credentials, even at beyond the traditional MPC. Parfin already had very high levels of security through the use of state-of-the-art blockchain and MPC technologies, TLS encryption, hardware security modules (HSMs), and SOC2 certification and compliance.

Parfin wanted to use AWS Nitro Enclaves to eliminate the potential for assets to be exposed during runtime when they are, by necessity, unencrypted in memory. Parfin also wanted to leverage the agility, high performance, scale, and economics of the public cloud.

“Anjuna provided the level of security we envisioned for our Parfin MPC Custody system,” said Alex Buelau, Chief Technology Officer and Co-Founder of Parfin. “Now we can ensure that our customers’ distributed key shares are protected by an additional layer of secure enclaves that were not possible without Anjuna.”

Even with a wide distribution of MPC or blockchain cryptographic keys, the only remaining point of exposure is when keys, code, or data are processed. Sophisticated and motivated attackers can target multiple points to orchestrate high-value theft or abuse. Closing this gap has been the goal of complex, expensive and cumbersome technologies, such as multisig and HSMs.

Anjuna fills the remaining gaps in blockchain, MPC, and public cloud infrastructure utilization by locking down data, applications, and digital assets during runtime by making confidential computing and AWS Nitro enclaves practical in the cloud. With the Anjuna solution, enterprises can seamlessly use widely available hardware-grade enclaves, requiring no code, process, or implementation changes, even across multiple clouds. Anjuna makes the highest level of runtime security fast, affordable, and instantly scalable.

“With so much at stake, it’s critical that digital finance moves beyond MPC technologies to close the potential wide open exposure that currently exists while running on servers,” said Ayal Yogev, co-founder and CEO of Anjuna. “As a leader, Parfin has taken that extra step to ensure the highest levels of protection for client assets, whether it’s digital wallets, personal information or transaction data.”

Share.

Comments are closed.