Blockstream, Thales launch institutional crypto custody solution

Bitcoin infrastructure developer Blockstream has launched a cryptocurrency custody solution for institutional clients with French technology company Thales, Cointelegraph reported. The solution combines Thales’ hardware security modules, or HSMs, with Blockstream’s Secure-MPC technology and is designed to process transaction signing inside dedicated secure hardware. Blockstream co-founder Adam Back said conventional MPC technology has a complex structure and requires extensive communication between devices, making it difficult to apply to fully offline storage. Back added that strengthening security through cold storage is important, particularly as artificial intelligence can be misused to identify subtle software vulnerabilities.