MPCVault offers non-custodial, multi-signature wallets-as-a-service for enterprises, using multi-party computation so no single user holds a full private key. Its product includes transaction approval policies and a security layer that scans for phishing URLs, detects suspicious behavior, checks interacted addresses, and performs semantic analysis and transaction simulation. The company aims to be a "financial operating system for crypto companies" (the PayPal of crypto) with services like multichain wallets, salary payments, reconciliation, and statement reporting. Since launching its multi-sig wallet service in January, MPCVault surpassed $500 million in assets under management in seven months and has moved over $1 billion in assets. It serves more than 100 institutional customers, including crypto exchanges, venture capital firms, and other web3 projects, and is headquartered in Sunnyvale with offices in London and Singapore. Founder Jason Li notes the business depends partly on the broader crypto industry's recovery amid plunging token prices and VC funding, although B2B transaction volume remains substantial according to the company.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Aug 2023