Fordefi, a comprehensive multi-party computation (MPC) crypto wallet platform and Web3 gateway for institutional-grade self-custody of digital assets, has completed a strategic integration with Layer-1 blockchain, Conflux Network. DWF Labs, the new generation crypto venture capital firm and liquidity provider, will be the inaugural client leveraging this significant collaboration.

The strategic partnership aims to kickstart a new era of onboarding institutional clients building on the Conflux Network, by offering next-generation digital asset operations management that fuses MPC security, blockchain connectivity, and enterprise-level performance.

'Through our partnership with Conflux and DWF Labs, we are excited to play a part in improving accessibility and security for institutional clients on the Conflux Network, inviting a wave of institutions towards a more secure and seamless DeFi experience,' shared Jacob Goh, Director of Sales APAC at Fordefi.

Conflux Network is the only regulatory-compliant, public, and permissionless blockchain in China, which caters to the distinct operational needs of institutions. Earlier in 2023, it received crypto venture funding from DWF Labs.

In addition to the integration with Fordefi, Conflux will also diversify its treasury by incorporating a portion of it into Fordefi’s comprehensive MPC wallet platform.

'Inspired by the coordination of DWF Labs, we are excited to onboard an important ecosystem partner, Fordefi, who will offer custodial solutions of accessibility and security for institutional investors on the Conflux Network. Meanwhile, the partnership will further expand the base of institutional investors of Conflux from Fordefi's existing institutional clients,' shared Yuanjie Zhang, co-founder of Conflux.

DWF Labs onboards as the first of many institutions to come, setting the precedent for others looking to leverage a high-throughput blockchain network with a robust, self-custody asset management platform.

About Fordefi

Fordefi’s MPC wallet platform is an all-in-one solution for digital asset management. Fordefi’s MPC wallet and Web3 risk engine offers institutional participants secure connectivity to dozens of blockchains and thousands of decentralised applications, granular policy controls, and transaction simulation, alongside a full-stack developer suite of native APIs and SDKs.