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TLDR
PrimeVault, a Y-Combinator-backed platform and a leader in digital asset infrastructure for institutions is integrating Radix.
This integration further enhances Radix's appeal to institutions, by providing secure, high-performance asset management.
As more institutions are able to engage with Radix through PrimeVault, the ecosystem will strengthen with deeper liquidity and improved access to DeFi markets.
PrimeVault, a leader in institutional digital asset infrastructure backed by Y Combinator, Arrington XRP Capital, HashKey Capital, Cogitent Ventures, Alchemy, and G-20 Group, has announced that it is adding support for the Radix Network within its platform.
This integration enhances Radix’s appeal and accessibility to institutions, which benefits Radix users by boosting overall visibility and adoption of XRD and the Radix Ecosystem. As more institutions engage with Radix through high-performance platforms like PrimeVault, the network strengthens, liquidity increases, and the Radix Ecosystem becomes a more attractive environment for capital deployment.
“The integration of PrimeVault with the Radix ecosystem is a pivotal moment for institutional finance. By bringing our advanced digital asset infrastructure to Radix, we are enabling seamless access to DeFi markets with enterprise-grade security and performance. This partnership continues to show our commitment to strengthen the Radix network and pave the way for institutions to confidently deploy capital in the growing Web3 ecosystem”
- Prashant Upadhyay (CEO), PrimeVault
More about PrimeVault
PrimeVaults Solution to Tech Stack Fragmentation
Institutions often face challenges with a fragmented tech stack, managing custody of assets across multiple wallets, trading across DEXs and CEXs, and writing custom code for token operations. This leads to security risks, inefficiencies, delays, higher costs, and leaves institutions without a unified system of managing their portfolio.
PrimeVault solves this by offering an advanced, integrated, end-to-end institutional wallet infrastructure that consolidates all these elements. With PrimeVault, institutions can seamlessly self-custody assets, automate workflows, natively swap and bridge a range of crypto assets and manage risk and compliance all from one place, improving efficiency, security, and decision-making.
Key Benefits and Features
PrimeVault: Built with Enhanced Security at its Core
PrimeVault delivers next-generation self-custody with zero counterparty risk, where clients maintain complete control of their assets without relying on third parties.
PrimeVault’s secure solution leverages a novel key management approach, complementing traditional Multi-Party Computation (MPC) based approaches using Trusted Execution Environments (TEEs) and Formal Verification as technologies of choice. This pioneering combination emphasizes holistic 360o security while delivering unprecedented functionality and performance for enterprise digital asset operations.
Supporting multi-chain and multi-asset management, PrimeVault also offers permissioned vaults for secure trading on external exchanges. They also provide enterprise-grade key backup and recovery, with both self-managed and third-party options, and have been audited by world-class auditing firm, Halborn and are SOC-2 compliant.
High-Performance Trading (Highest Signing Speeds and CeDeFi Liquidity)
Designed for institutions that require high-speed and high-volume trading capabilities, PrimeVault offers CeDeFi liquidity (liquidity aggregated across centralized and decentralized venues) and execution power needed to efficiently manage large portfolios.
By using specialized algorithms to suggest the most efficient trade routes, trades can be tailored to the client’s preferences, streamlining complex trades while maintaining security. Supported by best-in-class RPC infrastructure and high-speed transaction propagation, PrimeVault ensures institutions can operate at market speed without compromising security or performance.
Comprehensive DeFi Execution and Risk Management
PrimeVault delivers institutional-grade DeFi access, offering robust risk management and detailed tracking to ensure institutions have complete control and security over a diverse crypto portfolio. The platform continuously monitors assets, providing proactive alerts and de-risking suggestions.
Institutions can simulate transactions to assess potential impacts before finalizing and leverage automated tools to implement scenario-based risk strategies, such as responding to stablecoin depeg situations.
What This Means for Radix?
The PrimeVault integration marks another step in Radix’s institutional strategy. By enhancing accessibility on platforms like PrimeVault, Radix enables institutions to seamlessly incorporate the Radix Network into their trading strategies and daily operations.
“The integration of PrimeVault into the Radix ecosystem is another big step to expand the institutional strategy, this time by integrating an institutional wallet infrastructure provider that will eventually allow native interactions with Radix dApps. This integration is about providing institutional custody solutions that use Radix DeFi natively. First PrimeVault will deliver simple custody, but with a roadmap to full DeFi enablement. Stay tuned!”
-Piers Ridyard (CEO), RDX Works
This integration also provides a safer pathway for institutional investors to choose Radix as their preferred platform for deploying DeFi trading strategies, once Flash Liquidity launches on the network. As a result, professional fund managers will be able to interact with dApps in the Radix Ecosystem, such as CaviarNine, Ociswap, Astrolescent, and even perpetual DEX platforms like Surge with a wide variety of assets and deep liquidity.
Combining integrations like PrimeVault with Radix technologies like Flash Liquidity help build the foundation of Radix as a premier trading platform for DeFi.
Learn more about PrimeVault