Published May 18, 2022
By Qredo Team
Qredo Integrates With Caduceus to Provide Metaverse-Ready Wallet Infrastructure
London, 18th May 2022 — Qredo is integrating with Caduceus to bring decentralized custody to the metaverse blockchain.
Caduceus will use Qredo for treasury management; including storing funds from investors and making instant crosschain swaps, and managing assets on their own EVM-compatible blockchain. Qredo's unique crystallization mechanism will also enable Caduceus to mint assets using collateral secured by decentralized MPC.
Qredo’s integration with Caduceus is based on a shared commitment to decentralized, community-owned infrastructure, and creating greater user autonomy in the blockchain space without compromising on security and privacy.
"Qredo provides the secure interoperability that is essential to realizing the promise of the metaverse to unify blockchain economies in a single immersive experience. By using Qredo Wallets, Caduceus is able to underpin their development efforts with secure custodial infrastructure built specifically for the cross-chain universe."
— Ben Whitby, Qredo Strategic Partnerships
“Qredo decentralized custody offers a uniquely secure way to store and instantly transfer assets across chains. This infrastructure gives us complete independent control, plus functionality for treasury management and asset issuance."
— Matt McGuire, Caduceus CTO
Qredo is a decentralized digital asset management infrastructure and product suite designed to unlock new opportunities for institutional investors in digital assets and decentralized finance. Qredo's Layer 2 blockchain protocol enables users to seamlessly transfer and settle bitcoin, Ethereum, and ERC-20 tokens. Assets are secured by Qredo’s Gen 2.0 decentralized Multi-Party Computation (dMPC), which provides tier-1 bank security and institutional-grade governance.
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Caduceus is a pioneer at the cutting edge of the blockchain revolution, being the first public blockchain protocol dedicated to metaverse development. Caduceus employs Decentralized Edge Cloud Rendering Computing that provides the essential infrastructure layer of web3 at unprecedented speeds, low transaction costs and exceptional security, creating a new world of almost limitless opportunity built on an economy of innovative digital assets, known as non-fungible tokens (NFTs).