PANews reported on September 18 that according to official news, digital asset trading company QCP announced the launch of a three-party solution to provide better protection for customer assets. The new three-party solution is powered by Fireblocks, which reduces counterparty risk, enhances security, and enables institutional investors to retain control of their collateral. The main advantages of this solution are:
- Self-custodial control: Institutions retain control over their collateral, minimizing reliance on third-party custodians.
- Improved cost efficiency: The streamlined three-party model reduces fees and facilitates faster transactions.
- Reduced Counterparty Risk: Tripartite control allows access to QCP’s products with significantly reduced counterparty risk, facilitating safer trading and asset management.
- Security: Fireblocks’ industry-leading security infrastructure protects digital assets throughout the entire process.
