Enhance the level of your Crypto Asset security with
Hokan’s Threshold Signature Scheme
Next-Gen Security Solution
Threshold Cryptography is cryptographic primitive for the generation, management and use of distributed keys. This means that a number of actors need to collaborate for both the creation and use of these keys. This ensures that no single party has control over the assets. Hokan was designed ground-up to leverage TSS, in order to keep accounts as secure as possible, both from fraud and from loss of private keys.
After a registration phase, in which all parties must be involved in the creation of the public key and the associated address, for each transaction, the signatories will use their personal “private share” to sign the transaction. The transaction will only be valid if and only if at least n (the threshold) of m (the actors) will have signed.
- NO-ONE OWNS THE PRIVATE KEY – THE PRIVATE KEY DOES NOT EXIST, ONLY THE M PRIVATE SHARES
- THERE IS NEVER A SINGLE KEY WHICH AN ATTACKER CAN EXPLOIT
- MULTIPLE SIGNATURES ARE REQUIRED FOR EXECUTING EACH TRANSACTION
No single Private Key
There is no single private key anymore, and the risk associated with its custody is distributed. By implementing a TSS protocol Hokan used multi party computation do distribute secrets between n parties in order to remove single point of attack.
Shared key and responsability – decentralized security
All crypto transactions, such as the “opening of the vault” are permitted only with the approval of a set amount of authorized people. Our system is based on distributed and decentralized keys bound together by an n–of–m authorization systems that guarantees security and shared responsibility. No single entity has control of the crypto assets.
More security, but same usability
Each element of the platform has been designed to be secure with a customer centric approach. Strong Authentication, Integrated KYC / AML features and Multi-approval schemes are just some of the features which make Hokan the safest crypto custody platform.
Other features
- 01. Withdrawals require Multi-sig authorization
- 02. Built-in full auditing and reporting
- 03. Leverages a Fully Secure encrypted OS
- 04. Multichain platform
- 05. Dedicated support
- 06. Cloud & On-premises
- 07. Mandatory 2FA
- 08. High security hardware key
WHITE LABEL SOLUTION
Use and installation of the Hokan platform in Cloud mode / on the premises.
The fintech will be able to use Hokan to resell the custodian service to its customers – a new financial product: the safekeeping of cryptocurrencies. And therefore lead to its acquisition as part of their investment portfolio.
With the security offered by Hokan, and the shared key holding mechanism. The money is locked in a virtual safe space.
A DIGITAL VOULT TO SECURE YOUR KEYS
Use and installation of the Hokan platform in Cloud mode / on the premises.
The fintech will be able to use Hokan to custode private keys using the most secure way: security is the key. A new service for customer but also a new security layers for enterprise.
With the security offered by Hokan, and the shared key holding mechanism. The key are locked in a virtual safe space, were nothing – if nobody but you can access.