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Silo

SILO is a cryptocurrency custody platform designed specifically for banks and other financial institutions wanting to participate in this ecosystem.

Key features

  • Multi-wallet - Multi-wallet management system supporting different cryptocurrencies and digital assets
  • High Security - Advanced security including multi-signature, custom access rights and loss limitation to store cryptocurrency keys and process transactions securely.
  • Hardware security - Developed with leading defence supplier Guardtime, SILO system runs in a NIAP certified hardware secure environment with strict tamper-proofness guarantees.
  • Compatible coins - Bitcoin, Litecoin, Bitcoin Cash, Ethereum, ERC-20, other altcoins
  • Fully integrated to Avaloq core banking solution

Description

SILO: a secure cryptocurrency solution

SILO is a cryptocurrency custody platform designed specifically for banks and other financial institutions wanting to participate in this ecosystem. It allows the financial institution to securely manage cryptocurrency reserves with a full integration to Avaloq’s services. SILO’s multi-wallet system can manage multiple accounts with different denominations (including Bitcoin, Litecoin, Ethereum) and features essential security protocols such as multi-signature, velocity limits, and white-listing. Developed with leading defence supplier Guardtime, it is based on proven technology tested in the most critical conditions. Strict security rules remove any single point of trust, protecting against the destruction, loss or theft of keys, catastrophic events and geopolitical risk.

Documents

SILO holds the key to cryptocurrencies

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Company: Metaco SA
Category: Crypto Assets
Released: 05 June 2018
Type: Embedded