Crypto custody service and enterprise platform, Unido, has announced its partnership with LGCY, an open-source blockchain protocol. Users of the LGCY enterprise client will benefit from Unido's secure multi-signature wallet technology. The pairing is set to welcome an incoming wave of institutional investors who are resorting to blockchain and cryptocurrencies amid current inflation worries.
LGCY is a fork of the TRON network that uses a Delegated Proof-of-Stake consensus algorithm for better scalability. It will now feature a white-label version of Unido's wallet where users can store their tokens securely. The network's growing community of developers will also make use of Unido's Core API to build decentralized applications designed for enterprise solutions.
Through this strategic partnership LGCY will become a better option for the growing market of crypto-native enterprises. These companies are already looking for solutions that provide all-in-one services that include custody as well as interoperability with today's leading DeFi applications. On the other hand, Unido will count on a new user base through LGCY's use of its API services.
Both teams commented on the partnership:
"LGCY and UNIDO are excited to announce that both platforms will be working together to deliver the security of the Unido EP multi sig platform to LGCY enterprise clients users. The integration of the LGCY blockchain into the Unido platform will be completed as LGCY approaches mainnet launch."
Unido is a crypto asset custody service and enterprise platform that provides features for the management and investment of crypto assets on-chain. It relies on a patent-pending private key obfuscation algorithm for security and offers services that are compatible with other popular blockchain networks. Unido's features include a business banking portal as well as DeFi Vault.
LGCY is a Delegated Proof of Stake fork of the TRON blockchain that seeks to solve current scalability issues in popular blockchains and deliver on the promise of a truly decentralized blockchain. The platform counts on a fast-growing developer community.