Odaily News: Multi-signature wallet MPCVault has revealed for the first time that it completed a $3 million seed funding round in March last year. The investors include Fenbushi Capital, Tess Ventures, Youbi Capital, and individual investors such as Chen Yizhou, the co-founder of Renren, and Ye Shuhong, the former CFO of Meituan.

MPCVault is a non-custodial multi-signature wallet that utilizes multi-party computation technology to provide transaction approval schemes. This means that users cannot directly access the complete private key and can set policies to require multiple signatures before a transaction is approved. MPCVault's wallet solution includes a security layer that can scan phishing URLs, detect suspicious behavior, analyze interactive addresses, and perform semantic analysis and transaction simulations to help users understand the transactions they are actually signing.

Since launching its multi-signature wallet service in January, the company's managed assets have exceeded $500 million, with over $1 billion in assets transferred. It has more than 100 institutional clients, including cryptocurrency exchanges, venture capital firms, and other types of Web3 projects. (TechCrunch)