Colossus is excited to unveil a strategic partnership with Dfns, a leading custody solution, with an integration aimed at revolutionizing both companies offerings in the web3 ecosystem. This collaboration marks a significant milestone in Colossus’s commitment to delivering unparalleled security and innovation for our clients.

By joining forces with Dfns, Colossus is leveraging their technology and accessibility to enhance the current custody offering and operational efficiency of our regulated node staking services. Dfns' success in developing enterprise-grade security solutions perfectly complements Colossus's mission to provide staking services fully integrated into custody environments to institutional players.

This strategic alliance represents our continued dedication to pushing the boundaries of security, reliability, and performance in the digital asset landscape.

DFNS, A BRIEF INTRODUCTION

Dfns is a Wallet-as-a-Service platform which streamlines digital asset operations, trusted by leading financial institutions in the web3.0 space. By seamlessly integrating with more than 100 blockchain networks and applications, their solution empowers individuals to securely manage their digital assets and effortlessly engage with the decentralized ecosystem. Their ease of use has made them the Go-To for Colossus as an integration for their Institutional Hub, by leveraging the key features of Dfns in order to expand service offering of both companies and attract the institutions who are interested in empowering their current asset management strategy. Some of these key features are:

1. MPC-Based Security: Instead of relying on a single private key, Dfns uses distributed cryptographic processes to secure transactions, ensuring resilience against breaches.

2. User-Friendly API Integration: The solution is designed to integrate seamlessly with various financial platforms, enabling businesses to manage and scale their digital asset operations easily.

3. Regulatory Compliance: It aligns with global security and compliance standards, making it a reliable choice for regulated institutions.

4. Decentralized Infrastructure: Dfns’ decentralized design removes single points of failure, offering enhanced reliability and robustness.

5. Multi-Asset Support: Supports a broad range of cryptocurrencies and tokens, making it versatile for different use cases in the digital asset space.

6. Support for multiple signing algorithms: ECDSA, EdDSA, Schnorr, Stark Curve, Bitcoin Taproot, SLIP and BIP Derivations. Dfns invested years to develop and integrate all of these algorithms and more are coming.

Through the integration of these features, Colossus has been able to fully integrate staking directly from custody for Dfns customers, unlocking the potential of more than 20 chains. To further empower the security for both customers we have enabled our own developed “transaction lens” which is an integrated decoder to tackle the blind signing problem for on-chain transactions. This development based on public API and Libraries is made with in mind the need of Institutional clients of knowing “what they’re signing” , drastically reducing any risk associated with blind signing and effectively removing the word “blind” out of the equation.

BITCOIN STAKING: SOMETHING UNPRECEDENTED IS ON THE HORIZON

Colossus behind the curtains, leveraging Dfns unique features, has been developing something special behind the scenes. We are proud to unveil that Colossus, already a finality provider for Babylon Protocol, will be the first finality provider to unlock Staking for Bitcoin directly from custody.

Thanks to this partnership, Colossus is unlocking the true potential of a market that was previously “locked” away for most institutions: Bitcoin - the biggest digital asset by market cap - will be available for staking. We’re at the forefront of something completely new, but together with Dfns Colossus has integrated this unique feature which will completely reshape the way Institutional players can interact with the main traded digital asset.

We will unveil more in the next few days, while we wait for the “Cap-3 of Phase 1” event of Babylon that will take place on the 10th of December.

Stay tuned both on Colossus and Dfns channel to be the first to enjoy the latest revolution in the staking space.
Babylon Protocol's finality providers

Our CEO and Founder Gianni Pelosi proudly stated that "Our partnership with Dfns represents a pivotal moment for Colossus – a strategic collaboration that not only elevates our infrastructure but fundamentally transforms institutional digital asset management. By pioneering Bitcoin staking directly from custody and integrating Dfns MPC security technologies, we are setting new industry standards and unlocking unprecedented opportunities for institutional investors, who can now join with us in this revolution of the Web3.0 space”.

Visit our website colossus.digital to reach out to us to learn more about our enterprise-grade staking and how we can tailor the perfect solution for your company.