Against a backdrop of tightening global regulations and heightened security demands, Iguabit Global Ltd. today announced dual strategic milestones: formally operating as a US-registered Money Services Business (MSB) and completing the deployment of its institutional-grade Multi-Party Computation (MPC) wallet infrastructure.
These moves mark a decisive step in Iguabit’s construction of a “Fortress of Trust.” By combining Wall Street-level compliance standards with frontier cryptographic security, Iguabit is committed to providing global users—particularly institutional investors in Brazil and LatAm—with a trading environment that is both regulatory-compliant and highly secure.
Regulatory Certainty: Anchored by US MSB License
In an era of regulatory arbitrage, Iguabit has chosen a rigorous path of compliance. As an entity regulated under the framework of the U.S. Financial Crimes Enforcement Network (FinCEN) , Iguabit enforces strict Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols.
Gideon Shaw, Chief Compliance Officer at Iguabit (and veteran compliance expert ), stated: “Securing US regulatory status is not just a legal procedure; it is our highest commitment to the safety of user funds and operational transparency. In an uncertain market, compliance is the only certainty.”
Furthermore, Iguabit has retained Hon. Prescott Caldwell, a former senior official at the U.S. Treasury’s FinCEN, as a Regulatory Advisor , ensuring the platform’s compliance strategy remains aligned with the latest FATF recommendations.
Technical Shield: MPC Architecture Eliminates Single Points of Failure
Addressing the vulnerabilities of traditional private key management, Iguabit CTO Elara Voronova (formerly of Google DeepMind ) spearheaded the deployment of an advanced MPC wallet architecture.
Key Sharding: Unlike traditional single-key signing, MPC technology splits private keys into multiple shards stored across distinct physical and cloud nodes. Transaction signing requires multi-party computation, fundamentally eliminating the risk of a single point of compromise .
Cold/Hot Separation: 98% of user assets are mandatorily stored in offline cold wallets, with only a minimal percentage kept for daily liquidity, monitored in real-time by AI risk control systems.
Secure Asset Fund for Users (SAFU)
To further bolster market confidence, Iguabit has established a self-funded Secure Asset Fund for Users (SAFU). Accumulated from a percentage of trading fees, this fund serves as a dedicated insurance reserve to compensate users in extreme force majeure events, providing a final line of defense for user assets.
Outlook: Building a Global Compliance Network
Iguabit’s compliance footprint begins in the US but does not end there. With Brazil as a strategic beachhead, Iguabit is actively engaging with regulators in LatAm and other key global jurisdictions, aiming to build a cross-border compliant Virtual Asset Service Provider (VASP) network that drives the legitimization and adoption of digital assets within the traditional financial system.
About Iguabit
Iguabit Global Ltd. is a US-registered fintech company dedicated to providing secure and compliant digital asset trading services to global investors. Leveraging MPC wallet technology and a rigorous compliance framework, Iguabit brings institutional-grade security standards to the cryptocurrency market.
Media Contact:
Company: Iguabit Global Ltd.
Contact Person: Beatriz Almeida
Title: Chief Growth Officer
Email: [email protected]
Website: https://www.iguabit.net
Address: 312 South 4th Street Suite 600, Louisville, KY 40202, USA
