Custody solutions

Crypto services > Custody solutions

Overview

Flowdesk provides a comprehensive and secure solution for the custody of digital assets. Registered with the AMF (French Market Authority) and ACPR (French Prudential Authority) as a Digital Asset Service Provider (DASP), Flowdesk is a custodian that offers regulated operations under strict approved processes. The company partners with industry-leading technology providers, including Fireblocks, and utilizes on-chain wallet addresses and ledger custody to ensure the highest level of security for clients' assets. We have the flexibility to choose between types of wallets: a cold wallet HSM technology for maximum security and long-term storage of large amounts of assets, and a hot wallet MPC technology for instant transactions and short-term storage of limited holdings for integration into both CEXs and DEXs.

Key Features of Flowdesk as a regulated custodian

Simplicity and Security

Flowdesk's custody solution simplifies the selection process of incorporating a custodian by performing proper due diligence and ensuring a seamless integration process. The custody solution offers a high level of security, meeting the strictest approved processes validated by regulators.

Dashboard visualization

The Flowdesk Assets dashboard provides clients with a comprehensive and detailed view of their assets, allowing them to track their balances and valuations in real-time and over time. With detailed breakdowns by asset, location, and account ID, clients can gain valuable insights into the custody of their assets.

Exchange integration

Flowdesk integrates into both centralized exchanges (CEXs) and decentralized exchanges (DEXs) through its custody solutions to provide a secure and efficient way of managing digital assets. For CEXs, Flowdesk's custody solution enables clients to deposit and withdraw digital assets with ease, while ensuring that the assets are stored securely.
For DEXs, Flowdesk's custody solution provides a secure way of storing and managing digital assets that are traded on the decentralized platform. Flowdesk's use of on-chain wallet addresses and ledger custody ensures that digital assets are protected from hacking and theft.
In both CEXs and DEXs, Flowdesk's custody solution provides clients with the flexibility to incorporate the custody that best fits their specific needs, ensuring that their digital assets are secure and accessible.

Partnerships with industry-leading technology providers

Flowdesk utilizes multiple technology partners, including Fireblocks, on-chain wallet addresses, and ledger custody, to ensure the highest level of security and operational efficiency for their clients' digital assets.
  • Fireblocks: Flowdesk collaborates with Fireblocks to provide industry-leading security for their clients' digital assets. Fireblocks is a secure platform for institutional-grade crypto asset management that provides a secure and automated infrastructure for digital asset transactions. This partnership allows Flowdesk to leverage Fireblocks' expertise and technology to secure their clients' assets and simplify the process of transferring digital assets.
  • On-Chain Wallet Addresses: Flowdesk also utilizes on-chain wallet addresses to provide added security for their clients' digital assets. On-chain wallet addresses are stored on the blockchain and can only be accessed by the owner of the private key. This provides an added layer of security as digital assets stored on-chain cannot be accessed by anyone other than the owner.
  • Ledger Custody: Flowdesk also utilizes ledger custody to ensure the secure storage of the majority of their clients' digital assets. The process of storing digital assets on a hardware device that is not connected to the internet ensures that the assets are stored in a secure and tamper-proof environment, providing an additional layer of security for clients' digital assets.

One custody solution to fit all use cases

By offering both a cold wallet and a hot wallet, Flowdesk's custody solution provides clients with the best solution for their needs based on the amount of assets they need to store, the level of security they require, and their transaction requirements.
  • Cold Wallet HSM technology: This solution is best for maximum security and is used to store large amounts of assets. The cold wallet uses hardware security module (HSM) technology to ensure the highest level of security for digital assets. It is designed for long-term storage and does not support instant transactions.
  • Hot Wallet MPC technology: This solution is best for instant transactions and is used to store limited amounts of holdings and manage transfers to exchanges. The hot wallet uses multi-party computation (MPC) technology to ensure fast and secure transactions. It is designed for short-term storage and is ideal for clients who need quick access to their digital assets for trading or other transactions.
By offering both a cold and hot wallet, Flowdesk's custody solution provides clients with the flexibility to choose the best solution for their specific needs, ensuring that their digital assets are secure and accessible.

Process and Conditions

  • Initial deposit: The client is required to deposit funds on an initial secured wallet controlled by Flowdesk on a 3rd party custodian account.
  • Funds withdrawal: Flowdesk seeks to meet funds withdrawal requests within a 24-hour window.
  • Treasury Management/Yield enhancement products: For funds deposited, Flowdesk can offer yield enhancement products tailored to the client's risk profile and objective.

Summary table

Feature
Description
Simplicity and Security
Flowdesk's solution simplifies the selection process and offers a high level of security, validated by the regulator.
Dashboard visualization
The Assets dashboard provides clients with a detailed view of their assets, including balances, valuations, and asset breakdowns by asset, location, and account ID.
Partnerships with industry-leading providers
Flowdesk partners with Fireblocks, on-chain wallet addresses, and ledger custody to ensure the highest security and efficiency for clients' digital assets.
One custody solution to fit all use cases
Flowdesk offers a cold wallet with HSM technology for maximum security and long-term storage and a hot wallet with MPC technology for instant transactions and short-term storage. Flowdesk chooses the best solution based on client needs.