Metaverse Spawns Need For Enterprise-Level Crypto Custody Solutions, Unido Claims

Sydney, Australia–(Newsfile Corp. – April 5, 2022) – A new enterprise-level crypto custody platform Unido aims to target SMBs looking to enter the metaverse economy.

Currently about to launch community beta testing, Unido EP is the latest offering from blockchain company Unido and CEO Chris Weddle says now is the perfect time.


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“With many other large companies launching metaverse platforms, we are already seeing the need for tighter security and governance.

“In addition, there has been an increase in small business interest in Metaverse and Web 3 technology, which will only grow as the technology matures,” says Weddle.

Google trending data shows an increase in search data for the term “metaverse” in 2021.

“Despite the inevitable controversy around the metaverse, like any new technology, businesses are keen to capitalize on the opportunity and that is why it is vital that we have enterprise-level crypto custodial solutions built on the blockchain. They will be the cornerstone of the web 3 economy.”

Weddle fears companies will face huge security, governance, and liquidity challenges in the rush to jump on the metaverse bandwagon.

“Hacks happen on crypto exchanges and while most have good security protocols, many of them are not configured to meet enterprise-level security, compliance and liquidity needs,” says Weddle.

If the recent $200M hack on Bitmart is something to pass, it is a problem that is not going away.

Still, Weddle remains optimistic about where the industry is headed, citing huge growth in the enterprise cryptocurrency custody sector. A recent report from Deloitte indicates that crypto The digital asset market has reached US$239 billion.

“With a greater focus on enterprise crypto investing, companies that don’t implement institutional-grade custodial solutions will struggle when the metaverse takes off,” Weddle says.

Unido’s enterprise platform is expected to be released in early 2022 once beta testing is complete.

“For SMBs, Unido EP offers enterprise-level liquidity and security, so we’re excited to put the platform to the test.”


Story Contacts:


Mike Swann (Finance): 0412011396

Chris Weddle (technical): 0408 955 295

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Metaverse Spawns Need For Enterprise-Level Crypto Custody Solutions, Unido Claims

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