What we are doing
Since 2017, atato has worked with the Bank of Thailand, became ConsenSys' first partner in Asia, performed research with KBTG, Kasikorn Bank's tech arm , and built a number of Ethereum-powered software platforms for financial institutions across South-East Asia. In 2021, the company shifted to a product business and is bringing to market a digital assets and cryptocurrencies secure storage and custody solution after closing its seed round in March, with investments from SOSV, Zipmex and angel investors. Atato custody, a SaaS digital asset custody platform, is the first iteration on the company's broader vision: enabling the next 100 million blockchain users. We're a team who loves to build great products, and amazing communities.
For secure computers to succeed, we need to rethink how we operate them. Right now we expect users to create a wallet, secure a seed phrase, understand transactions, tokens, fees, learn how DeFi protocols are designed, and figure our the right dApp to use them. While this is the state of the art, and the dApps and their protocols are absolutely incredible, the reality is that very few people care enough to go through all these complex steps. The success of DeFi, NFTs and gaming on blockchains is a great indicator of the potential of the technology. But we're still expecting tech-savvy users, either with a background in software engineering, fintech or gaming.
Our view is that blockchains, and secure computers, need operating systems. If I want to write some text on a computer, I'm not going to carefully craft instructions that will be sent to my CPU to read my keystrokes and store them on my hard-disk. Instead an abstraction layer exists between me, the user and the application. Similarly, the way we interact with blockchains today is very low level. We make transactions to call smart contracts and move tokens. This is kind of like typing an executable file name in DOS and then manually naming a document to save it to the A:\ drive (hello vim users).
Atato's goal is to make it easier to interact with blockchains. We let you use secure computers, give them inputs, receive outputs. Our products sits between the decentralized applications and the user. Already, we introduce several innovations to make this easier. One of them is that our custody solution lets you create wallets without dealing with private keys or seed phrases.
Atato custody is a modern digital assets custody platform where businesses can securely store and manage their cryptocurrencies using a web application, mobile application and APIs. We want to help businesses save time and money by creating a simple but yet powerful service for them to make deposits, withdrawals and use dApps.
Using multi-party computation, we abstract the concept of private keys, and enable new wallet recovery scenarios. This allows businesses such as digital asset service providers, exchanges, brokers, and other financial institutions to onboard a large number of users, securely and at a low cost. Small businesses also use our solution to secure their crypto holdings.
We interact with blockchains today by making transactions, and our goal is to provide a simple, yet secure interface to use secure computers. Signing a transaction does not have to be a complex operation, and should be as easy making a call. As the vast majority of decentralized applications today are based on tokens like ERC20 and ERC721, these are the key features of our custody solution today. As the types of decentralized applications continues to evolve, our goal is to ensure that businesses have a secure access to them.
One might wonder how digital assets custody relates to using secure computers. Our view is that one's blockchain identity (his public/private keys) is equivalent to the 'user' of traditional computers. While we interact with a computer using a keyboard, mouse and display to send instructions, receive results, and interact with applications, we sign blockchain transactions to run dApps on blockchains.
In that sense, a custodian, or a wallet, operates a new type of user interface, or operating system with which one can use secure computers. This is what we are building at atato. Going back to the layered model of secure computation, our area of focus is on the layers 8 (Interaction) and 9 (Utility), and we aim to provide a solution which allows everyone to make an effective, interactive use of the amazing properties enabled by the technologies powered the underlying layers. We want to enable a future with millions of zero-knowledge proof powered blockchains, and trillions of tokens.
If that sounds exciting to you, get in touch, we're going to need amazing people like you to make this vision a reality!
Last modified 1yr ago