Digital asset custody solution provider Cobo has announced the launch of Cobo MPC Lite, a self-custody solution for enterprise-level MPC (multi-party computation) with the aim of making self-custody solutions more accessible and cost-effective.

Cobo MPC Lite uses MPC technology and generates multiple private key shards separately through MPC-TSS technology. All parties can jointly sign transactions without exposing their private key shards to each other at any time or forming a complete private key at any endpoint. This ensures that private keys are never stored on any device, protecting user assets from security attacks and human errors. Cobo MPC Lite uses a usage-based pricing model, starting at $99 per month.