‘DeFi Firewall’ Focuses Attention on Pampering Institutional Traders

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In Brief
  • Custody provider Trustology has announced a new service that allows institutional users to move assets across DeFi protocols using smart contracts.

  • Previously, it was expensive and difficult for institutional investors to manage large numbers of transactions using self-custody.

  • The new solution proxies transactions through its system’s rules engine and double checks for the right keys before signing transactions.

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Custody provider Trustology has announced the launch of a new firewall that permits institutional DeFi market participants to use smart contracts across protocols without any increase in latency or loss of ease and security.

In an announcement posted on its website, Trustology claimed that the service is the first of its kind in the world, providing wallet-level security and custodial services with the institutional user in mind, without compromising on speed or scalability.

Trustology’s DeFi Play

According to the announcement, the service was designed specifically with the needs of institutions wanting to dip their toes into DeFi investments. Trustology says that it has factored in the increased need for regulatory compliance, scalability, and foolproof security in the post-2018 DeFi world.

Whereas self-custody and securing the large number of assets involved in the multiple transactions of an institutional user would be unrealistically expensive and cumbersome, Trustology says that this service solves all these problems in a frictionless and user-friendly way.

How It Works

According to Trustology, institutional users are enabled to safely and quickly move assets across DeFi protocols using a security framework that is fully trustless. The TrustVault solution sends a proxy of every transaction through the system’s rules engine and signs transactions with custody keys which are in turn verified by the network.

Verification happens quickly and automatically, provided all controls are satisfied including protocol smart contract address, contract method, and method parameters. Shedding more light on its inner workings, Trustology CEO Alex Batlin said:

“As the DeFi firewall is built on top of the TrustVault platform, it inherits all of the platform’s infrastructure benefits such as its HSM encased proprietary resigning firmware, combined with insurance and advanced multisig and allowlist safeguards.” notes Alex Batlin, CEO and founder of Trustology.”

Trustology boasts that the platform’s scalability, speed, and resilience are guaranteed by an advanced hardware and cloud-based security infrastructure with near-instantaneous processing.


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David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership Program (IVLP). He tweets at @DavidHundeyin

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