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Open Custody Protocol news
About Open Custody Protocol
What is Open Custody Protocol? *Former QRDO*
OCP introduces an innovative relayer mechanism that seamlessly connects applications to a modular permissionless custody protocol. OCP operates a protocol that acts akin to a mesh network, enabling an end-user to leverage a diverse set of key management protocols. We call this “Keychain Aggregation”. Building a protocol that solves for Keychain Aggregation not only simplifies the way developers can build, abstracting risk and complexity, but it also harmonizes and aggregates the economics associated with having multiple bilateral commercial relationships.
With OCP, we have a new custody primitive that embraces (1) modularity, in connecting key management solutions, and (2) decentralisation, in the way users can access key generation and transaction signing services. We are particularly excited to pioneer this, witnessing existing security and custody solutions struggle to adapt to the ongoing proliferation of chains. Additionally, with the impending tokenization of Real World Assets (RWAs) - potentially mobilizing over trillions of dollars into the blockchain ecosystem - the demand for versatile and modular solutions is clear and present.
The live Open Custody Protocol price today is $0.011244 USD with a 24-hour trading volume of $1,107,430 USD. We update our OPEN to USD price in real-time. Open Custody Protocol is up 26.42% in the last 24 hours. The current CoinMarketCap ranking is #1072, with a live market cap of $9,281,003 USD. It has a circulating supply of 825,428,296 OPEN coins and the max. supply is not available.
If you would like to know where to buy Open Custody Protocol at the current rate, the top cryptocurrency exchanges for trading in Open Custody Protocol stock are currently DigiFinex, Bitget, Gate.io, MEXC, and HTX. You can find others listed on our crypto exchanges page.