MPC Wallet Management on Cobo Custody Web

Cobo Custody supports co-management of an account by members under the same organization. A member who has been granted the “admin” role can manage the TSS Node, MPC wallet, and assign roles to other members. The “spender” can initiate transactions on Cobo Custody Web. The “approver” can approve or reject a transaction that has triggered the risk control policy. The “operator” can only manage a Web3 wallet.

Create MPC Wallet

Once the TSS Node has been successfully configured, the admin can click on “Co-Managed Wallet” on the left-side navigation bar to create one or multiple MPC wallets. Currently, two types of MPC wallet are supported: send/receive wallet, and Web3 wallet.

The send/receive wallet is primarily used to send and receive coins. It supports multiple chains and coins such as BTC, ETH, and TRON. The Web3 wallet is primarily used to interact with dApps and manage NFTs. It supports EMV-compatible chains and tokens.

The admin can assign different members as the spender, withdrawer, etc. for each type of MPC wallet. Once the wallet has been successfully created, the admin can also configure an independent risk control policy and API key for each wallet in order to use Cobo MPC Co-Managed Custody via APIs.

For more information on how to use each type of MPC wallet (i.e. send/receive wallet, Web3 wallet), please refer to the Web User Guide.