Industries Exchanges

Crypto infrastructure for exchanges

One custody breach ends the business. One settlement bottleneck during a flash crash destroys user trust. The solution includes the wallet architecture, settlement engine, and proof of reserves layer that keeps your exchange operational when it matters most.

Why exchange operators choose us

Custody, settlement, and operational resilience at exchange scale.

Settlement and custody architecture

Custody is existential. A single compromised signing key can drain an entire platform in minutes. Most exchanges know they need segregated hot, warm, and cold wallet tiers, but the real engineering challenge is automating fund flows between those tiers while enforcing signing policies, rate limits, and anomaly detection. Traditional multisig adds operational friction. A key holder on vacation or a lost hardware device can stall withdrawals for hours. The gap between "we have a cold wallet" and "we have resilient custody" is where platforms get breached.

The solution includes layered custody architecture where MPC wallets replace rigid multisig for operational flexibility without sacrificing security. Hot wallets hold only what is needed for the next withdrawal cycle. Warm wallets replenish automatically via policy driven transfers with configurable velocity limits. Cold storage requires threshold MPC authorization with key shares distributed across geographic locations. Every fund movement is logged on chain, enforced by smart contract logic, and visible to your compliance team in real time.

Operational reliability under market stress

Flash crashes and liquidation cascades are when your infrastructure actually gets tested. A 20% market drop triggers a flood of deposits from arbitrageurs, margin calls from leveraged traders, and a spike in withdrawal requests from panicked users, all hitting your settlement layer simultaneously. If your engine cannot keep pace with your matching engine's throughput, users see stalled withdrawals, stale balances, and a support queue that takes days to clear. One outage during a volatile session can permanently shift volume to competitors.

The solution includes settlement engines designed to match your order book's peak throughput without becoming a bottleneck. Deposits and withdrawals process in parallel across dedicated pipelines. On chain transactions batch dynamically based on gas conditions and queue depth. Internal ledger reconciliation runs continuously against on chain state, catching discrepancies before they compound. The system sheds non critical load gracefully under stress rather than failing across the board. Your operations team monitors withdrawal queue depth, settlement latency, and reconciliation status through real time dashboards with automated escalation alerts.

Multi asset and multi chain support

Every new chain you support adds a unique combination of confirmation times, fee models, address formats, and signing schemes. Bitcoin uses UTXO. Ethereum uses account nonces. Solana requires rent exemption logic. Each integration is a separate engineering effort with its own edge cases, and the operational burden compounds with every listing. Most exchanges end up with a fragile patchwork of chain specific code that is expensive to maintain, slow to extend, and a constant source of deposit crediting bugs.

The system provides a unified asset pipeline that abstracts chain specific logic behind a consistent interface. Deposit detection, confirmation tracking, fee estimation, and withdrawal signing all flow through the same service layer regardless of whether the underlying asset lives on an EVM chain, Solana, Bitcoin, or Cosmos. Adding a new chain or token becomes a configuration change, not a multi sprint engineering project. Your listing team can onboard new assets without needing blockchain engineers in the loop for every deployment.

A spot exchange processing 50,000+ daily withdrawals across 12 chains needed to replace centralized hot wallets with layered custody.

The operator runs a spot exchange supporting 200+ trading pairs across 12 networks. All user funds sit in a handful of hot wallets controlled by three key holders using legacy multisig. Peak withdrawal volume during market stress has caused 4+ hour payout delays in the past quarter. Users are demanding proof of reserves after recent industry collapses. The operator needs to migrate to a segregated custody model with automated rebalancing and verifiable reserves without any interruption to trading or withdrawal processing.

The architecture includes a three tier custody system with MPC wallets replacing the legacy multisig setup. Hot wallets hold a rolling 4 hour withdrawal buffer per asset, sized dynamically based on trailing volume. Warm wallets replenish hot wallets programmatically when reserves drop below configured thresholds, with velocity limits preventing rapid drainage. Cold storage requires threshold MPC authorization with key shares distributed across three geographic locations. The settlement engine processes deposits and withdrawals through a unified pipeline that batches on chain transactions based on real time gas optimization. A Merkle tree based proof of reserves system publishes cryptographic attestations on a configurable schedule, letting users verify their individual balances are fully backed without exposing other accounts. Migration happens incrementally per asset, with both systems running in parallel until cutover.

Custody
MPC based, three tier
Migration
Incremental, zero downtime
Reserves
Merkle tree attestation, user verifiable
Settlement
Unified pipeline across 12 chains
What we deliver

Concrete systems, not slide decks.

Hot, warm, and cold wallet architecture
MPC based wallet tiers with policy driven fund flows, velocity limits, and geographic key distribution that replaces rigid multisig with operational flexibility.
Settlement engine
Parallel deposit and withdrawal processing with continuous ledger reconciliation against on chain state, dynamic transaction batching, and throughput designed to match your matching engine's peak output.
Proof of reserves
Merkle tree based attestation on a configurable publication schedule that lets each user cryptographically verify their balance is fully backed, because users now expect this, not request it.
Operational monitoring
Real time dashboards tracking withdrawal queue depth, settlement latency, wallet tier balances, and reconciliation status with automated escalation alerts that fire before users notice problems.
Multi asset onboarding
A unified pipeline across EVM chains, Solana, Bitcoin, and Cosmos that turns new chain and token listings into configuration changes instead of multi sprint engineering projects.
Withdrawal processing
Priority queue management with dynamic batching, real time gas optimization, and automatic retry logic that keeps payouts flowing even during network congestion spikes.

FAQs

We are running into withdrawal delays every time the market drops. Can you build a settlement system that keeps up during volatility spikes?
Yes. The settlement engine processes deposits and withdrawals through parallel pipelines with dynamic transaction batching, so it keeps pace with your matching engine even during peak stress. It is designed to degrade gracefully under load rather than stall across the board.
We want to move away from our current multisig setup because it creates operational bottlenecks. What do you recommend?
We typically replace rigid multisig with MPC-based custody that distributes key shares across locations. No single person needs to be physically present to approve transactions, which eliminates the bottleneck while maintaining the same or stronger security guarantees.
Every new chain or token listing takes our engineering team weeks. Can that be faster?
Yes. The architecture abstracts chain-specific logic behind a single interface, so adding a new chain or token becomes a configuration change rather than a multi-week engineering project. Your listing team can onboard new assets without pulling blockchain engineers into every deployment.
Our users are asking for proof of reserves after everything that has happened in the industry. Can you help us implement that?
Yes. We build proof-of-reserves systems where each user gets a cryptographic proof that their balance is included in the published total, without exposing anyone else's account. Attestations publish on a schedule you control, and users verify their own backing independently.

Tell us what you are building.

Every project starts with a conversation.