#69: MPC wallets for digital assets operations with Bentzi Rabi from Utila

In its early days, businesses used crypto mainly for trading.

However, more use cases have emerged in recent times.

Making payments with crypto as we all know is lightning fast, but businesses utilizing self-custodial wallets need a full-fledged infrastructure with advanced customization.

For example, managing user permissions and roles, creating approval workflows, and having quick integrations with exchanges or DeFi apps.

The war for enterprise wallets is raging, and teams have to decide whether to opt for a fully decentralized multisig solution or rather a centralized MPC wallet infrastructure.

To help us understand how companies can use crypto for operations and manage their treasury, I spoke with Bentzi Rabi, the CEO and founder of Utila, an enterprise-grade solution for digital assets.

Topics covered;

• Episode intro (0:41)
• Challenges of web3 teams for operations (1:23)
• Multisig v/s MPC wallets (3:41)
• Why would a Gnosis Safe user switch to an MPC wallet (7:36)
• Thanks to our sponsor Cryptoworth (11:07)
• Onboarding with Utila (13:09)
• Receiving payments use case (17:39)
• DeFi & CEX connections (20:55)
• On-ramping & off-ramping (21:59)
• Integrations available (24:00)
• How Utila compares with Fireblocks (25:57)
• What companies should use Utila (29:50)
• Challenges for mainstream adoption (32:47)
• Bentzi’s favourite maxim (34:42)

Follow The Accountant Quits:

LinkedIN: linkedin.com/company/the-accountant-quits

Twitter: twitter.com/accountantquits

Follow Bentzi Rabi:

LinkedIN: https://www.linkedin.com/in/bentzi-rabi/

Twitter: https://x.com/bentzzi

Review

If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes.

Website

For show notes and past guests, please visit theaccountantquits.com/podcast/