Sodot, a crypto key management company specializing in self-hosted MPC and TEE products, has rolled out the Exchange API Vault, an enterprise-grade key management solution designed to integrate with CEX trading infrastructure and secure billions of dollars in digital assets. The system focuses on securely managing API keys used in crypto and enabling low-latency trading and automated liquidity operations. The company’s comprehensive solution enables asset managers and market makers to orchestrate their crypto keys at the scale needed to support high-volume and low-latency trading.
Its rollout comes amid rising off-chain attacks that have led to on-chain losses, including the Bybit breach and other incidents such as Swissborg and Dimo. Bybit’s hack saw attackers from North Korea steal about 400,000 ETH, worth roughly $1.46 billion at the time. Attackers have exploited key weaknesses in the industry, including fragmentation, which underscores the risks of a fragmented market.
To address these challenges, Sodot applies enterprise-grade security practices to secure private keys while tailoring them for seamless, low-latency trading and automated liquidity operations. The Exchange API Vault includes runtime remediation as a kill switch to shut out hackers if keys are compromised and provides real-time auditability. Several crypto platforms – Flow Traders, eToro, Exodus, Flowdeesk, and Raise – are already using the Vault.
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