FinTech news in alex taub category

Unlike most popular multi-sig wallet products on the market today, Taub added, Vault DAO is specifically designed for individual users to secure their own assets rather than for groups that require multiple parties to sign off on a transaction. For example, a user could require three signatories to sign off on any transfer of assets from a specific wallet, and those three signatories could either all be accounts operated by the user or could include accounts delegated by the user to a trusted friend. The Vault DAO, Upstream’s solution, operates as a multi-signature wallet that can be configured to require sign-off from multiple discrete accounts to authorize a transaction on behalf of a user. It’s fundamentally similar to Gnosis Safe, a popular multi-sig wallet tailored toward organizations, but Taub says the Vault DAO is much more user-friendly from a design standpoint.