ChainCatcher news, according to Coindesk, the cryptocurrency custody platform Zenrock (formerly Qredo) has launched an innovative decentralized custody solution aimed at alleviating user concerns about DeFi security and accelerating industry development. Zenrock utilizes decentralized multi-party computation (MPC) wallet technology to eliminate single points of failure by splitting and distributing private keys among multiple parties.The Zenrock platform is currently in the testnet phase and is expected to officially launch within the year. On August 19, Zenrock introduced the decentralized wrapped Bitcoin token zenBTC, further expanding its product line.It is reported that the project has the support of 10T Holdings, 1RoundTable Partners, Spartan Group, and Maven 11. Tapiero emphasized that Zenrock is the first project to apply traditional private equity practices to the digital asset space, and more traditional financial institutions are expected to follow this model in the future.