Spatium, a developer of Wallet-as-a-Service products for neobanks and exchanges, launches its own solution designed to enable DeFi on Bitcoin.

The Multi-party Computation (MPC) chain, built by Spatium, empowers non-custodial wallet, cross-chain P2P, staking and lending on top of Bitcoin blockchain. The wallet will be available on iOS and Android platforms in February with other features coming later this year. Spatium was the first to apply MPC to non-custodial wallets in 2017 and since then has been simplifying Web3 experience without compromising the security.

“Our journey began with a commitment to simplicity and security in 2017, and today, we are thrilled to introduce our own vision of Bitcoin DeFi powered by MPC,” announced Vasili Paulau, CEO at Spatium.

The wallet combines functionality and simplicity, making cryptocurrency accessible to a broader audience. Seed phrase is replaced with social logins and cloud backup. It brings the support of BRC-20 token standard and ordinals to all enthusiasts. Future plans include feeless transactions, MPC-powered staking and lending.