"Use of MPC (beyond crypto or even within crypto) is to use MPC for process management," MPCH Labs CEO Miles Parry told Cointelegraph in a written statement. "The policy engine for MPC6 can be used for any purpose where it makes sense to cryptographically bind multi-faceted and multilayered approval processes."

“Fraction was never about building a better MPC wallet," said MPCH co-founder Cat Le-Huy in the press release. "Fraction was about driving crypto to succeed and enabling wider-adoption outside of the crypto-native world ... By providing resilient, secure, and extensible infrastructure around multipermissioned MPC wallets, we believe that we can play a part in unleashing the full potential of crypto.”

“Now we’re launching and developing functions, products and features for our clients,” he said. “We want to make it affordable for the small startup — giving them the same tools as big institutions.”

“There’s no doubt in my mind that in five years more institutions will hold more tokens,” said Adam Winnick, founding partner of Medici Network and Finality Capital Partners, in the release. “Fraction has the best MPC-technology solution to help make that happen.”