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- IOTA integrates with zCloak.Money for fully on-chain enterprise wallet control.
- Biometric passkeys and multisig wallets improve security and manageability.
- The partnership supports IOTA’s global trade ecosystem and digital asset transparency.
IOTA has partnered with zCloak.Money to bring enhanced digital ownership and organizational control to enterprises. The integration introduces IOTA into zCloak.Money’s fully on-chain passkey wallet, designed for companies seeking secure asset management, reliable access controls, and full transparency without relying on third-party services.
Enterprise multisig wallets and biometric security
A key feature of the collaboration is the enterprise multisig wallet. This system supports weighted approvals, customizable permissions, and spending limits, allowing teams to assign authority while retaining full ownership of assets. In addition, the platform replaces traditional seed phrases with a biometric passkey login, reducing risks tied to lost or mishandled recovery phrases. These innovations make managing shared digital assets safer and more efficient for organizations of all sizes.
IOTA’s global trade ambitions
The partnership aligns with IOTA’s broader goal of creating the world’s largest decentralized network for international trade. Initiatives like the Trade Worldwide Information Network (TWIN) and Trade and Logistics Information Pipeline (TLIP) facilitate secure, transparent, and efficient exchange of trade data. Other projects, such as the Salus Platform and TradeFlow Capital, connect tokenized trade assets to real-world investment, supporting supply chains for critical minerals across Africa and beyond. Verifiable digital identities, powered by GLEIF’s vLEI technology, ensure trusted, on-chain validation of businesses and transactions without paperwork or intermediaries.
Also Read: IOTA Integrates vUSD Stablecoin — Paving the Way for Real-World Blockchain Adoption
Market snapshot
Despite this progress, IOTA’s native token has seen a recent dip, trading at $0.130 after an 8% decline in 24 hours, reflecting broader bearish trends in crypto markets.
The IOTA–zCloak.Money partnership represents a major step forward in enterprise-grade wallet security. By combining biometric passkeys, multisig functionality, and full on-chain transparency, organizations can safeguard digital assets while aligning with IOTA’s vision for a decentralized, efficient global trade ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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