June 27, 2025: Okto, the decentralized wallet platform with over 17 million users and $1 billion in monthly transaction volume, today announced a strategic partnership with Silence Laboratories, a leading cryptography, privacy enhancing technology (PET) and multi-party computation (MPC) research firm. Okto users will now own self-custody wallets with enterprise-grade security, optimized for a mobile-first, cross-chain world. This partnership further strengthens Okto Wallet security. The key security will be provided via Decentralized Wallet Network (DWN) that combines high-performance MPC with Ethereum-backed security.
Rohit Jain, Head of Okto, said: “With our partnership with Silence Laboratories, we’re taking wallet security to the next level. Users can now benefit from multiple layers of protection—including globally distributed MPC nodes, strict multi-signature controls, and economic security potentially powered by restaking networks. This means no single entity can compromise your funds, giving our users true peace of mind.”
Okto currently supports over 17 million wallets with $1 billion in monthly volume, integrations across 50+ protocols, and zero centralized custody risks.
The Decentralized Wallet Network (DWN) offers the scale, performance, and true decentralization required for the future of self-custody wallets. Key features include:
● 3 Independent MPC Nodes distributed globally—no single point of failure
● 2-of-3 Threshold Signing to prevent unilateral control
● Economic Security using restaking networks—nodes stake real value and
are slashed for malicious behavior
● ~10x Faster Signing powered by SilenceLabs’ DKLS23 protocol library
● Hardware-Level Protection using Trusted Execution Environments
Dr. Jay Prakash, CEO of Silence Laboratories, added: “As crypto investors are maturing globally and opting for decentralized platform, security becomes key to safeguard their funds. To enable that, we have combined our highly performant MPC-TSS libraries with provable security from restaking networks. Okto is the ideal partner to take this vision to millions. Together, we’ve built a wallet infrastructure that is not only fast and seamless, but truly secure and decentralized by design.”
The digital wallet market is projected to reach $153.88 billion by 2033, Security will be the deciding factor in how users choose and stick with wallets.With this new infrastructure, Okto users are not just onboarded, they’re empowered. Whether swapping across chains, accessing unified liquidity, or executing complex intents with a single tap, Okto delivers a premium, seamless experience without ever compromising on decentralization or control. The Decentralized Wallet Network ensures every action is backed by transparency and ownership.