Eastern Point Trust Company (EPTC), a leading US fiduciary administrator that has managed billions in escrow and settlement trusts for landmark cases like the BP Oil Spill, Volkswagen Dieselgate, and Purdue Pharma, has selected Dfns as its main blockchain partner. The move signals a significant integration of crypto-native technology into the traditional financial system.

EPTC will utilize the Dfns wallet-as-a-service platform to manage its operations, bringing institutional-grade digital asset infrastructure to its highly regulated and sensitive fiduciary services. This partnership highlights a broader trend of established financial players adopting specialized crypto infrastructure for core functions rather than building in-house solutions.

The announcement follows Dfns’ completion of a full-scope, month-long black-box penetration test conducted by Borg Security. Borg is a cybersecurity firm known for auditing advanced cryptocurrency and authentication systems, adding a layer of security assurance to the Dfns platform.

This selection by a firm trusted with multi-billion dollar settlement funds demonstrates growing confidence in the security and scalability of specialized Wallet-as-a-Service providers for mission-critical financial applications.

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https://www.dfns.co/article/announcing-eastern-point-trust