Riegel - Institutional MPC Custody Platform with Quorum Approvals and Client Policies

Dashboard, transactions with a quick view panel, transaction detail, approvals inbox and policies, plus a New withdrawal panel with a live policy preview. Every one of the 25 demo transactions opens its own detail page.

From 1 of Treasury for internal transfers to 3 of Treasury and 2 of Risk with a 24-hour time lock above EUR 1m, with velocity limits per vault. One-time addresses and anything else are blocked, and the initiator never counts as an approver.

Created, policy evaluated, travel rule, screening, approvals, time lock, signing, broadcast, confirmations and completed, each with the time, who or what completed it, and the reason when a transaction stopped there.

6 vaults across hot, warm and cold tiers, 14 wallets on 5 assets, 10 client users in 3 approver groups, 6 policy versions and 3 policy, whitelist and user requests awaiting an admin quorum.

Client Rules Nobody Could Set

Asset managers, banks and funds want rules such as "anything over EUR 500,000 needs our CFO". The old process had one fixed path for everyone, with approvals collected by email and phone and no record of who had decided what.

Travel Rule and Screening on Every Transfer

Since 30 December 2024 the Transfer of Funds Regulation requires originator and beneficiary data on every transfer between CASPs, with no minimum, and proof of wallet ownership for self-hosted wallets above EUR 1,000. The GwG adds due diligence and on-chain screening of sources and destinations.

Keys That Never Exist in One Place

Each wallet is controlled by MPC key shares across a cloud enclave, an HSM in Hochwarth's data centre and offline cold storage. Cold vaults need an in-person signing ceremony, so a client has to see why a transaction is waiting and when it will settle.

Two Licensing Regimes and Daily Evidence

Hochwarth moves from a KWG licence to MiCA authorisation, which asks for a register of positions per client, segregated holdings and regular statements. Insolvency protection depends on the ledger showing whose assets are whose, so reconciliation becomes a daily control.