The Qredo Network introduces a novel decentralized and trustless multi-party computation (MPC) custodial framework. This allows Qredo to provide decentralized custody solutions, facilitate native cross-chain exchanges, and enable access to liquidity across various platforms.
Qredo has undergone a series of significant transformations, culminating in its merger with Levva Protocol. In 2024, Qredo rebranded its native token from QRDO to OPEN, aligning with its mission to provide open, custody-agnostic infrastructure for digital asset management. This rebranding was part of a broader strategy to enhance interoperability and security in digital asset custody. On March 7, 2025, Open Custody Protocol (OPEN) merged with Levva Protocol to form The Yield Alliance, a new ecosystem aimed at integrating secure key management with AI-powered yield optimization.
