NMT Completes Security Audit on Non-Custodial Account Infrastructure
New Market Trading (NMT) has completed an independent security audit of its non-custodial account infrastructure, conducted by Consensys Diligence. The audit covered NMT's use of Safe's implementation of the ERC-4337 standard, which secures more than $100 billion in crypto assets industry-wide.
The company's approach to security is built on client control, where clients hold the keys to their own assets and NMT has permission to execute investment strategies inside those accounts. This structure is designed to protect clients from potential mistakes or unauthorized transactions.
New Market Trading's founder and CEO, Frank Hepworth, emphasized the importance of independent verification in a statement: 'We use non-custodial technology to connect investors to the onchain economy in a way legacy institutions cannot. Our clients always maintain full control of their own funds, while still benefiting from the professional management and investment strategies of our team.'
The company also uses AI-driven monitoring on client accounts to catch potential mistakes or suspicious transactions before they execute.