SINGAPORE — May 8, 2026 — Embed Financial Group Holdings (“EFGH”), a premier provider of next-generation financial infrastructure, today announced a strategic partnership with Safeheron, a pioneer in institutional-grade digital asset custody solutions. This collaboration will integrate Safeheron’s advanced MPC-TEE-HSM architecture into EFGH’s sovereign chain projects, establishing an uncompromised standard for security and key sovereignty, beginning with the Vietnam Layer One (VNL1) network.
As nations and institutions transition toward decentralized financial systems under the "Finternet" framework, the requirements for data localization and cryptographic control have become paramount. For national-scale infrastructure like VNL1, standard SaaS custody models—where a vendor retains a key shard—are often insufficient. Sovereign networks require absolute, uncompromising control over their own cryptographic material.
Through this partnership, EFGH will leverage Safeheron’s On-Premise Full Platform. This deployment model ensures that all key shards are held exclusively by the deploying institution, with Safeheron holding zero shards. This guarantees that critical data never leaves the bank-controlled or sovereign infrastructure.
"When we build sovereign Finternets, true autonomy means holding your own keys at the foundational layer," said Chia Hock Lai, Asia CEO at EFGH. "Safeheron’s architecture allows us to deploy VNL1 with absolute key sovereignty. What’s truly exciting is that we are seeing rapidly increasing demand for exactly this type of highly customized, sovereign infrastructure in jurisdictions far beyond Vietnam. Governments and regulated institutions across the region want the benefits of the Finternet without compromising their autonomy or regulatory compliance."
The integration of Safeheron into VNL1 brings a suite of advanced, bank-grade security features natively to the network. This includes:
- A TEE-enforced Policy Engine that ensures policy enforcement inside a tamper-resistant environment.
- WYSIWYS (What You See Is What You Sign) tamper-proof transaction verification, which prevents UI-layer MITM attacks.
- An architecture that directly satisfies stringent third-party risk management (TPRM) on-premise requirements set by major regulators like MAS and HKMA.
"We are proud to partner with EFGH to secure the next generation of sovereign financial infrastructure," said Jag Foo, Chief Security & Policy Officer at Safeheron. "By combining EFGH’s visionary Finternet approach with our complete on-premise MPC-TEE-HSM stack, we are providing institutions with the ultimate balance of security, flexibility, and absolute data sovereignty."
"For Vietnam to lead in sovereign digital infrastructure, we must forge the right alliances. Partnering with Safeheron means our foundations are built not just with ambition, but with the world's most trusted security architecture," added Nguyen Thanh Hai, CEO at DAP HHP High-Tech Center.
As EFGH continues to expand its footprint, this partnership ensures that all current and future sovereign chain deployments are backed by an independently verifiable cryptographic foundation featuring open-source MPC-ECDSA libraries, setting a new global benchmark for institutional trust.
About Embed Financial Group Holdings (EFGH)
Embed Financial Group Holdings Pte. Ltd. is a Singapore-headquartered digital financial infrastructure company building embedded payments, programmable protection, and sovereign digital systems across Asia and Africa. Operating under its "Finternet" strategy, EFGH works with governments, regulated financial institutions, and enterprise platforms to deploy infrastructure at national scale. EFGH has entered into a definitive business combination agreement with a U.S.-listed SPAC at a pro forma enterprise value of approximately USD 425 million, ahead of a proposed listing on a major U.S. exchange.
About Safeheron
Safeheron is a leading provider of institutional-grade digital asset custody solutions, having securely transferred over USD 250 billion for more than 250 institutional clients. Safeheron is one of the only providers globally offering a complete MPC+TEE+HSM integrated stack in production. Safeheron empowers banks and financial institutions with multiple deployment options—including fully on-premise solutions that ensure total data sovereignty and satisfy stringent regulatory requirements.
About Digital Asset Protection HHP High-Tech Center JSC (HHP)
Digital Asset Protection HHP High-Tech Center JSC is a Vietnam-based digital infrastructure company focused on the identification, validation, and standardisation of digital assets. A pioneer in the research and commercialisation of new asset classes on high-tech platforms, DAP HHP HighTech Center serves as a coordinating bridge between high-tech digital asset infrastructure and Vietnam's evolving digital economy. The company holds government relationships and regulatory authorisations required for national-scale digital infrastructure deployment in Vietnam.
Media Contact:
Eugene Leow
Embed Financial Group Holdings (EFGH)
Global Chief Communications
Email: eugene.leow@efgh.xyz
Website: www.efgh.xyz
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