From CryptoMarketsWiki
Jump to: navigation, search
Arwen secure.jpg
Founded 2017
Headquarters Boston, Massachusetts
Key People Sharon Goldberg, CEO and Co-Founder; Ethan Heilman, CTO and Co-Founder; David Fragale, Chief Operating Officer
Products Technology that allows maintaining custody while trading at a cryptocurrency exchange.
Twitter @arwensecure
LinkedIn Profile
Blog Arwen blog

Having attracted $1.5 million in late 2017 in venture capital funding, Sharon Goldberg and Ethan Heilman, both formerly of bitcoin payment hub TumbleBit, formed Commonwealth Crypto.[1] The company developed a protocol that would allow traders on cryptocurrency exchanges to keep control of their coins by maintaining their own wallets.[2]

In January 2019, Commonwealth Crypto changed its brand name to Arwen (and "Arwen Secure" on Twitter and LinkedIn).[3] (Arwen is the name of a half-elven female character in J.R.R. Tolkien's Lord of the Rings.)

Also in January, Arwen published a testnet user guide for what it calls its "non-custodial cryptocurrency-to-cryptocurrency trading platform."[4] On January 28, 2019, Arwen announced that it will launch the platform in cooperation with KuCoin, a Singapore-based cryptocurrency exchange. The testnet currently supports transactions made with bitcoin, Litecoin and bitcoin cash and is working on supporting zcash, ethereum and ERC-20 tokens.[5]

According to CTO Heilman, Arwen does not support margin trading and the current protocol requires full collateralization of trades.[6]