Raise, a leader in the global gift market and pioneer in blockchain-powered payments and loyalty, has selected Sodot to fortify key security across its product ecosystem.
For over a decade, Raise has been transforming digital payments and brand engagement, facilitating over $10 billion in transactions, and is a pioneer in bringing gift cards and loyalty programs on-chain.
By integrating Sodot’s self-hosted MPC infrastructure across multiple blockchain-powered products, Raise can enforce enterprise-grade protection at the key level while retaining full ownership of its infrastructure. The approach eliminates reliance on third-party custody providers and vendor-controlled systems, allowing Raise to govern key usage directly, through policies, workflows and security controls.
"The collaboration with Sodot is another step in our commitment to realizing our vision of fully bringing gift cards and loyalty programs on-chain. Sodot’s MPC is a part of the technological maturity needed for creating a secure, fully reconfigured, on-chain gift card industry.”
— George Bousis, CEO of Raise
With Sodot, Raise gains the strategic benefits of MPC - distributed signing, policy-driven key usage, and resilience against single points of compromise - while preserving the flexibility to customize deployments to its specific operational and compliance needs.
"Raise is an industry leader and a true pioneer in bringing gift cards and loyalty programs on-chain. We are proud to support them in their mission to disrupt a 2T USD industry and provide value to millions of users.”
— Ido Sofer, CEO of Sodot
About Raise
Raise, a renowned pioneer in the gift card industry, has been at the forefront of innovation since its inception in 2013. The company has facilitated over $10 billion in transactions through its Raise consumer app, exchange (GCX), and B2B (Raise for Business) operations. With millions of stores and brand partnerships, Raise offers activation and real-time redemption capabilities across a network of over one million stores, websites, and applications. For more information, please visit https://www.raise.com/
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