Files
zeekay f4ee7a0525 Publish under the org, not a person
Bylines, paper authorship, correspondence addresses and the founder blurb under
each post named an individual. They name the organisation that published the
work instead: the brand on posts and pages, the research byline on papers, and
research@ in place of a personal address. Both are what these repositories
already used elsewhere — nothing new was coined.

Co-authors are untouched. Where a paper named someone else alongside, they stay
named; only the one byline changed. Bibliography entries, running heads,
PDF metadata and affiliations move with it, so a citation still resolves to
whoever the cited paper names.

Sample and fixture data uses the placeholder name these tests already use
elsewhere, so no assertion changed meaning.
2026-09-01 08:58:10 -07:00

77 lines
2.7 KiB
TeX

\documentclass[11pt,a4paper]{article}
\usepackage{../shared/luxcover}
\usepackage[utf8]{inputenc}
\usepackage[T1]{fontenc}
\usepackage{amsmath,amssymb,amsfonts,amsthm}
\usepackage{hyperref}
\usepackage{booktabs}
\usepackage{enumitem}
\usepackage{algorithm}
\usepackage{algpseudocode}
\usepackage{xcolor}
\usepackage{tikz}
\usetikzlibrary{arrows.meta,positioning,shapes.geometric,fit}
\hypersetup{colorlinks=true,linkcolor=black,citecolor=blue,urlcolor=blue}
\newtheorem{theorem}{Theorem}[section]
\newtheorem{lemma}[theorem]{Lemma}
\newtheorem{corollary}[theorem]{Corollary}
\newtheorem{proposition}[theorem]{Proposition}
\newtheorem{definition}{Definition}[section]
\newtheorem{remark}{Remark}[section]
\title{Non-Custodial Securities Custody\\via Threshold Signing}
\author{
Lux Research\thanks{Corresponding author: [email protected]}\\
\textit{Lux Industries, Inc.}\\
\texttt{[email protected]}
}
\date{2023}
\begin{document}
\luxcoverpage
\begin{abstract}
We present a non-custodial custody architecture for digital securities
in which no single party---not the exchange operator, not the user, not
any custodian---can unilaterally move assets. The construction uses
threshold signing with two complementary protocols: CGGMP21 (threshold
ECDSA over secp256k1) for EVM-compatible chains and FROST (threshold
Schnorr over Ed25519) for EdDSA chains. Each user's wallet is a
$2$-of-$3$ threshold address with shares distributed across the user's
device, the exchange operator (auto-co-signs after compliance checks),
and a cold backup. We prove three security properties:
(1)~\emph{non-custodial guarantee}---no single party can forge a
signature; (2)~\emph{liveness}---any two of three parties can sign,
so asset recovery is possible even if one party is lost;
(3)~\emph{key rotation safety}---shares can be refreshed
(reshared) without changing the on-chain address.
We describe the HSM attestation layer in which every signing share
is co-attested by a hardware security module, and prove that the
HSM attestation composes with the threshold protocol without
weakening the unforgeability guarantee. The construction is deployed
on a regulated EVM L1 using the
\texttt{luxfi/mpc} and \texttt{luxfi/threshold} libraries.
\end{abstract}
\tableofcontents
\newpage
%% =====================================================================
\input{sections/01-introduction}
\input{sections/02-threshold-signing-protocols}
\input{sections/03-2-of-3-wallet-architecture}
\input{sections/04-hsm-attestation}
\input{sections/05-key-rotation}
\input{sections/06-settlement-flow}
\input{sections/07-integration-with-evm-precompiles}
\input{sections/08-formal-verification}
\input{sections/99-conclusion}
\end{document}