The Swiss company The Vault, which specializes in digital asset custody, is expanding its presence in Georgia. An engineering center, Tría Labs, is being set up in Tbilisi to develop crypto-asset protection technologies for banks, investment organizations, and the fintech sector. The new team will become part of the company’s international structure and will collaborate with divisions in Zug, Switzerland, and Limassol, Cyprus. Preparations for the launch of the center are ongoing, and the first employees are expected to begin work in the coming months.

One of the key focus areas will be the development of multi-party computation (MPC) technology. It allows transactions with digital assets to be performed without storing the entire cryptographic key in a single location, which helps reduce the risk of compromise. In addition, specialists will develop software solutions for financial institutions operating with both on-premises IT infrastructure and cloud services. Such tools are targeted at institutional clients that require secure asset management and reliable key storage mechanisms.

The Vault attributes the decision to open the center in Tbilisi to the growth of the local technology industry and the availability of qualified talent. According to a 2025 Chainalysis study, Georgia ranked third in the world in the population-adjusted cryptocurrency adoption index, behind Ukraine and Moldova. This metric reflects cryptocurrency market activity rather than the percentage of citizens who own digital assets. The Vault provides crypto-asset infrastructure and custody services to institutional clients, while the group’s regulated financial services are delivered through entities in Switzerland and Cyprus.