What does non-custodial mean?
Non-custodial means that Fiber does not take ownership or custody of user funds. In a custodial system, a company holds assets on behalf of users. The user has an account balance, but the custodian ultimately controls the wallet, private keys, withdrawals, and asset movement. In a non-custodial system, the user remains in control of their assets. Funds are held through wallet infrastructure where the user, not Fiber, has authority over their money. This is one of the core ideas behind crypto: users should be able to own and access their assets directly, without relying on a bank, exchange, or centralized platform to hold funds for them.Fiber simplifies self-custody
Fiber uses enclave-based wallet infrastructure to make wallet creation, access, and recovery feel more like a modern app experience. Instead of requiring users to manually manage a seed phrase from day one, Fiber can attach wallet access to familiar login methods such as phone or email. This allows users to access their wallet more easily while remaining non-custodial. The goal is simple: make self-custody feel as intuitive as using a normal financial app, without turning Fiber into a custodian.How it works
At a high level:- A user signs up using a phone number or email.
- A wallet is created through Fiber’s underlying enclave-based wallet infrastructure.
- The user can access and manage their assets inside the Fiber app.
- Fiber does not custody user funds.
- Fiber cannot freeze, move, or take control of user funds.
- Transactions require user authorization.