matrixport-successfully-integrates-near-protocol-&-nep-141-token-with-its-cactus-custody-institutional-offering

Matrixport Successfully Integrates NEAR Protocol & NEP-141 Token with its Cactus Custody Institutional Offering

 

Matrixport, one of the world’s largest and trusted digital assets financial services ecosystems, today announced that its institutional qualified custodian service, Cactus Custody, has integrated with NEAR Protocol, a rapidly growing Layer 1 blockchain ecosystem.

The partnership enables seamless support of the NEAR Protocol across all Matrixport services on Cactus Custody. This offers institutional clients an added layer of confidence in safeguarding their native NEP-141 NEAR token assets. Additionally, NEP-141 compatible projects can optimise DeFi operations to further catalyse growth via Cactus Custody’s robust DeFi connectivity solution.

Institutional-grade custody has become the cornerstone in building resilient, scalable and sustainable projects, as investors seek reliable and secure ways to manage their operational risks and store their digital assets.

Wendy Jiang, Head of Cactus Custody said, “We are delighted to collaborate with the NEAR Foundation to bring to life its vision of a blockchain operating system. The successful NEAR integration reflects our ongoing commitment to offer critical support services to projects and institutions. Such collaborations with industry-leading foundations enables us to develop and offer market relevant solutions to benefit institutions seeking to create value in a complex and evolving blockchain landscape.”

Marieke Flament, CEO of NEAR Foundation, said “Our goal at NEAR is to democratise access to Web3 and make it simple to use. Through the launch of the Blockchain Operating System and the integration of important platforms such as Cactus Custody’s institutional offering, we are on track to achieving our ambition to bring Web3 to different audiences –  including investors, and to do so in a secure and reliable way.”

Cactus Custody, with its advanced custody solution, has emerged as the leading custody services provider in the market by employing advanced HSM cryptography that eliminates the critical attack vector of private keys. With a focus on creating a developer and user-friendly platform, this partnership will enable NEAR to reach a broader audience and ultimately bring the ecosystem closer to achieving its goal of mass web3 adoption.

bit.com-and-the-open-network-establish-strategic-partnership-to-accelerate-the-expansion-of-the-ton-ecosystem

Bit.com and The Open Network Establish Strategic Partnership to Accelerate the Expansion of the TON Ecosystem

 

Bit.com, the leading high-performance crypto exchange, has announced an industry-first strategic partnership with TON (The Open Network) to develop, enhance and expand the TON ecosystem.

As part of the collaboration, TON’s native token custody will be supported by Cactus Custody™, the third-party institutional custody service provided by Matrixport, by the end of March 2022. The partnership will also explore the inclusion of TON’s native token in crypto-financial services offerings on Matrixport’s platform, as well as bit.com’s upcoming savings product.

“TON’s heritage and roadmap coupled with its performance has given us confidence in its immense potential. We expect our users to recognise its value and embrace it. Bit.com and Matrixport provide a wide range of innovative products, trading and asset management tools that will accelerate the growth of the TON ecosystem. We are delighted to work with TON and look forward to contributing to its community as we integrate TON into our various products,”  noted Toya Zhang, Chief Marketing Officer of bit.com.

“Matrixport is the first world’s leading CeFi platform to offer a variety of institutional-grade services that are vital to the TON ecosystem. Custody and escrow solutions and innovative asset management products provide great value for institutions and retails alike. We are excited about Matrixport and Bit.com’s support,” added Steve Yun, Founding Member of TON Foundation.

Bit.com listed TON in January 2022 and supports transactions using the TON native token on its platform. Matrixport also supports swaps of the TON native token to USDT or USDC. As a leading high-performance crypto exchange, Bit.com expects to establish similar partnerships with emerging high-quality projects in the near future.

matrixport’s-cactus-custody’s-(tm)-defi-connector-supports-multi-chain-capabilities-with-metamask-institutional

Matrixport’s Cactus Custody’s (TM) DeFi Connector Supports Multi-chain Capabilities with MetaMask Institutional

 

Cactus Custody™, a qualified institutional custodian solution powered by Matrixport, today announced that it is the world’s first MetaMask Institutional (MMI) integrated custodian able to support MMI’s multi-chain capabilities and all EVM compatible chains. This feature called “DeFi Connector” offered by Cactus Custody enables institutional clients seamless and secure connection with decentralised finance (DeFi) protocols via MMI.

The successful upgrade now enables multi-chain connectivity access across all Ethereum Virtual Machine (EVM) compatible chains, sidechains and Layer 2s, including but not limited to Ethereum, Binance Smart Chain, Polygon, Smart Bitcoin Cash, Avalanche, Fantom, Arbitrum, HECO, Harmony One and Celo, etc.

Cynthia Wu, Head of Sales and Business Development, Matrixport said: “We are excited to be at the forefront of innovation in serving the interest of our institutional clients. Our offering concurrently delivers the highest level of security and usability to institutions seeking to tap into the vast opportunities within DeFi. We are fully committed towards enabling multi-chain capabilities that provide even broader access to DeFi, whilst adhering to world-class standards of security and compliance.”

Johann Bornman, Product Lead for MMI added: “EVM chain support is one of the most important institutional needs. With our latest custodial account multichain feature, Cactus Custody not only supports multiple EVM chains, but also allows institutions to freely bridge digital assets across these networks. This is a profound DeFi offering for institutions.”

Cactus Custody™ aims to bring increased security, transparency, and efficiency to the market. DeFi Connector offers audit trails that align with regulatory compliance requirements, and allows all decentralized application (DApps) interactions and wallet transactions on MMI to be traceable in the custody system. DeFi Connector also implements enterprise-grade controls and role-based approval process during the interaction with DeFi, as well as secure smart contract addresses whose private keys are safeguarded in a Hardware Secure Module by a qualified custodian.

Cactus Custody™ is the third-party institutional custody service provided by Matrixport, one of the fastest growing crypto financial services platforms in Asia — with over USD10 billion in assets under custody for clients including miners, funds, projects and corporations.

asia’s-leading-crypto-financial-services-platform-matrixport-valued-at-over-$1-billion-—-two-years-after-its-founding

Asia’s Leading Crypto Financial Services Platform Matrixport Valued at Over $1 Billion — Two Years After its Founding

 

Matrixport, Asia’s fast growing digital assets financial services platform closed its Series C funding round with a valuation of over US$1 billion — just two years after its establishment. This round was led by partners of DST Global, C Ventures and K3 Ventures with other participants including Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital, along with earlier investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital. The Singapore-based start-up has raised $129 million to date.

Matrixport offers a full suite of cryptocurrency financial services including institutional custody, trading, lending, structured products and asset management to institutional and retail[1] clients. As of March 2021, the company held over $10 billion of client assets under management and custody, and recorded $5 billion in monthly transactions across all product lines.

“I always believe an open and permissionless blockchain ecosystem is the bedrock of a new financial network that will benefit a large part of the world’s population. As a result, there will be hundreds of trillions of value created, stored and transferred on this new financial network,” said Jihan Wu, Co-Founder & Chairman of Matrixport.

Since its inception in 2019, Matrixport’s mission is to be a one-stop financial services platform. Its exponential growth has been driven by robust technology capabilities and innovative product offerings, such as the world’s first crypto dual currency product. The company provides a comprehensive suite of offerings tailored across different risk appetites and yield expectations.

“We are more than a gateway to the crypto economy. Matrixport is where both institutional customers and individuals find it easy to get more from their crypto, beyond just trading. We are continually pushing out more new ways to invest crypto and earn yields in a safe and sustainable manner. We believe that it is very important to give the choice back to our customers with a range of innovative crypto investment products,” said John Ge, Co-Founder & Chief Executive Officer, Matrixport.

With this funding, Matrixport plans to further invest in research and development to enhance its innovative product offerings and security while optimising for an even greater user experience. The funds will also be used to support its global expansion as well as to secure licenses to operate in more jurisdictions. With the company’s vision to “Make Crypto Easy For Everyone”, the roll-out will allow more users globally to embrace its cryptocurrency financial services platform.

“As blockchain based digital assets gain wider adoption and acceptance, new pathways are needed to capture yield, source liquidity and manage crypto assets as an emerging asset class. With deep knowledge of traditional finance and a keen understanding of crypto assets, Matrixport is well positioned to answer the increasing demand for this new area of investment, driven primarily by the younger generations,” said Adrian Cheng, founder of C Ventures and CEO of New World Group.

“Matrixport has demonstrated tremendous thought leadership as a digital assets financial services platform by being first movers in delivering a well-curated suite of innovative crypto investment offerings. Matrixport empowers crypto natives, sophisticated institutional clients, and just as importantly the large community of first-time users who are embarking on their crypto investing journey aboard a robust and trusted platform,” said MX Kuok, Managing Partner of K3 Ventures.

“As an early investor, Dragonfly is excited to see Matrixport’s continuous growth and innovation in the emerging asset class. It is well-positioned to become one of the most critical onramps for crypto adoption,” said Feng Bo, Founding Managing Partner of Dragonfly Capital.

asia’s-leading-crypto-financial-services-platform-matrixport-valued-at-over-$1-billion-–-two-years-after-its-founding

Asia’s Leading Crypto Financial Services Platform Matrixport Valued at Over $1 Billion – Two Years After its Founding

 

Matrixport, Asia’s fast growing digital assets financial services platform closed its Series C funding round with a valuation of over US$1 billion – just two years after its establishment. This round was led by partners of DST Global, C Ventures and K3 Ventures with other participants including Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital, along with earlier investors Lightspeed, Polychain, Dragonfly Capital, CMT Digital and IDG Capital. The Singapore-based start-up has raised $129 million to date.

Matrixport offers a full suite of cryptocurrency financial services including institutional custody, trading, lending, structured products and asset management to institutional and retail[1] clients. As of March 2021, the company held over $10 billion of client assets under management and custody, and recorded $5 billion in monthly transactions across all product lines.

“I always believe an open and permissionless blockchain ecosystem is the bedrock of a new financial network that will benefit a large part of the world’s population. As a result, there will be hundreds of trillions of value created, stored and transferred on this new financial network,” said Jihan Wu, Co-Founder & Chairman of Matrixport.

Since its inception in 2019, Matrixport’s mission is to be a one-stop financial services platform. Its exponential growth has been driven by robust technology capabilities and innovative product offerings, such as the world’s first crypto dual currency product. The company provides a comprehensive suite of offerings tailored across different risk appetites and yield expectations.

“We are more than a gateway to the crypto economy. Matrixport is where both institutional customers and individuals find it easy to get more from their crypto, beyond just trading. We are continually pushing out more new ways to invest crypto and earn yields in a safe and sustainable manner. We believe that it is very important to give the choice back to our customers with a range of innovative crypto investment products,” said John Ge, Co-Founder & Chief Executive Officer, Matrixport.

With this funding, Matrixport plans to further invest in research and development to enhance its innovative product offerings and security while optimising for an even greater user experience. The funds will also be used to support its global expansion as well as to secure licenses to operate in more jurisdictions. With the company’s vision to “Make Crypto Easy For Everyone”, the roll-out will allow more users globally to embrace its cryptocurrency financial services platform.

“As blockchain based digital assets gain wider adoption and acceptance, new pathways are needed to capture yield, source liquidity and manage crypto assets as an emerging asset class. With deep knowledge of traditional finance and a keen understanding of crypto assets, Matrixport is well positioned to answer the increasing demand for this new area of investment, driven primarily by the younger generations,” said Adrian Cheng, founder of C Ventures and CEO of New World Group.

“Matrixport has demonstrated tremendous thought leadership as a digital assets financial services platform by being first movers in delivering a well-curated suite of innovative crypto investment offerings. Matrixport empowers crypto natives, sophisticated institutional clients, and just as importantly the large community of first-time users who are embarking on their crypto investing journey aboard a robust and trusted platform,” said MX Kuok, Managing Partner of K3 Ventures.

“As an early investor, Dragonfly is excited to see Matrixport’s continuous growth and innovation in the emerging asset class. It is well-positioned to become one of the most critical onramps for crypto adoption,” said Feng Bo, Founding Managing Partner of Dragonfly Capital.