Bitget Strengthens Institutional Crypto Asset Management with Cactus Custody
BitGet has partnered with Cactus Custody, a Matrixport subsidiary, to introduce advanced fund storage and over-the-counter settlement services for institutional clients. This collaboration is poised to redefine the agency’s digital asset management environment by providing enhanced security measures and operational efficiencies.
As the cryptocurrency market continues to mature, demand for sophisticated asset management solutions has surged among institutional investors. Recognizing this trend, Bitget and Cactus Custody have joined forces to address the critical need for secure and efficient handling of digital assets.
Services introduced through this partnership include Oasis fund storage and a variety of customized payment services that support a variety of transaction types, including spot, leveraged spot, and futures trading.
These futures products include USDT Perpetual, Coin Margin Perpetual, Coin Margin Delivery, and USDC Perpetual, all backed by over-the-counter settlement currencies such as USDT, USDC, BTC, ETH, AVAX, and ARB.
A notable aspect of this partnership is its focus on protecting institutional clients from the inherent volatility of digital asset markets by minimizing the counterparty risk associated with exchange trading. Additionally, the collaboration is designed to improve capital efficiency, allowing profits to be quickly redeployed after settlement without the delays associated with on-chain transfers.
“As the adoption of digital assets among institutions continues to grow, ensuring the highest security for these assets becomes paramount,” said Gracy Chen, Managing Director of Bitget. “Our collaboration with Cactus Custody demonstrates our commitment to providing our institutional clients with the highest level of security and efficiency in digital asset management.”
Echoing this sentiment, Wendy Jiang, General Manager of Cactus Custody, emphasized the role of partnerships in driving institutional adoption.
She said: “The lessons learned from 2022’s high-profile explosions remain vivid. “Our partnership with Bitget is a strategic step toward providing our customers with a secure and compliant infrastructure to explore and grow the cryptocurrency ecosystem.”
Cactus Custody offers a strong regulatory and security framework, boasting a Hong Kong Trust Company License and compliance with stringent capital reserve requirements and anti-money laundering guidelines.
With a commitment to leveraging industry-leading security designs and infrastructure, Cactus Custody protects customer assets through a combination of cold and warm storage solutions.
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