Matrixport’s Cactus Custody™ launches Enterprise Custodial Service for Non-Foldable Tokens (NFTs) ()

SINGAPORE, April 1 /PRNewswire/ —

NFT’s new capital management offering optimally covers clients’ needs for security, scalability and accessibility

Matrixport, one of the world’s largest digital asset financial services platforms, today announced the launch of its non-fungible tokens (NFTs) warm and cold custodian services through its third-party institutional custody service, Cactus Custody™. This latest NFT Capital Management offering provides organizations with the ability to securely store and manage NFT and crypto assets in one place.

NFTs are growing in popularity, taking in a variety of formats including art, trading cards, comics, and games. NFT markets have expanded from a handful to hundreds of markets on different blockchains, with the global value of NFTs sold increasing 500-fold and set to reach $20 billion in 2021. The number of NFT-traded wallets has also increased from half a million to about 28 million. in the last year.

“Matrixport is constantly evolving its offerings in line with market needs,” said Cynthia Wu, COO of Matrixport. “As the uses of NFTs continue to expand and mature, investors are looking for the best way to protect these valuable digital assets from malicious actors. Cactus Custody™ provides the infrastructure and tools to provide security for our customers.”

With enhanced risk management capabilities, the Cactus Custody™ NFT money management offering allows organizations to customize user access controls and smart contract whitelisting for decentralized applications (dApp). Only approved NFT marketplaces, DeFi protocols, GameFi, SocialFi and Web3 are allowed to interact with wallets on the platform. This effectively reduces the wallet’s susceptibility to potential fraud, hacking, or phishing attacks.

NFT warm and cold storage solutions provide users with the perfect combination of security, scalability and accessibility. The warm warehousing solution allows setting up multiple business lines to separate capital, and interact seamlessly with different NFT markets via the Cactus Custody™ Defi Connector (https://www.matrixport.com/m/article/Matrixport’s-Cactus-Custody%E2% 80% 99s% E2% 84% A2-DeFi-Connector-Supports-Multi-chain-Capabilities-with-MetaMask-Institutional) and availability of bank-specific safes to protect private keys. As an added level of security, the cold storage solution uses a multi-signature mechanism, storing private keys offline in multiple bank-standard vaults in 4 countries on 3 continents.

Cactus Custody™ is Matrixport’s third-party institutional custody service for miners, funds, projects, and holding companies. The NFT money management service is now available on the Cactus Custody™ platform, allowing users to take advantage of the rich capabilities of NFTs.

Matrix port information

Matrixport is one of the largest and most trusted financial services platform for digital assets in the world. With its mission to make crypto easy for everyone, the company provides one-stop crypto financial services to meet the emerging need for a long-term wealth of digital assets. Its services include Cactus Custody™, spot money management, and OTC funds, backed by a wide range of market-leading crypto investment products such as fixed income, structured products and loans. Through its Ventures unit, the company also strategically collaborates with early-stage Web3 innovators, helping them build, grow, and expand. Matrixport is headquartered in Singapore and serves institutional and private clients in Asia and Europe. The company has licenses in Hong Kong and Switzerland. For more information, visit: www.matrixport.com.

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LinkedIn: Matrixport (https://www.linkedin.com/company/matrixport/?originalSubdomain=sg)

About Cactus Custody

Cactus Custody is dedicated to providing the digital age with safe, transparent and efficient corporate custody services. Cactus Custody has an advanced security architecture and infrastructure along with comprehensive financial management capabilities suitable for a variety of business scenarios, and continuous protection against billions of dollars in digital assets.

We provide services to some of the world’s largest and most popular miners, mining pools, cloud mining platforms, exchanges, funds and OTC traders, helping our clients grow and expand safely. Cactus Custody currently supports 70 major digital assets and will support more assets in the future. To learn more about our solutions, visit: https://www.mycactus.com/en.

Twitter: CactusCustody (https://twitter.com/CactusCustody)

LinkedIn: Cactus Custody (https://www.linkedin.com/company/matrixport-cactus-custody/)

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Media contact:

Waxman
shin bee
senior consultant,
matrixport@wachsman.com

Original content from: Matrixport, transmitted by aktuell news

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