#Switzerland #Zug #Cobo #Safe Ecosystem #HQ.xyz

Asia's Crypto Surge: Safe Ecosystem Facilitates $1.49 Billion for Cobo and HQ.xyz

The recent announcement from the Safe Ecosystem Foundation marks a milestone in the rapid evolution of cryptocurrency adoption within the Asian institutional market. With a staggering transaction volume exceeding $1.49 billion, Singapore-based digital custody providers, Cobo and Headquarters (HQ.xyz), are at the forefront of this financial evolution. This upward trajectory showcases Asia's dominance in the institutional crypto landscape.

Cobo alone has been critical in enabling liquidity, contributing over $390 million through its innovative Cobo Safe platform. At the same time, HQ.xyz has impressively tracked almost $1 billion in transactions, servicing major on-chain enterprises such as Mantle, Pixelmon, and Ocean Protocol. This remarkable performance underscores the growing demand for secure and efficient digital asset management solutions in the region.

Safe's Smart Account Protocol

The backbone of this success is Safe's cutting-edge smart account protocol, designed to facilitate a wide array of transaction types while ensuring security and scalability. To date, this protocol has handled outgoing transactions exceeding an astounding $865 billion, currently accounting for 6.8% of all USDC held within its accounts. As part of its broader vision, Safe's innovation continues to break down interoperability barriers between on- and off-chain industries, striving to integrate an estimated $100 trillion global GDP into the blockchain ecosystem.

Jan Albers, Head of Partnerships at Safe, remarks, "The APAC region is the clear leader in institutional crypto adoption, and seeing industry leaders like Cobo and HQ.xyz integrate with Safe to meet the needs of both retail and institutional investors in this booming market further underscores the potential of our ecosystem as we work to move the global economy on-chain."

Cobo's Integration of Safe Technology

Cobo's strategy involves the incorporation of Safe's smart contract wallets, which deliver enhanced security and flexibility vital for enterprise functionality. Key features of this integration include:

• - Multi-Signature Access Controls: Achieving a perfect balance between the efficiency of single-signature systems and the robust protection offered by multi-signature mechanisms.
• - Custom Transaction Policies: Enabling precise control over token transfers and decentralized application (dApp) interactions tailored to meet diverse operational requirements.
• - Enterprise-Ready Capabilities: Facilitating the effortless creation of wallet addresses and fund transfers across custodial, MPC, and exchange wallets, effectively bridging decentralized finance (DeFi) and centralized finance (CeFi).

As Cobo foresees further growth, plans for 2025 include enhancing multi-chain support and introducing advanced automation tailored to the increasing demands of fund managers, decentralized autonomous organizations (DAOs), and DeFi projects.

HQ.xyz: Merging Traditional Finance with Cryptocurrency

Headquarters (HQ.xyz) complements this narrative by merging traditional financial operations (FinOps) with crypto payments, leveraging Safe's secure wallet framework extensively. This allows businesses with on-chain revenue and treasury management to conduct various functionalities seamlessly, including:

• - Effortless Token Payments: Utilizing multi-signature controls for secure transaction facilitation, including the ability to draft payment instructions in advance.
• - Stablecoin-to-Bank Payouts: Streamlining corporate expenses like payroll and vendor payments through integrated stablecoin solutions.
• - Self-Custodial Visa Corporate Cards: Enabling global spending capabilities using stablecoins for corporate expenditures.
• - Crypto Accounting Software Integration: Harmonizing with popular accounting tools such as Xero and QuickBooks for an efficient finance management experience.

Having processed nearly $1 billion for notable clients like Mantle and Ocean Protocol, HQ.xyz is gearing up for a transformative 2025 with plans for the introduction of global corporate cards and further advancements in DeFi tracking tools and invoicing solutions—all underpinned by Safe's secure smart accounts.

About Safe

Previously known as Gnosis Safe, Safe operates as an on-chain asset custody protocol currently securing approximately $69 billion in assets. Available as an open-source software solution from the Safe Ecosystem Foundation, it aims to establish a universal standard for smart accounts dedicated to the secure custody of digital assets, data, and identities. The foundation is committed to promoting digital asset ownership across various user segments, from DAOs and enterprises to retail and institutional investors.

About Safe Ecosystem Foundation

The Safe Ecosystem Foundation's mission is to foster the development of Safe technology while enhancing its efficacy and fostering the larger Safe ecosystem. Based in Zug, Switzerland, this non-profit organization is dedicated to educating the public on Safe's smart accounts and furthering its technology through grants and community-driven hackathons.

For further information, please refer to the Safe Ecosystem Foundation’s website.