#USA #Digital Assets #KuCoin #Providenciales #Cactus Custody

KuCoin and Cactus Custody Forge a New Era in Digital Asset Security

In a significant move to elevate the standards of security and efficiency in the cryptocurrency domain, KuCoin has recently announced a strategic collaboration with Cactus Custody, a subsidiary of Matrixport. This partnership aims to bolster security measures for institutional clients while streamlining access to the burgeoning digital asset market.

Enhanced Security Framework

At the core of this partnership is the integration of Cactus Oasis, the Off-Exchange Settlement (OES) framework from Cactus Custody. This initiative establishes new benchmarks for custody security at institutional levels, ensuring that clients can execute trades without the need to pre-fund their exchange wallets. The assets remain securely held under Cactus Custody's oversight, which is characterized by a fully segregated custody environment and stringent regulatory compliance.

This framework leverages advanced security protocols, including multi-signature wallets and cold storage solutions, supported by ISO-certified controls. Such measures not only safeguard clients' digital assets but also enhance trading efficiency across KuCoin's varying markets—spot, margin, options, and perpetual futures.

Commitment to Client Trust and Market Access

Wendy Jiang, General Manager at Cactus Custody, emphasized the collaborative spirit driving this partnership: “At Cactus Custody, we are committed to advancing security standards and digital asset operations. Our offerings combine institutional-grade security with operational efficiency to broaden client access to trading venues.” The launch of Cactus Oasis epitomizes this goal, reinforcing client trust while also expanding secure investment choices for institutions.

KuCoin's Head of Global Business Development, Tika Lum, shared insights on the partnership's strategic importance: “Integrating with Cactus Custody represents a pivotal step in enhancing the digital asset ecosystem for institutions. We strive to provide the highest standards of liquidity, infrastructure, and security.” By bridging the gap between traditional finance and the emerging Web3 economy, this collaboration is set to facilitate increased institutional participation in the digital asset sector.

Expanding Opportunities in the Digital Economy

This partnership also aligns with KuCoin's broader initiative, the $2 Billion Trust Project, aimed at increasing secure trading solutions for institutional clients. The collaborative effort with Cactus Custody is a testament to KuCoin’s mission, reinforcing its commitment to a multiple-partner ecosystem that offers clients greater flexibility in choosing custodians that align with their risk profiles and operational needs.

The introduction of Cactus Oasis marks a significant step forward in enhancing the trading opportunities available to institutional clients. Through this innovative partnership, both companies endeavor to drive the next phase of institutional participation, ensuring that clients can confidently navigate the growing digital economy with enhanced security measures.

About KuCoin Institutional

KuCoin Institutional operates as the dedicated division of KuCoin that caters to professional investors, funds, and enterprises in need of secure and compliant digital asset solutions. By integrating advanced trading infrastructure with comprehensive capital management and custody services, KuCoin Institutional empowers institutions to engage meaningfully in the digital economy while maintaining confidence and transparency.

About Cactus Custody

As a pioneering player in the digital asset custody space, Cactus Custody offers a range of services including digital asset custody, decentralized finance access, and OTC settlement services. With a robust reputation and comprehensive regulatory framework, Cactus Custody is designed to safeguard significant assets for over 300 institutions globally. Utilizing a layered security architecture and compliance controls, the firm empowers institutions to manage their digital assets with resilience and trust.

With this new partnership, both KuCoin and Cactus Custody are poised to redefine the landscape of institutional digital asset management, propelling the industry into a new era of trust and security.