#USA #Bybit #Dubai #Cactus Custody #Cactus Oasis

Bybit and Cactus Custody: A New Era in Institutional Trading

In a significant move for the cryptocurrency landscape, Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Cactus Custody, a leading licensed digital asset custodian based in Asia. This collaboration introduces Cactus Oasis, a groundbreaking over-the-counter (OTC) settlement solution designed to enhance asset security, capital efficiency, and operational control for institutional clients. The integration is set to go live on July 28, 2025.

Accessing Bybit without an Exchange Account

One of the most notable features of this partnership is that it allows institutional and professional clients to trade directly on Bybit without the need for a traditional exchange account. Instead, clients can secure their collateral with Cactus Custody, where their assets will be held in a fully segregated, regulated custody environment. This method significantly reduces counterparty risk while maintaining access to market liquidity, a crucial factor for institutional trading.

Shunyet Jan, Head of Institutional and Derivatives at Bybit, expressed the company's commitment to providing institutions with a safe and efficient trading environment. He stated, "The integration of Cactus Oasis provides our clients with additional flexibility in liquidity management without compromising the security of their assets."

Enhancing Asset Security and Efficiency

The Cactus Oasis platform redefines how institutional clients interact with Bybit. With this solution, assets remain protected at Cactus Custody until the time of trade settlement, thus improving capital efficiency and adhering to strict internal governance requirements.

Cactus Custody employs a bank-level security framework featuring a tiered hot and cold wallet system that integrates hardware security module (HSM) encryption with institutional-grade cold storage. It holds SOC 1 Type 1 and SOC 2 Type 2 certifications from Deloitte and operates under the licensing of the Hong Kong Monetary Authority as a Trust Company and Trust or Company Service Provider (TCSP). This regulatory compliance assures institutional clients of robust security measures.

Tailored Solutions for Institutional Needs

The features of Cactus Oasis include cross-platform custody via buffer accounts, streamlining asset management across multiple exchanges. It also provides flexible risk controls, including dual authorization and pre-authorization modes, customizable approval and settlement workflows, as well as compliance with KYC, KYB, and KYT requirements. Role-based access and multi-tiered permissions ensure strong governance and operational efficiency.

Wendy Jiang, General Manager of Cactus Custody, highlighted the significance of this integration for meeting institutional demands regarding secure custody, risk mitigation, and efficient post-trade settlement. She noted, "This is a crucial step towards advancing the infrastructure for trading digital assets and fostering acceptance among institutions."

Fostering Global Institutional Acceptance

Bybit and Cactus Custody share a mutual vision to support institutional acceptance with a compliant, transparent, and scalable infrastructure. This partnership is especially relevant for institutions in the Asia-Pacific region, where clarity of regulation, risk management, and capital flexibility are vital for long-term engagement in the cryptocurrency market.

The collaboration stands as a testament to the growing convergence between traditional finance and digital asset markets, embodying a forward-thinking approach that recognizes the unique challenges and opportunities inherent in today’s financial environment. For more information about the partnership and services, visit Bybit's website. This development marks an important milestone in the evolution of cryptocurrency trading, setting a new standard for institutional participation in the digital economy.