Bitget and Cactus Custody Partner to Revolutionize Institutional Digital Asset Management
In a groundbreaking move, Bitget has teamed up with Cactus Custody, a subsidiary of Matrixport, to introduce cutting-edge fund custody and off-exchange settlement services tailored for institutional clients. This strategic partnership is set to redefine the landscape of institutional digital asset management by offering enhanced security measures and operational efficiency.
The demand for sophisticated asset management solutions in the cryptocurrency market has been on the rise as institutional investors seek secure and efficient ways to handle digital assets. Recognizing this trend, Bitget and Cactus Custody have come together to address the critical needs of institutional clients.
Under this partnership, a range of services will be introduced, including Oasis fund custody and various settlement services designed to support spot, leveraged spot, and futures trading. The futures products offered will cover USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual, with off-exchange settlement currencies such as USDT, USDC, BTC, ETH, AVAX, and ARB.
One key focus of this collaboration is to minimize counterparty risks associated with exchange trading, providing institutional clients with protection against the volatilities of digital asset markets. Additionally, the partnership aims to enhance capital efficiency by enabling swift redeployment of profits post-settlement without the delays typically seen with on-chain transfers.
Gracy Chen, Managing Director of Bitget, emphasized the significance of this partnership, stating, “As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount. Our collaboration with Cactus Custody is a testament to our commitment to providing our institutional clients with top-notch security and efficiency in managing their digital assets.”
Wendy Jiang, General Manager of Cactus Custody, echoed this sentiment, highlighting the partnership’s role in driving institutional adoption. She noted, “The lessons learned from the high-profile implosions of 2022 are still fresh. Our partnership with Bitget is a strategic step toward providing our clients with a safe and compliant infrastructure to navigate and thrive in the crypto ecosystem.”
Cactus Custody brings a strong regulatory and security framework to the table, holding a Hong Kong Trust Company License and adhering to strict capital reserve requirements and anti-money laundering guidelines. With a focus on industry-leading security designs and infrastructure, Cactus Custody ensures the protection of client assets through a combination of cold and warm storage solutions.
This partnership between Bitget and Cactus Custody marks a significant milestone in the evolution of institutional digital asset management, offering institutional clients a secure and efficient way to navigate the complexities of the digital asset market.
