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October 25, 2022

Matrixport's Cactus Custody Announces Partnership with Trovio Group

October 25, 2022 - Matrixport, a digital assets financial services ecosystem, today announced that Cactus Custody, its qualified institutional custodian, now supports the Trovio Group, Asia Pacific's leading hybrid asset manager and technology solutions architect.

Under the partnership, Trovio Group will tap into DeFi connectivity and industry-leading warm and cold storage solutions with high level hardware security modules (FIPS 140-2 Level 3 or above). Cactus Custody will also provide institutional-grade crypto management and audit trails.

Thomas Barton, Chief Operating Officer of Trovio Group, said: "We are excited to partner with Cactus Custody on their institutional custody services. As our DeFi product offering continues to grow, it is imperative that we work with market-leading providers who ultimately can provide best-in-class security and risk management. We look forward to collaborating with Cactus Custody™ across a range of custodial solutions to ensure that Trovio Group has access to institutional-grade security and cutting edge products."

Cactus Custody boasts its DeFi connectivity based on the integration with MetaMask Institutional (MMI). Its DeFi connect feature supports 12+ EVM chains; Ethereum, EthereumPOW, EthereumFair, Optimism, Arbitrum, BNB, Polygon, Avax C-chain, Fantom, Klaytn, SmartBCH, Heco and will support more assets in the future.

Justin Buitendam, Head of Institutional Sales, Matrixport, said: "We are delighted to provide Trovio Group with our custodian services, offering an optimum balance of security, operation risk controls, and asset liquidity. Trovio Group's confidence in our custodian solutions is a testament to our high level of service standards for institutions and we will continue to enhance institutional access to the world of DeFi and Web3."

Cactus Custody™ currently supports 100+ major digital assets with an a wide range of customized ERC-20 tokens function & NFT on 26+ chains. It recently secured USD 50M insurance cold storage coverage protecting digital assets against employee collusion, third party theft and physical loss or damage of private keys.

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