Matrixport’s Cactus Custody™ Announces Partnership with Trovio Group

Cactus Custody™ will provide Trovio Group with institutional-grade custody services for digital assets with unparalleled DeFi access

SINGAPORE, October 25, 2022 /PRNewswire/ — Matrixport, one of the world’s largest digital asset financial services ecosystems, today announced that Cactus Custody™its qualified institutional custodian, now supports the Trovio Group, Asia Pacific leading hybrid asset manager and technology solutions architect.

Under this partnership, Trovio Group will leverage unparalleled DeFi connectivity and industry-leading hot and cold storage solutions with the highest level hardware security modules (FIPS 140-2 Level 3 or superior). Cactus Custody™ will also provide institutional grade crypto management and audit trails.

Thomas BartonDirector of Operations of the Trovio Groupsaid, “We are delighted to partner with Cactus Custody™ for 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 the best security and risk management.We look forward to working with Cactus Custody™ across a range of custodial solutions to ensure the Trovio Group has access to institutional-grade security and industry-leading products.

Cactus Custody™ benefits from its unparalleled DeFi connectivity based on integration with MetaMask Institutional (MMI). Its DeFi connection feature supports more than 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 the Trovio Group with our custodial services, offering an optimal balance between security, operational risk control and asset liquidity. The confidence of the Trovio Group in our custodial solutions is testament to our high level of of service for institutions and we will continue to improve institutional access to the world of DeFi and Web3.”

With over 200+ institutional clients, Cactus Custody™ currently supports over 100 major digital assets with unprecedented functionality of custom ERC-20 tokens and NFTs across over 26 channels. He recently secured $50 million cold store insurance coverage protect digital assets from employee collusion, third-party theft, and physical loss or damage to private keys.

About Trovio Group
The Trovio group is Asia Pacific hybrid asset manager and technology solutions architect. Founded in 2017, Trovio Group is reimagining existing markets and infrastructure as well as the global economic landscape. The evolution of commerce through digitization, data capture and decentralization challenges many sectors, creating opportunities for investors, leaders and stakeholders. Trovio has offices in amsterdamthe Bahamian, Singapore and sydney. For more information, please visit trovio.io.

About Cactus Custody™
Cactus Custody™ is a Hong Kong qualified custodian and trust company that satisfies the capital reserve requirement and operates within regulatory and AML guidelines. To learn more about our solutions, visit https://www.mycactus.com/fr

About Matrixport
matrix port is one of the largest and most trusted digital asset financial services ecosystems in the world. The Company’s services include Prime Brokerage, Cactus Custody™, Spot OTC, Fixed Income, Structured Products, Lending as well as Asset Management. Matrixport serves individuals as well as more than 800 institutions across Asia and Europe. For more information, please visit www.matrixport.com

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SOURCE matrix port

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