Matrixport brings a new institutional custody service
Matrixport will provide custody services to institutional investors through Cactus Custody, and according to the press release, “this latest NFT asset management offering provides institutions with the ability to securely store and manage their NFT and crypto assets in one place. only place”.
In the press release, Matrixport noted that the number of wallets trading NFTs has also increased from 500,000 to around 28 million in the last year, and as a result the company aims to capitalize on growing industry demand. .
Matrixport COO Cynthia Wu said NFT investors were “seeking best-in-class protection for valuable digital assets from malicious actors.” She added that Cactus Custody is building “the infrastructure and the tools” to provide its customers with “peace of mind.”
Security, scalability and accessibility
According to the press release, the NFT Warm and Cold storage solutions will offer users a combination of security, scalability and accessibility. The company also added that the hot storage solution will allow users to create “multiple lines of business for asset segregation, seamless interactions with various NFT marketplaces via Cactus Custody, Defi Connector, and availability of proprietary vaults. bank grade to protect the private keys”.
Interestingly, as an added layer of security, the cold storage solution will use a multi-sig method where “private keys are stored offline in multiple bank-grade vaults located in four countries on three continents,” a added Matrixport.