Singapore - November 4, 2024 - Cobo, a leading provider of digital asset custody solutions, announces an integration with tBTC, a trust-minimized bridge that brings the value and liquidity of Bitcoin onto Ethereum, various Ethereum Layer 2 networks, including Optimism, Base, and Arbitrum, as well as Solana. This collaboration empowers Cobo users to add tBTC token into their Custodial Wallets and MPC Wallets, unlocking new opportunities for utilizing Bitcoin within the decentralized finance (DeFi) ecosystem.

Cobo currently provides the industry's widest token and chain coverage, supporting more than 3,000 tokens across over 80 blockchains. This partnership with tBTC further enriches Cobo’s robust offerings within the global digital asset ecosystem and DeFi space. Additionally, it provides tBTC with access to Cobo’s institutional user base while delivering the security and advantages of Cobo’s wallet infrastructure to tBTC users.

tBTC is a 1:1 pegged Bitcoin asset processed through the Threshold Bridge, enabling Bitcoin holders to use their Bitcoin in various DeFi ecosystems. Developed as an open-source project by the crypto venture studio Thesis* and operated by the Threshold Network, tBTC is currently the most decentralized tokenized Bitcoin asset available. It is continually evolving toward full trust minimization for users across various platforms, including Solana, Arbitrum, Optimism, Polygon, and Ethereum.

"We are proud that Thesis* has chosen to integrate with Cobo's institutional-grade wallet solutions, which are specifically designed to simplify digital asset security while empowering blockchain innovations," said Dr. Changhao Jiang, Co-Founder and CTO of Cobo. "This partnership not only enables institutions holding Bitcoin to effortlessly engage with Ethereum's DeFi ecosystem, but also enhances operational efficiency and security for all stakeholders involved."

"As Bitcoin Layer 2 solutions continue to gain traction, tBTC is well-positioned to be a significant contributor to the growth of this sector, particularly as Layer 2s build on its foundation,” said Brian Mahoney, VP of Business Development at Thesis*. "We are excited to collaborate with Cobo and leverage their robust wallet infrastructure and extensive user base across APAC and beyond to propel our mission forward."

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure solutions. Founded in 2017 by blockchain pioneers, Cobo is trusted by more than 500 organizations worldwide, safeguarding billions of dollars in assets with a zero-incident security track record.

Today, Cobo provides the industry’s only unified digital asset wallet platform that integrates all 4 wallet technologies in one place – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. By combining a comprehensive suite of wallet solutions with advanced risk controls and developer tools, Cobo empowers organizations and developers to innovate and scale with ease.

Visit www.cobo.com for more information.

‍About Thesis*

Thesis* is a pioneering venture studio dedicated to building on Bitcoin. Since 2014 Thesis* has committed to building solutions focused on empowering individuals and communities through the creation of market-leading products including Fold, Mezo, tBTC, Acre and Taho in its core portfolio of brands. Thesis* continues to challenge traditional systems, driven by innovation and a belief in a sovereign digital future shaping the decentralized landscape one project at a time. 

To learn more, please visit: https://thesis.co/

About tBTC

Built by Thesis* and secured by the Threshold Network, tBTC is a trust-minimized bridge bringing BTC liquidity into Ethereum, Solana, Optimism and other EVM networks. Over the past 4 years, tBTC has been used to securely bridge over 8,000 BTC, making it one of the most trustworthy bridges in the space. Today, tBTC is primed for the new development of Bitcoin L2s and can seriously speed up development for teams by solving a major issue—providing a secure, production-ready, and well-audited Bitcoin bridge.

To learn more, please visit: https://tbtc.network/