Singapore - August 12, 2024 - Cobo, a leading provider of digital asset custody and wallet infrastructure, today announced its partnership and upcoming integration with leading liquid restaking protocol Swell. This collaboration will give Cobo users access to advanced liquid staking and restaking services, seamlessly integrated into their existing digital asset management tools.

Swell distinguishes itself by offering one of the first vertically integrated Layer 2 restaked rollups, providing enhanced yield opportunities and flexible DeFi capabilities. Through this integration, Cobo users will be able to maximize their liquid staking and restaking rewards with Swell’s liquid staking and restaking tokens – swETH and rswETH – while maintaining enterprise-grade security. 

In addition,  Cobo custody clients will also be able to participate in Swell’s L2 pre-launch campaign, qualifying them for airdrops from both Swell and ecosystem projects building on the Swell L2 network. 

Cobo continues to broaden its support for digital assets, now covering over 3,000 tokens across more than 80 blockchains. This partnership with Swell enhances Cobo’s comprehensive offerings in the global digital asset ecosystem, giving Swell access to Cobo’s institutional user base and providing Swell’s users with Cobo’s secure wallet infrastructure.

"This integration with Swell highlights our dedication to continuously enhancing the digital asset ecosystem," said Dr. Changhao Jiang, Co-Founder and CTO of Cobo. "By integrating Swell's innovative liquid staking and restaking solutions, we are providing our users with the capabilities to maximize their rewards and streamline their DeFi operations."

"We are thrilled to partner with Cobo, a leader in digital asset custody and wallet infrastructure space," said Daniel Dizon, Founder of Swell. "This collaboration enables us to bring our liquid staking and restaking solutions to a broader audience, offering enhanced yield opportunities and secure DeFi interactions."

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate and scale their digital asset businesses securely.

Founded in 2017 and headquartered in Singapore, Cobo is a blockchain pioneer trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Cobo offers the industry’s only unified wallet platform that integrates four distinct digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions. Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek, Global Custodian, among others.

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‍About Swell

Swell is the restaking yield layer for Ethereum. The protocol provides liquid staking and restaking primitives for DeFi – including swETH and rswETH – and is delivering the first vertically integrated Layer 2 restaked rollup.Swell is backed by Framework, IOSG, Maven 11, and more.

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