Singapore - April 16, 2024 - Cobo, a leading provider of digital asset custody solutions, announced a partnership with Mode Network to offer a comprehensive suite of custody solutions to support the Mode ecosystem. These solutions range from custodial to non-custodial wallets based on multi-party computation (MPC) technology. This strategic collaboration is poised to bolster institutional access within the Mode ecosystem by ensuring secure asset storage for institutions.

Furthermore, Cobo will integrate the Mode Network on Cobo Argus, an advanced on-chain digital asset management solution. With this integration, Mode Network users can harness Cobo Argus’s myriad of DeFi strategies and bots to automate yield farming as well as to enhance risk management through on-chain role-based access controls, granular permissions at function and parameter levels, automated risk monitoring, among others.

"At Cobo, our mission is centered on delivering institutional-grade custody and wallet solutions to ensure the utmost security for digital assets. At the same time, our innovative on-chain asset management solution, Cobo Argus, facilitates a secure and seamless injection of institutional liquidity into the Mode Network. This synergy fosters a positive impact across both ecosystems." said Changhao Jiang, Co-Founder and CTO at Cobo.

“We are excited to partner with Cobo to enable institutional capital to take advantage of the high-yield opportunities available on Mode. Cobo’s industry-leading custody and wallet technologies, alongside their cutting-edge on-chain asset management solution, align perfectly with our vision of empowering institutions to confidently navigate and engage with the Mode Network,” stated James Ross, Founder at Mode Network.

About Cobo

Cobo is a globally trusted leader in digital asset custody solutions. As the world’s first omni-custody platform, Cobo offers a complete range of solutions – from custodial wallets to non-custodial wallets, including MPC and smart contract wallets, as well as Wallet-as-a-Service, an on-chain digital asset management platform (Argus), and an off-exchange settlement network (SuperLoop). Trusted by over 500 institutions worldwide to safeguard billions in digital assets, Cobo inspires confidence in digital asset ownership by enabling safe and efficient management of digital assets and interactions with Web3. Cobo is ISO27001 certified, SOC2 Type 1 and Type 2-compliance-certified, and licensed in 4 jurisdictions.

For more information, please visit www.cobo.com.

About Mode

Mode is the modular DeFi L2 building the Superchain alongside Optimism. The goal of Mode is to empower developers and users to grow an ecosystem of world-class applications and be directly rewarded for their contribution. Mode builds new on-chain economic systems to enable developers to scale their applications, provide higher yields for users. If you have ever deployed to any EVM chains you can deploy to Mode quickly and easily. Build experimental DeFi on Mode, get hands-on support to scale your application and earn predictable revenue through sequencer fee sharing and developer airdrops. Learn more about Mode here.