Cobo Powers the Next Era of Digital Asset Security with CoinCover and Shift Markets

HONG KONG – 24 February 2025 – Cobo, a global leader in digital asset custody and infrastructure solutions, announced the signing of two strategic Memorandums of Understanding (MoUs) with CoinCover and Shift Markets at Consensus Hong Kong 2025. These collaborations mark a major milestone in advancing security, scalability, and innovation for cryptocurrency exchanges and financial institutions worldwide.

Raising the Bar for Digital Asset Security with CoinCover

As the digital asset landscape faces escalating threats, with over $2.2 billion lost to crypto hacks in 2024—and the recent $1.5 billion Bybit hack, one of the largest in history—the need for robust security solutions has never been more urgent. Cobo’s partnership with CoinCover offers a new paradigm in asset protection. Combining CoinCover’s disaster recovery solutions for crypto wallets with Cobo’s industry-leading custody infrastructure ensures that exchanges can operate with resilience and confidence.

• Holistic Risk Management: Real-time threat detection, military-grade security, and protection against complex attack vectors safeguard exchanges from operational disruptions and reputational damage.

• Uninterrupted Operations: Cobo’s zero-incident track record, paired with CoinCover’s ultra-fast wallet recovery, ensures exchanges can maintain seamless operations even in volatile market conditions.

• Institutional Trust and Compliance: Together, Cobo and CoinCover provide the highest levels of security assurance, ensuring exchanges meet stringent regulatory standards globally.

"Cobo’s unwavering commitment to security and innovation made them the ideal partner for us. Their expertise in digital asset custody infrastructure, coupled with our advanced risk mitigation capabilities, creates a formidable defense against evolving threats," said Anthony Yeung, CCO at CoinCover.

"In today’s rapidly evolving digital asset environment, exchanges need more than just technology—they need trust, resilience, and a forward-thinking approach. Our partnership with CoinCover embodies that philosophy, delivering unparalleled protection and operational efficiency to our clients," said Dr. Changhao Jiang, CTO at Cobo.

Empowering Exchange Growth with Shift Markets’ Proven Infrastructure

With the cryptocurrency market projected to reach $11.71 billion by 2030, exchanges must prioritize scalable and secure infrastructure. Cobo’s collaboration with Shift Markets ensures that exchanges—regardless of size—can launch, expand, and operate with agility and security.

• Rapid Deployment and Liquidity Access: Shift Markets’ white-label exchange software, combined with Cobo’s custody solutions, accelerates time-to-market and provides immediate access to deep liquidity pools.

• Scalable Infrastructure for Dynamic Markets: Exchanges benefit from a robust platform supporting crypto derivatives, FX integration, and regulatory licensing across jurisdictions.

• Seamless Ecosystem Integration: Cobo and Shift Markets offer integrated access to essential services, including KYC/KYT providers, market makers, and liquidity partners.

"Cobo is widely regarded as a leader in digital asset custody, making them a perfect partner for our exchange solutions. Their expertise in digital asset custody ensures our clients can scale operations without compromising on safety or efficiency," said Matt Miller, Co-Founder at Shift Markets.

"Our partnership with Shift Markets underscores Cobo’s vision of delivering comprehensive solutions that extend beyond custody, offering exchanges a reliable foundation for growth, innovation, and operational excellence," added Discus Fish, CEO at Cobo.

Strategic Impact of These Partnerships

Cobo’s strategic collaborations with CoinCover and Shift Markets reinforce its position as a leading digital asset solutions provider, delivering:

• Comprehensive Security and Scalability: From advanced risk mitigation to seamless infrastructure and liquidity management, Cobo empowers exchanges to thrive in an increasingly complex environment.

• Accelerated Growth and Market Reach: Tailored referral programs and integrated infrastructure solutions ensure that exchanges can expand confidently and efficiently.

• Leadership in Innovation and Compliance: Cobo’s adherence to the highest security standards, including SOC 2 Type 2 and ISO 27001 certifications, positions it as the preferred partner for institutions seeking secure and scalable digital asset solutions.

These collaborations underscore Cobo’s positioning at the forefront of digital asset security and infrastructure innovation, reinforcing its commitment to delivering secure, scalable, and tailored solutions that empower exchanges to thrive in the evolving digital asset landscape.

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 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Today, Cobo offers the industry's only unified wallet platform that integrates all four 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 and Global Custodian.

For more information, please visit www.cobo.com

About CoinCover 

Blockchain technology is revolutionising the way industries operate, enabling greater transparency, security, and efficiency across various sectors. However, it brings its own set of unique risks. CoinCover exists to ensure everyone is protected, enabling them to invest and innovate freely.    

CoinCover provides complete digital asset protection, addressing the most significant barrier to mainstream adoption: trust. Our protection ensures that access and assets are never lost.

Founded in 2018, CoinCover is backed by leading fintech and blockchain investors. Today, we help over 500 of the biggest names in blockchain, including Fireblocks, BitGo, and Ledger, protect themselves and their customers from theft, hacking, and human error.   

For further information, please visit: coincover.com

About Shift Markets

Shift Markets is the leading provider of exchange infrastructure, offering white label crypto trading technology for spot and derivatives markets. The Shift Platform delivers advanced front-end interfaces, full back-office control, and deep liquidity, enabling businesses to launch and manage digital asset exchanges efficiently. With over 15 years of industry experience, Shift Markets provides the technology and liquidity needed to build competitive and high-performing trading venues.

For further information, please visit www.shiftmarkets.com