Singapore, 22 September 2023 - Cobo, a globally trusted leader in digital asset custody technologies, today announced a new partnership with Vantage Markets, a leading forex and CFD broker, to integrate its crypto custody solutions into the brokerage platform. This collaboration underscores the growing demand from traditional financial (TradFi) institutions, including brokers, for robust and compliant digital asset custody solutions as they move to accept stablecoin deposits from clients.

Under the agreement, Vantage Markets will deploy Cobo’s institutional-grade Wallet-as-a-Service (WaaS) solution onto its platform, enabling it to securely and compliantly receive, store, and manage stablecoin deposits from its end clients. These stablecoin deposits can be directly converted into fiat currencies to fund accounts on Vantage Markets' platform. Cobo’s WaaS solution combines Cobo’s cutting-edge custody technologies, a battle-tested security architecture, and a proprietary risk policy engine to deliver the highest level of security for clients’ valuable assets.

"We're thrilled to be working with Vantage Markets to empower their expansion into stablecoin services," said Dr. Changhao Jiang, CTO and Co-Founder of Cobo. "As adoption grows, we expect more and more traditional financial institutions to integrate stablecoins into their services. Cobo's custody solutions allow them to do so with the highest security standards, full regulatory compliance, and fastest time to market."

In addition to custody solutions, Cobo offers users the advantage of direct over-the-counter (OTC) trading access within the platform, with exclusive rates for USDT-USD and other stablecoins. This service is specifically tailored to meet the needs of institutions, enabling them to service their end clients seamlessly.

Dr. Jiang added, "Our goal is to provide a comprehensive solution for TradFi firms seeking to offer cryptocurrency services. As one of the leading digital asset custody technology providers for institutions, Cobo's deep experience and comprehensive range of solutions enable these companies to easily enter into the digital asset space. Whether it's secure custody, Wallet-as-a-Service, trading, or DeFi, we have the right tools to help TradFi integrate crypto into their business models effortlessly."

About Cobo
Cobo is a globally trusted leader in digital asset custody solutions. As the world’s first omni-custody platform, Cobo offers the complete spectrum of solutions from custodial wallets to non-custodial wallets including MPC custody and smart contract-based custody, as well as wallet-as-a-service, a DeFi management platform (Argus), and an off-exchange settlement network (SuperLoop). Trusted by over 500 institutions with billions in assets under custody, Cobo inspires confidence in digital asset ownership by enabling safe and efficient management of digital assets and interactions with Web 3.0. Cobo is SOC2 Type 1 and Type 2-compliance-certified and licensed in 5 jurisdictions.

For more information, please visit www.cobo.com