SINGAPORE - December 06 2024 - Cobo, a leading provider of digital asset custody solutions, is proud to announce its partnership with ETransfer, a cutting-edge cross-chain bridge-swap decentralized application (dApp) built on the AI-enhanced aelf network. Through this partnership, ETransfer will integrate Cobo’s Custodial Wallets into its platform, delivering enhanced security, scalability, and operational efficiency to the broader Web3 ecosystem.

The integration of Cobo’s Custodial Wallets into ETransfer offers key advantages for users:

• Unmatched Security Architecture: Cobo’s robust 3-tier storage system ensures that 95% of assets are stored in secure cold wallets, with private keys distributed globally for enhanced protection. The remaining assets are stored in hot and warm wallets, optimized for transaction speed.

• Advanced Risk Control: ETransfer benefits from Cobo’s state-of-the-art Hardware Security Modules (HSM), zero-trust architecture, and risk control protocols, ensuring users’ assets remain safeguarded at all times.

• Comprehensive Compliance Solutions: Powered by industry-leading services such as Chainalysis, Elliptic, and Beosin, Cobo’s Anti-Money Laundering (AML) and Know Your Transaction (KYT) solutions deliver robust compliance and user protection throughout the transaction lifecycle.

Cobo’s Custodial Wallets offer institutional-grade security and operational efficiency, designed to meet the evolving needs of the decentralized finance (DeFi) sector. By integrating Cobo’s solutions, ETransfer strengthens its bridge-swap capabilities, allowing users to enjoy safe and reliable cross-chain bridging and token swapping.

The partnership between ETransfer and Cobo marks a pivotal step in tackling the security challenges of the cryptocurrency sector. As global digital asset adoption accelerates, this collaboration aims to redefine secure transactions within decentralized finance (DeFi). With this integration, ETransfer is enhancing its dApp to provide a more secure and efficient platform for bridging and swapping, paving the way for a flexible and robust DeFi future.

Moving forward, Cobo and ETransfer will continue collaborating on practical solutions to address security and scalability challenges, ensuring they meet the evolving needs of users worldwide.

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, Global Custodian, among others.

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

About ETransfer

ETransfer is a cutting-edge cross-chain bridge-swap platform powered by aelf blockchain. Designed to facilitate seamless token transfers, swaps, and bridging between EVM chains and non-EVM chains, ETransfer addresses the critical need for interoperability between the different heterogeneous blockchain ecosystems.

ETransfer stands out with its five key features: enhanced security through top-tier third-party custody, faster transaction speeds compared to traditional cross-chain services, low cross-chain fees, an intuitive interface for easy deposit and withdrawal processes, and complete transparency with all blockchain transactions recorded and displayed on the dApp.

For more information, please visit https://etransfer.exchange/ and follow ETransfer’s socials on X and Telegram.