PR Newswire
08 Aug 2022, 08:47 GMT+10
Institutional clients can now enjoy unrivaled best-in-class access to Klaytn DeFi & NFT projects
SINGAPORE, Aug. 8, 2022 /PRNewswire/ -- Matrixport, one of the world's largest digital assets financial services ecosystem, has announced support for the Klaytn ecosystem through Cactus Custody, Matrixport's third-party institutional custody service. Cactus Custody will become the world's first institutional-grade custodian to provide custody and escrow services through Warm & Cold Non-Fungible Token (NFT) storage solutions for Klaytn-based NFTs.
Klaytn is a dominant Layer 1 public blockchain backed by South Korean internet giant, Kakao Corp. with a focus on developing the metaverse, including services based on NFTs. With Matrixport's support for the Klaytn metaverse ecosystem, Klaytn users will now be able to custodize Klaytn's native token (KLAY) as well as Klaytn compatible tokens (KCT) and Klaytn-based NFTs through Cactus Custody. Users on Klaytn's blockchain and Klaytn token users can look forward to best-in-class security, transparency and efficient institutional-grade custodian services.
In developing its metaverse initiatives, Klaytn Foundation has been working with partners to build the infrastructure layer, paving the way for interoperability, decentralization and smooth exchanges in the Klaytn metaverse.
Cynthia Wu, Chief Operating Officer and Head of Cactus Custody, said: "We are delighted to support the Klaytn ecosystem. This is a significant milestone and testament to our commitment to providing the most comprehensive NFT custody solution in the market. We continue to strive to do our utmost in supporting the adoption of up-and-coming blockchains with great potential."
David Shin, Head of Global Adoption at Klaytn Foundation, said: "We warmly welcome Cactus Custody into the Klaytn ecosystem. Their advanced risk management features will afford institutional investors more control over how they want to protect their Klaytn-based digital assets."
Holders of Klaytn compatible tokens can also look forward to enjoy unprecedented access to make instant, transfers of KLAY, 24/7 on the Klaytn, Ethereum networks as well as a seamless and secure connection with DeFi protocols, through Cactus Custody's MetaMask Institutional (MMI) integration with 9 EVM chains.
About Matrixport
For more information, visit www.matrixport.com.
Instagram: @matrixport_
Twitter: @realMatrixport
LinkedIn: @Matrixport
About Klaytn
For more information, please visit: https://klaytn.foundation/
SOURCE Matrixport
Get a daily dose of Asia Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Bulletin.
More InformationWASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...
OMAHA, Nebraska: With Congress considering cuts totaling around US$1 trillion to Medicaid over the next decade, concerns are rising...
ROME, Italy: Quick thinking by emergency responders helped prevent greater devastation after a gas station explosion in southeastern...
WASHINGTON, D.C.: President Donald Trump is drawing praise from his core supporters after halting key arms shipments to Ukraine, a...
MOSCOW, Russia: This week, Russia became the first country to officially recognize the Taliban as the government of Afghanistan since...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...