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Cryptocurrency News Articles

Cactus Custody Unveils 2024 Annual Performance Highlighting Strategic Partnerships, DeFi Innovations, and Trust and Compliance Enhancements

Jan 08, 2025 at 08:00 am

Cactus Custody, a leader in the Web3 sector, has released its 2024 annual performance. The company achieved significant growth and innovation by focusing intensely on security and compliance.

Cactus Custody Unveils 2024 Annual Performance Highlighting Strategic Partnerships, DeFi Innovations, and Trust and Compliance Enhancements

Singapore, January 8th, 2025, Chainwire

Cactus Custody, a leader in the Web3 sector, has released its 2024 annual performance. The company achieved significant growth and innovation by focusing intensely on security and compliance.

Throughout 2024, Cactus Custody forged strategic partnerships with leading companies to strengthen the ecosystem:

DeFi Innovations

Cactus Custody advanced in DeFi by collaborating with CoreDAO for a Layer-1 solution that combines Bitcoin’s resilience with Ethereum’s flexibility. BTC staking was streamlined through Cactus Link, and as an exSat mainnet validator, Cactus Custody enhanced network security and interoperability. Partnerships with CKB and Meson Finance introduced ccBTC custody, ensuring a 1:1 Bitcoin reserve and optimizing idle BTC usage.

Trust and Compliance

A partnership with Vistra offered top-tier trust services for high-net-worth investors and family offices, reinforcing compliance and security frameworks. This alliance further solidified Cactus Custody’s reputation as a reliable digital asset custodian.

Service and Technology Expansion

Innovation in off-exchange settlements was led by collaboration with Bitget, which protected funds in Oasis buffer accounts and enabled automatic settlements. Support was extended to 56 public blockchains and 173 tokens, covering both EVM and non-EVM networks. New BTC Ordinals connectors and rare-Satoshi extraction technology were introduced, enabling direct BTC staking to DeFi, optimizing gas fees, and simplifying transactions, with plans for further expansion.

Honors and Certifications

Cactus Custody was honored with several awards and certifications in 2024:

Looking Ahead to 2025

Cactus Custody will continue to uphold its motto of “Security First, Integrity Always” in 2025. The company's plans include launching advanced technologies, forging new strategic partnerships, and attracting more institutional clients.

Cactus Custody expresses gratitude to all its partners for their support and looks forward to another year of growth and innovation in the digital asset industry.

About Cactus Custody

Cactus Custody is a premier digital asset custody provider offering secure, compliant, and efficient asset management solutions for global institutional clients. Leveraging advanced technology and extensive industry expertise, Cactus Custody drives the development and innovation of the Web3 ecosystem.

Contact

News source:cryptodaily.co.uk

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