Matrixport will offer new institutional custody services for NFTs through Cactus Custody. – Latest News

The Matrixport crypto trading platform confirmed that its third-party institutional custodial service, Cactus Custodywill launch hot and cold childcare services for NFT.

An overview of the company Matrix port

Matrix port provides an all-in-one platform for traders of crypto who are looking to get the most out of their investment activities. The platform has over $10 billion in assets under management (AT M). She regularly handles over $5 billion in monthly trading volume.

Matrix port serves people looking to invest in crypto-changeregardless of their level of experience. With Matrix portcustomers can invest, trade, earn, and lend crypto, all through the mobile app. In addition to retail services, Matrix port also serves more than 300 institutions. This includes hedge funds, miners, and prop trading companies.

Although Matrix port has a strong presence in Asia, the company now operates in over 40 countries on three continents. The platform is also backed by several prominent investors, such as Paradigm and Tiger Global, adding significant credibility to the services offered.

The launch of daycare services NFT institutional investors

Matrix port announced childcare service for NFT via Cactus Custody. The press release states that “this latest asset management offering NFT offers institutions the ability to securely store and manage their assets NFT and crypto in one place”.

Otherwise, Matrix port noted that the number of portfolios trading NFT also fell from 500,000 to around 28 million last year. Therefore, the company aims to capitalize on growing industry demand.

Cynthia Wu, the COO of Matrix portstated that : “Investors of NFT “were looking for best-in-class protection for valuable digital assets from malicious actors.Cactus Custody strengthens infrastructure and tools” to provide its customers with “peace of mind”.

Also read: eBay announces the acquisition of the NFT marketplace KnownOrigin.

Bring more security, scalability and accessibility

According to the announcement, storage solutions NFT Warm and Cold will provide users a combination of security, scalability and accessibility.

The company also added that the hot storage solution will allow users to create “multiple lines of business for asset segregation, seamless interactions with various markets NFT via Cactus Custody, Challenge Connector and the availability of bank-grade proprietary safes to protect private keys.”

Also, as an additional level of security, the cold storage solution will use a method multi-sig. Thereby, “private keys are stored offline in multiple bank-grade vaults located in four countries on three continents,” added Matrix port.

Bonus: Taiwan’s central bank is warning investors to beware of the NFT industry.

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Matrixport will offer new institutional custody services for NFTs through Cactus Custody. – Latest News

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