Toobit and Cobo Collaborate to Boost User Asset and Wallet Security Strength
03 July 2024 - 3:00AM
Toobit, a leading global digital trading platform, is thrilled to
announce its strategic partnership with Cobo, a pioneer in
institutional digital asset custody technologies. This
collaboration marks a significant advancement for both
organizations and the broader cryptocurrency ecosystem,
underscoring a mutual commitment to enhancing security and trust
for cryptocurrency investors.
Strengthening Security and
TrustThrough this strategic partnership, Toobit aims to provide
its users with enhanced security measures for their digital assets.
Cobo, known for its advanced wallet technologies, brings to the
table its ISO 27001 certified security infrastructure. This ensures
the highest standards of information security management. It is
with this certification that demonstrates Cobo’s dedication to
maintaining a robust and secure environment for digital assets.
New and Improved Wallet SecurityA core aspect of
this partnership is the focus on wallet security, considering
Toobit's stance on being a rising cryptocurrency platform. Thanks
to this partnership, Cobo’s cutting-edge wallet solutions, which
includes their Multi-Party Computation (MPC) wallets, will now be
available to Toobit users. MPC technology enhances security by
distributing the private key across multiple parties, eliminating
the single point of failure risk. This ensures that no single party
can unilaterally access or move funds, therefore providing its
users with unparalleled peace of mind. Toobit users will now be
able to enjoy this privilege with this new partnership.
Tailored Solutions for Institutional InvestorsToobit’s
institutional clients are now also benefiting from Cobo’s custodial
services, which include both MPC and custodial wallets. Cobo’s MPC
wallets employ state-of-the-art technologies and a threshold
signature scheme (TSS) to offer military-grade security while
enabling asset recovery capabilities. This innovative solution
ensures that institutional investors have access to secure and
efficient fund management tools tailored to their specific
needs.
A Vision for the FutureToobit and Cobo coming together as
one signifies a significant stride towards setting new industry
standards in fund security and investor protection. By leveraging
Cobo’s expertise in digital asset custody and security, Toobit is
reinforcing its commitment to providing a safe and secure platform
for its users. This partnership between Toobit and Cobo aims to
empower users by providing an even more secure trading environment
without compromising the efficiency and flexibility required for
digital asset trading. Toobit users can always expect the platform
to be constantly growing and adding new benefits for them, which
include a safer and even better trading environment.About
ToobitToobit stands as a beacon of innovation in the digital
trading domain, offering a broad spectrum of trading services
bolstered by cutting-edge technology, unparalleled security, and a
user-focused experience. Guided by a mission to empower users
worldwide to trade high-quality financial assets freely and
equally, Toobit is on a trajectory to transform the digital trading
landscape.Join the revolution with Toobit – Your Trusted
Partner in Digital Trading.For more information on Toobit
and its services, visit Toobit.
Erin G
Toobit
erin.gao (at) toobit.com