Matrixport’s Cactus Custody and Bitget to Improve Institutional Digital Asset Security

Bitget, the crypto exchange and web3 company, has partnered with Cactus Custody, a subsidiary of Matrixport, to offer Oasis fund custody services and off-exchange settlement services.

The collaboration minimizes counterparty risks associated “with exchange trading and provides an effective tool for capital efficiency management, better addressing institutional clients’ needs for secure management of digital assets.”

The comprehensive partnership aims to “offer institutional clients a robust suite of services tailored to their trading needs, bolstering security and efficiency in managing digital assets.”

In addition to providing Oasis fund custody and settlement services, the partnership supports various trading types, “including spot, leveraged spot (cross/isolated), and futures.”

Futures products encompass USDT perpetual, coin-margined perpetual, coin-margined delivery, and USDC perpetual, “supporting off-exchange settlement currencies such as USDT, USDC, BTC, ETH, AVAX, and ARB.”

Trading fee rates and VIP levels “are determined based on user grades on Bitget, with the flexibility for personalized configuration.”

In contrast, custody account fee rates align “with those of regular accounts.”

Under the partnership, Bitget users can now benefit “from services and security provided by Cactus Custody.”

These services offer several key advantages, “including minimized fund risks through secure third-party Oasis wallet custody, swift transactions that avoid delays from on-chain transfers, efficient over-the-counter settlement processes, enhanced capital efficiency by enabling immediate redeployment of profits after settlement, and reduction of the need for continuous tracking of exchange wallets.”

Gracy Chen, Managing Director of Bitget, expressed:

“As digital asset adoption among institutions continues to grow, ensuring the utmost security of these assets becomes paramount. Our partnership with Cactus Custody underscores our commitment to providing institutional clients with the highest security and efficiency standards in managing their digital assets. Through this collaboration, we aim to strengthen our position as a trusted partner for institutional investors seeking reliable crypto asset management solutions.”

Wendy Jiang, General Manager, Cactus Custody, shared:

“As we enter the next phase of the bull market, the lessons learnt from the many high-profile implosions of 2022 remain fresh in the minds of many investors and our clients. This partnership with Bitget highlights our commitment to provide critical and neutral infrastructure for our clients to navigate and participate in this ecosystem safely and competently, driving and democratizing the next wave of institutional adoption.”

Cactus Custody, a trusted institution under Matrixport, “holds a Hong Kong Trust Company License, meets regulatory capital reserve requirements and adheres to guidelines for combating money laundering and terrorist financing.”

Leveraging industry-leading system security design principles and infrastructure, Cactus Custody ensures client assets’ safety “in cold and warm storage.”

Moreover, it offers a rich set of flexible and configurable feature modules “to meet clients’ diverse needs across different scales and business scenarios.”

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