Cactus Custody Achieves Significant Growth and Innovation in 2024

Performance Highlights

Cactus Custody, a leading digital asset custody provider, has released its 2024 annual performance report, showcasing significant growth and innovation in the Web3 sector. The company’s focus on security and compliance has yielded impressive results, with notable achievements including:

* 177 new institutional clients, expanding its customer base
* $4 billion in assets under custody (AUC), a substantial increase
* Support for 56 blockchains and 173 tokens, including EVM and non-EVM networks
* 14 new DeFi connectors, including the Bitcoin ecosystem
* 150 million daily transactions, enhancing processing capacity
* Launch of Oasis OTC Settlement, improving settlement services
* SOC 2 Type II certification, partnering with Deloitte to build trust
* $147 million in BTC staked through the Babylon Cap2 initiative
* Recognition as Custodian of the Year at the Hedgeweek Asia-Pacific Awards

Strategic Partnerships

In 2024, Cactus Custody formed partnerships with leading companies to strengthen the ecosystem, including:

* Elven: Enhanced digital asset auditing
* Blocknative: Improved real-time insights and MEV protection
* Tenderly: Increased on-chain visibility
* Victory Securities: Established institutional-grade custody bridge
* InvestaX: Promoted real-world asset tokenization (RWA)
* RedotPay: Boosted payment settlement efficiency and compliance

DeFi Innovations

Cactus Custody advanced in DeFi by collaborating with CoreDAO for a Layer-1 solution combining Bitcoin’s resilience with Ethereum’s flexibility. The company also streamlined BTC staking through Cactus Link and enhanced network security and interoperability as an exSat mainnet validator. 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 View was established to offer top-tier trust services for high-net-worth investors and family offices, reinforcing compliance and security frameworks. This alliance 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, protecting funds in Oasis buffer accounts and enabling automatic settlements. Support was extended to 56 public blockchains and 173 tokens, including 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.

Honors and Certifications

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

* Hedgeweek Asia-Pacific Custodian of the Year
* ISO 27001, 27701, and 9001 certifications, demonstrating expertise in information security, data protection, and quality management
* SOC 2 Type 2 audit completed with Deloitte, reinforcing trustworthiness
* MAS Temporary Exemption, continuing provision of digital payment token custody services in Singapore

Looking Ahead to 2025

Cactus Custody remains committed to “Security First, Integrity Always” and plans for 2025 include launching advanced technologies, forming new strategic partnerships, and attracting more institutional clients. The company extends gratitude to all partners for their support and anticipates continued 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

Marketing/PR Team
Cactus Custody
[email protected]

Source: Crypto-news.net

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