Cobo Insider — Issue 04

Events & Happenings

TOKEN2049 Singapore: Key Takeaways You Might Have Missed

TOKEN2049, a recently concluded crypto industry summit in Singapore, showcased the latest innovations and trends in the Web3 space. Thousands of attendees and hundreds of side events highlighted the most promising blockchain and on-chain projects. This recap explores key learning points from Cobo's executive team, providing a glimpse into the future of cryptocurrencies.

Why choose Cobo? Hear it from our customers!

Listen to what industry leaders from Babylon Labs, Deribit, Figment, 57Blocks, and Solv Protocol have to say about how Cobo helps transform the way they secure and manage their digital assets.

Blogs

BTCFi — Unlocking the untapped potential of Bitcoin

As the largest asset by market capitalization in the blockchain ecosystem, Bitcoin has long been regarded as a store of value. However, its practical applications and yield generation capabilities have been relatively limited. These limitations stem primarily from the scalability and scripting language constraints of the Bitcoin network, which hinder its ability to support complex decentralized finance (DeFi) applications.

Lately, Babylon protocol has challenged this status quo, bringing Bitcoin's security and liquidity into the DeFi world. This opens Bitcoin up to a wide range of financial services, such as lending and trading, enhancing Bitcoin's utility, laying the foundation for the rise of BTCFi, turning BTC Into a yield-bearing asset. Learn more here.

Partnerships

Cobo Expands MPC Key Recovery Partnership with Nemean Services

We announced a partnership with Nemean Services to provide key recovery services for Cobo's MPC wallet solution, ensuring secure access to funds in case of key loss or service disruptions.

Having a trusted key recovery partner provides clients with peace of mind. They serve as a crucial safeguard in the event of unforeseen circumstances, such as a client losing access to their private keys or any unforeseen service disruption. This partnership highlights Cobo and Nemean's shared dedication to cutting-edge security, ensuring that clients can confidently manage and transact digital assets.

Cobo Extends MPC Solutions through New Integration with BOB

We are now integrated with BOB, a hybrid L2 that combines the security of Bitcoin with the versatility of Ethereum. BOB, a Bitcoin Layer 2 solution connected to both Bitcoin and Ethereum, sources liquidity from the two largest blockchain ecosystems and positions itself to be the market's top solution for DeFi mass adoption. Through its partnership with Cobo, BOB will integrate with Cobo's MPC wallet solution, providing enhanced security and functionality for projects and institutions operating on the BOB network.

Strategic Partnership Announcement: Zulu Network x Cobo

We are thrilled to announce our partnership with Zulu Network to offer Cobo’s advanced Multi-Party Computation (MPC) technology to strengthen and scale their operations within the Bitcoin ecosystem. By integrating with Cobo’s industry-leading custody and wallet infrastructure, Zulu will enhance the security and efficiency of its asset management, staking, and bridging solutions.