EMURGO Group, an international blockchain technology firm known for advancing the adoption of the Cardano blockchain within the Web3 ecosystem, has strategically partnered with Cactus Custody, the institutional custodian branch of Matrixport. This collaboration aims to introduce licensed, institutional-grade custody services for conventional assets on the Cardano blockchain, benefiting the expanding community of Web3 developers, decentralized application (dApp) users, and businesses.

Cactus Custody, equipped with a SOC-2 certificate and licensed by the Trust and Company Service Providers Unit in Hong Kong, currently safeguards digital assets across more than thirty blockchains, serving over 300 institutional clients.

Ken Kodama, CEO of EMURGO, noted the continuous growth of the Cardano ecosystem, with an increasing number of conventional tokens being issued alongside community expansion. He believes that partnering with Cactus Custody will provide businesses with institutional-level custodial services to safeguard their Cardano conventional assets effectively.

Wendy Jiang, Head of Cactus Custody, highlighted how the collaboration will bolster the robustness of the Cardano ecosystem by offering institutional-grade custody services that are interoperable and adaptable to evolving requirements.

Cardano's framework supports conventional assets and multi-asset backing, enabling seamless transactions without the need for smart contracts. This feature reduces user fees and simplifies the development process for Cardano developers. Additionally, Cardano has been instrumental in creating 8.93 million conventional tokens, according to data from Santiment.

Cactus Custody employs advanced HSM cryptography to mitigate security risks, ensuring safe custody for Cardano's traditional assets through its partnership with EMURGO.

EMURGO, headquartered in Singapore, is an international blockchain technology firm and the creator of the Cardano blockchain. The company fosters Cardano's Web3 ecosystem through education, investment, and framework development.

Established in 2019, Cactus Custody is the institutional custodian branch of Matrixport, a leading global digital asset financial services ecosystem. The company focuses on providing secure, transparent, and efficient institutional custody solutions.