Matrixport’s Cactus Custody Rolls Out Institutional Custody Service for NFTs

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Matrix­port, a dig­i­tal assets finan­cial ser­vices ecosys­tem, announced the launch of Warm and Cold cus­tody ser­vices for Non-Fun­gi­ble Tokens (NFTs) via its third-par­ty insti­tu­tion­al cus­tody ser­vice, Cac­tus Custody™.

This lat­est NFT asset man­age­ment offer­ing pro­vides insti­tu­tions the abil­i­ty to safe­ly store and man­age their NFT and cryp­to assets in one place.

Embed­ded with enhanced risk man­age­ment fea­tures, the Cac­tus Cus­tody™ NFT asset man­age­ment offer­ing enables insti­tu­tions to cus­tomise user access con­trols and whitelist­ing of decen­tralised appli­ca­tion (dApp) smart contracts.

Only approved NFT mar­ket­places, DeFi, Game­Fi, Social­Fi and Web3 pro­to­cols will be per­mit­ted to inter­act with the wal­lets on the plat­form. This effec­tive­ly reduces the sus­cep­ti­bil­i­ty of the wal­lets to poten­tial fraud, hacks or phish­ing attacks.

The NFT Warm and Cold stor­age solu­tions aim to pro­vide users with the opti­mum com­bi­na­tion of secu­ri­ty, scal­a­bil­i­ty and accessibility.

The warm stor­age solu­tion allows for the cre­ation of mul­ti­ple busi­ness lines for asset seg­re­ga­tion, seam­less inter­ac­tions with var­i­ous NFT mar­ket­places via Cac­tus Cus­tody™ Defi Con­nec­tor, and the avail­abil­i­ty of pro­pri­etary bank-grade vaults to safe­guard pri­vate keys.

As an added lev­el of secu­ri­ty, the cold stor­age solu­tion utilis­es a mul­ti-sig mech­a­nism where pri­vate keys are stored offline in mul­ti­ple bank-grade vaults locat­ed in 4 coun­tries across 3 continents.

Cac­tus Cus­tody™ is the third-par­ty insti­tu­tion­al cus­tody ser­vice pro­vid­ed by Matrix­port for min­ers, funds, projects and cor­po­ra­tions under custody.

The NFT asset man­age­ment ser­vice is now avail­able on the Cac­tus Cus­tody™ platform.

Cynthia Wu

Cyn­thia Wu

Cyn­thia Wu, COO, Matrix­port said,

“Matrix­port con­tin­ues to evolve its offer­ings in-line with mar­ket needs. As use cas­es for NFTs expand and mature, investors are seek­ing out best-in-class pro­tec­tion for these valu­able dig­i­tal assets against mali­cious actors.

 

Cac­tus Cus­tody™ is step­ping up with the infra­struc­ture and tools to pro­vide our clients with peace of mind.”

 

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