We are delighted to announce that Bybit, a leading global cryptocurrency exchange, has joined forces with Cactus Custody, integrating our innovative off-exchange settlement solution, Cactus Oasis. This partnership significantly enhances asset security, capital efficiency, and risk management capabilities for institutional investors.
Resolving Key Institutional Trading Challenges
Institutional clients trading digital assets often face significant operational challenges, including counterparty risks and inefficiencies caused by pre-funded exchange accounts. Cactus Oasis effectively addresses these issues by offering an independent custody solution that securely holds assets until trades are settled. This eliminates the need for pre-funded accounts, significantly enhancing capital efficiency and reducing exposure to counterparty risk.
How Cactus Oasis Enhances Trading Operations
Cactus Oasis provides the following essential features tailored explicitly for institutional investors:
- Unified Cross-Exchange Custody: Buffer accounts enable centralized custody management across multiple exchanges, simplifying asset transfers and liquidity management.
- Robust Risk Controls: Customizable dual authorization and pre-approval workflows provide comprehensive security while ensuring operational flexibility.
- Comprehensive Compliance: Strict adherence to institutional-grade KYC, KYB, and KYT standards, supported by role-based access controls and multi-level permissions, ensuring full regulatory compliance.
- Efficient Capital Utilization: By eliminating pre-funded exchange accounts, Cactus Oasis optimizes asset use, increasing operational flexibility and market responsiveness.
Cactus Oasis Off-Exchange Settlement Solution Operational Process
Unwavering Commitment to Security and Compliance
Cactus Custody operates under stringent regulatory oversight, holding Hong Kong Trust Company and TCSP licenses regulated by the Hong Kong Monetary Authority. Our secure custody infrastructure leverages a tiered hot and cold wallet system with advanced HSM encryption and institutional-grade cold storage, validated by SOC 2 Type 1 and Type 2 audits conducted by Deloitte.
Industry Leaders on the Partnership
Wendy Jiang, General Manager of Cactus Custody, stated: “Our partnership with Bybit represents a significant advancement in institutional digital asset trading infrastructure. By integrating Cactus Oasis, institutions can now trade securely and efficiently, with significantly improved risk management and capital optimization.”
Shunyet Jan, Head of Institutional and Derivatives at Bybit, added: “We are committed to providing our institutional clients with secure, efficient, and flexible trading solutions. Integrating Cactus Oasis enhances our offering, enabling institutions to manage liquidity more effectively without sacrificing asset security.”
Next Steps
This strategic partnership underscores our ongoing commitment to innovation and institutional support. Cactus Custody will continue to expand the connectivity and capabilities of Cactus Oasis, aligning with the dynamic requirements of institutional traders.
For further information, please visit our Cactus Oasis product page.
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume. It offers advanced trading infrastructure with a focus on security and compliance and is trusted by both institutional and retail investors worldwide.
More information: www.bybit.com
About Cactus Custody
Cactus Custody, a regulated digital asset custodian and a subsidiary of Matrixport Group, serves over 300 global institutions. It offers secure custody, DeFi access, and OTC settlement services, continuously managing assets worth several billions of dollars.
Its infrastructure features a tiered hot and cold wallet system with advanced HSM encryption and institutional-grade cold storage. Committed to strict compliance, Cactus Custody ensures institutional-grade security and drives innovation for trusted digital asset management.
More information: www.mycactus.com