Cactus Custody 2024: A Year of Gratitude and Growth

Article Source: Cactus Custody

The Web3 landscape continues to evolve, and 2024 was no exception. It brought a whirlwind of innovations, partnerships, and unexpected opportunities—all made possible by the unwavering support of our community. At Cactus Custody, our focus on secure and compliant digital asset solutions drove our initiatives, strengthening trust in an everchanging ecosystem. As the year draws to a close, we take a moment to reflect and express our gratitude for this remarkable journey.

Key Milestones Propelling Our Growth

·177 institutional clients  

·US$4 billion in assets under custody (AUC)  

·56 blockchains integrated  

·Supports DeFi connectors on 14 chains, including the Bitcoin ecosystem  

·Processes over 150 million transactions daily  

·Launched Oasis, an offexchange settlement solution  

·SOC 2 Type 2 certification completed with Deloitte  

·US$147 million BTC staked via Babylon Cap2 (1 BTC = US$96,028)  

·Named APAC Custodian of the Year by Hedgeweek

The above list is not in any particular order

Strengthening the Ecosystem Through Strategic Alliances

Building meaningful relationships was a cornerstone of 2024. Our collaboration with Elven enhanced digital asset auditing capabilities, setting new benchmarks for precision and transparency. Partnering with Blocknative added robust MEV protection and realtime insights, significantly improving transactional reliability. The integration of Tenderly further advanced our onchain visibility, enabling us to monitor and optimize blockchain activities more effectively. Meanwhile, our partnership with Victory Securities unlocked institutionalgrade asset custody, catering to the unique needs of professional investors.

Additionally, our work with InvestaX accelerated the tokenization of realworld assets, broadening market access and creating new opportunities for financial inclusion. In a separate initiative, our collaboration with RedotPay focused on streamlining settlements and compliance and advancing the usability and reliability of payment infrastructure.

In the decentralized finance space, we partnered with CoreDAO to support a Layer1 solution that combines Bitcoin’s resilience with Ethereum’s flexibility. Our commitment to innovation extended to staking initiatives, as evidenced by US$147 million BTC staked through Babylon Cap2, leveraging Cactus Link to simplify custody and staking operations.

As a validator on exSat’s mainnet, we fortified a secure and interoperable Bitcoin network. Further, collaborations with CKB and Meson Finance introduced digital custody solutions for ccBTC, ensuring a 1:1 Bitcoin reserve while maximizing the utility of idle BTC. These partnerships and initiatives underscore our commitment to fostering a secure, dynamic, and interconnected ecosystem for digital assets.

Elevating Trust in Digital Currencies with Vistra

Our partnership with Vistra expanded trust services for digital currencies, providing highnetworth individuals and family offices with reliable asset management solutions. This collaboration bolstered our compliance framework while addressing critical needs like asset inheritance and protection. Together, we ensure longterm security and growth for our clients’ investments.

Expanding Services to Deliver Unparalleled Solutions

Oasis remained central to our mission, offering premium fund custody and offexchange settlement. Collaborating with Bitget, we safeguarded funds in dedicated Oasis Buffer accounts and automated trade settlements, reducing counterparty risk while upholding stringent compliance.

We extended our reach by integrating 56 public blockchains and 173 tokens, including EVM and nonEVM networks. Innovations like BTC Ordinals connectors and technology for extracting rare satoshis enabled direct BTC staking in DeFi. Additionally, our smart contract batch transfer feature on select networks optimized gas fees and streamlined transactions, and we plan to expand this capability across more platforms.

Upholding Security and Compliance

Security remains our cornerstone. Receiving the APAC Custodian of the Year award from Hedgeweek highlighted our commitment to excellence. Our ISO 27001, 27701, and 9001 certifications affirm our systematic security, data protection, and quality management approach. Additionally, we secured a temporary exemption from the Monetary Authority of Singapore (MAS), enabling us to continue offering digital payment token custody services. Completing the SOC 2 Type 2 audit with Deloitte further solidified our standing as a trusted custodian.

Sharing Insights at Global Events

We were privileged to share our expertise at significant industry events this year. From StakePoint 2024 by Marinade to the Digital Assets Conference in the UK, the Bitcoin Night Summit in Hong Kong, the Hubbis Investment Forum, and the Liquid Asset Summit by StakeStone, these platforms allowed us to engage in lively discussions and exchange ideas that advance digital asset adoption.

Looking Ahead to 2025

As we celebrate 2024’s milestones, we remain steadfast in making digital asset management more secure and accessible. Guided by the “Security First, Integrity Always” principle, we look forward to unveiling advanced technologies, forging new partnerships, and exploring expanded opportunities for institutional participants in 2025.  

Thank you for your trust and support—your belief in us fuels our progress. Here’s to a prosperous and innovative year ahead!

This article is a contributed content and does not represent the views of BlockBeats.