Singapore, March 25 2024 - Cobo, a leading provider of digital asset custody solutions, has announced its chain support for XDC network, an EVM layer 1 blockchain designed to support institutional use in trade finance and tokenization. Cobo is set to enhance the XDC ecosystem by offering essential secure storage as well as deposit and withdrawal services for the native token, XDC, expanding its already impressive list of supported tokens and chains.
As a market leader in secure wallet technology, Cobo offers unparalleled support of more than 2,500+ tokens across 80+ chains. With its exceptional expertise, Cobo is well-positioned to meet the diverse needs of the expanding XDC network community. This support is instrumental in realizing XDC's objective of executing swift, safe, and secure cross-border transactions, thereby bridging the efficiency gap in trade finance.
In our collaboration, Cobo recognizes the critical importance of a highly reliable and scalable wallet infrastructure in establishing a robust foundation and ensuring the security of the blockchain network for all XDC users.
About Cobo
Cobo is a globally trusted leader in digital asset custody solutions. As the world’s first omni-custody platform, Cobo offers the complete spectrum of solutions from custodial wallets to non-custodial wallets including MPC and smart contract wallets, as well as Wallet-as-a-Service, a DeFi management platform (Argus), and an off-exchange settlement network (SuperLoop). Trusted by over 500 institutions with billions in assets under custody, Cobo inspires confidence in digital asset ownership by enabling safe and efficient management of digital assets and interactions with Web 3.0. Cobo is ISO27001 certified, SOC2 Type 1 and Type 2-compliance-certified, and licensed in 4 jurisdictions.
For more information, please visit www.cobo.com.
About XinFin's XDC Network
The XDC Network—created by XinFin—is a global, open-source, delegated proof of stake consensus network (XDPoS), which enables hybrid relay bridges, instant block finality and interoperability with ISO 20022 financial messaging standards. The network's hybrid architecture is designed to support institutional use in trade finance and tokenization and is equipped to reduce the existing finance gap in global infrastructure. With interoperable smart contracts, 2,000 transactions per-second, and Ethereum Virtual Machine compatibility, the XDC Network provides a scalable infrastructure for enterprises and independent community contributors.
For more information about XinFin and the XDC Network, please visit www.xinfin.org.