Ecosystem Proposal: Cobo Custody Integration Institutional Users

Summary Proposal

Cobo 3 is a trusted leader in digital asset custody and wallet infrastructure solutions. Founded in 2017 by blockchain pioneers including Discus Fish, Cobo is trusted by more than 500 organizations worldwide, safeguarding billions of dollars in assets with a zero-incident security track record.

Today, Cobo provides the industry’s only unified digital asset wallet platform that integrates all 4 wallet technologies in one place – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. By combining a comprehensive suite of wallet solutions with advanced risk controls and developer tools, Cobo empowers organizations and developers to innovate and scale with ease.

In response to increased demand from Cobo’s clients, we propose integrating Metis Chain into our unified custody platform, Cobo Portal. This integration will allow our users to access the Metis Chain and its DeFi protocols for on-chain interactions through our secure MPC solution.

Value Proposition

By integrating Metis Chain into Cobo Portal, we offer over 500 institutional clients access to buy native tokens on Metis and engage with the broader Metis ecosystem protocols, which can enhance liquidity in its DeFi projects. In addition, we provide secure custodial wallet and MPC wallet solutions, enabling participants in the Metis ecosystem to manage their assets confidently.

Uniqueness Factor

• Institutional-Grade Security: Cobo provides top-tier security for digital assets through its multi-signature cold storage and MPC (Multi-Party Computation) technology
• DeFi Integration: Cobo facilitates access to DeFi projects by providing liquidity support, and automated trading strategies, and co-marketing initiatives, enhancing the overall ecosystem’s growth and sustainability.

Benefits for Users

• Access to Institutional-Grade Custody: Metis users are able to leverage Cobo’s full suite of custody solutions to securely manage digital assets.
• Comprehensive Asset Coverage: Access 80+ chains and 3,000+ tokens in a single platform.
• Wallet-as-a-Service APIs: Access a full stack wallet infrastructure which includes custodial wallets, MPC wallets, smart contract wallets and exchange wallets.
• Tri-party Key Management for Major TVL Providers: Cobo MPC Wallets allow for joint management of assets to ensure that no one party can unilaterally move user funds.
• Flexible Risk Control: Granular control over assigning roles, customizing transaction and governance policies, and approval workflows.

Benefits for the Metis Ecosystem

• Increased Institutional Adoption: Facilitate top-tier institutional clients to participate in DeFi protocols within Metis ecosystem through our MPC solution such as staking, liquidity provision etc.
• Enhanced Security for Institutional Clients: Institutional-grade custody solutions utilizing multi-signature cold storage and MPC technology to provide robust protection against hacks and unauthorized access against institutions.
• Strategic Partnerships and Network: Access to Cobo’s extensive partnerships with leading centralized exchanges, staking pools (f2pool and stake.fish), and APAC-centric institutions and venture capital firms.
• Comprehensive Asset Management: Cobo offers holistic asset management solutions covering custody, trading, and staking.

Fees

• To complete the chain integration, there is a one-time integration fee of 50,000 USDT.

Security & Audits

• Cobo Attains SOC 2 Type II Certification for Enhanced Security Standards

Official Links:

• Website: https://www.cobo.com/
• Twitter: x.com
• LinkedIn: Cobo | LinkedIn