Cactus Custody Achieves Significant Growth and Innovation in 2024
Performance Highlights
Cactus Custody, a leading digital asset custody provider, has released its 2024 annual performance report, showcasing significant growth and innovation in the Web3 sector. The company’s focus on security and compliance has yielded impressive results, with notable achievements including:
* 177 new institutional clients, expanding its customer base * $4 billion in assets under custody (AUC), a substantial increase * Support for 56 blockchains and 173 tokens, including EVM and non-EVM networks * 14 new DeFi connectors, including the Bitcoin ecosystem * 150 million daily transactions, enhancing processing capacity * Launch of Oasis OTC Settlement, improving settlement services * SOC 2 Type II certification, partnering with Deloitte to build trust * $147 million in BTC staked through the Babylon Cap2 initiative * Recognition as Custodian of the Year at the Hedgeweek Asia-Pacific Awards
Strategic Partnerships
In 2024, Cactus Custody formed partnerships with leading companies to strengthen the ecosystem, including:
* Elven: Enhancing digital asset auditing * Blocknative: Improving real-time insights and MEV protection * Tenderly: Increasing on-chain visibility * Victory Securities: Establishing an institutional-grade custody bridge * InvestaX: Promoting real-world asset tokenization (RWA) * RedotPay: Boosting payment settlement efficiency and compliance
DeFi Innovations
Cactus Custody advanced in DeFi by collaborating with CoreDAO for a Layer-1 solution combining Bitcoin’s resilience with Ethereum’s flexibility. The company also streamlined BTC staking through Cactus Link and enhanced network security and interoperability as an exSat mainnet validator. Partnerships with CKB and Meson Finance introduced ccBTC custody, ensuring a 1:1 Bitcoin reserve and optimizing idle BTC usage.
Trust and Compliance
A partnership with View was established to offer top-tier trust services for high-net-worth investors and family offices, reinforcing compliance and security frameworks. This alliance solidified Cactus Custody’s reputation as a reliable digital asset custodian.
Service and Technology Expansion
Innovation in off-exchange settlements was led by collaboration with Bitget, protecting funds in Oasis buffer accounts and enabling automatic settlements. Support was extended to 56 public blockchains and 173 tokens, including EVM and non-EVM networks. New BTC Ordinals connectors and rare-Satoshi extraction technology were introduced, enabling direct BTC staking to DeFi, optimizing gas fees, and simplifying transactions.
Honors and Certifications
Cactus Custody was honored with several awards and certifications in 2024, including:
* Hedgeweek Asia-Pacific Custodian of the Year * ISO 27001, 27701, and 9001 certifications, demonstrating expertise in information security, data protection, and quality management * SOC 2 Type 2 audit completed with Deloitte, reinforcing trustworthiness * MAS Temporary Exemption, continuing provision of digital payment token custody services in Singapore
Looking Ahead to 2025
Cactus Custody remains committed to its “Security First, Integrity Always” approach and plans to launch advanced technologies, form new strategic partnerships, and attract more institutional clients in 2025. The company extends gratitude to its partners for their support and anticipates continued growth and innovation in the digital asset industry.
About Cactus Custody
Cactus Custody is a premier digital asset custody provider offering secure, compliant, and efficient asset management solutions for global institutional clients. Leveraging advanced technology and extensive industry expertise, Cactus Custody drives the development and innovation of the Web3 ecosystem.
Contact
Marketing/PR Team, Cactus Custody (email: [marketing@cactus.custody](mailto:marketing@cactus.custody))
Source: Crypto-economy.com
#Cryptocurrency #DeFi #Altcoin #Web3
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