Singapore, 27 October 2023 – Cobo, a globally trusted leader in digital asset custody technologies, is the exclusive Web3 wallet partner for Cyberport Venture Capital Forum (CVCF). This partnership represents a joint effort between Cobo and Cyberport in advancing the Web3 ecosystem and supporting innovative projects in the blockchain and digital assets space.
Cyberport, wholly owned by the Hong Kong SAR Government, is the city’s digital technology flagship with a vibrant community of more than 1,900 enterprises. Over the past year alone, Cyberport has attracted over 150 Web3 and crypto firms, including industry leaders such as Hashkey Group, Animoca Brands, Consensys, MetaMask, among others. This cements Cyberport’s position as the driving force behind Hong Kong’s flourishing digital asset ecosystem.
Themed "Venture Forward: Game Changing through Innovation,” CVCF 2023 brings together leading venture capitalists, innovators, and entrepreneurs to connect and collaborate, and share fresh perspectives on the boundless potential of Web3, and emerging technologies.
As the Web3 wallet partner, Cobo will provide exclusive benefits to Cyberport’s portfolio companies as well as CVCF’s esteemed participants to bolster their growth with secure Web3 infrastructure, expert technical advice, and access to Cobo's industry network. The benefits are centered around three key areas:
- Wallet Technology for Unparalleled Security and Scalability:
One of the key challenges facing Web3 companies and teams lies in creating a secure, scalable wallet infrastructure to safeguard both their own and/or their users’ digital assets. To address this, Cobo will offer Cyberport’s portfolio companies and community members a complimentary 6-month subscription to Cobo MPC Lite – an enterprise-grade MPC self-custody solution tailored for growing teams.
Additionally, users will directly benefit from Cobo’s Wallet-as-a-Service, which offers a comprehensive suite of APIs and SDKs for an effortless integration of a customizable wallet infrastructure into their existing applications and systems. This eliminates the need for them to build a wallet infrastructure from scratch and maintain it, which is both time-consuming and costly, enabling them to focus on their core business.
- Expert Technical Advice on Wallet Architecture:
Navigating the ever-changing Web3 landscape, from regulations, security threats, to new technologies can be daunting. Cobo will draw upon its extensive industry experience to provide technical advisory to the portfolio companies and community members, offering expert insights on wallet architecture, design and implementation, as well as security best practices and product innovations.
- Network Expansion and Market Reach:
By leveraging Cobo’s network, the portfolio companies will gain access to a broader Web3 ecosystem and industry partners, fostering connections vital for business expansion. They will also receive exclusive invitations to Web3 events hosted by Cobo and other esteemed partners.
Cobo MPC Lite, an enterprise-grade self-custody solution designed specifically by Cobo for growing teams, has also received strategic funding from the Cyberport Incubation Program. This strategic funding aims to propel the wider adoption of MPC custody, both in Hong Kong and worldwide, bolstering the security of digital assets for the broader ecosystem.
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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 SOC2 Type 1 and Type 2-compliance-certified and licensed in 5 jurisdictions.
For more information, please visit www.cobo.com.
Cyberport is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,000 members including over 900 onsite and close to 1,100 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry development by promoting strategic collaboration with local and international partners, and integrating new and traditional economies by accelerating digital transformation in public and private sectors.