Digital asset custodian and blockchain infrastructure provider Cobo has partnered with digital asset protection company Coincover to strengthen its security capabilities.
The collaboration also allows Coincover to expand into APAC through Cobo’s strong position in the region.
Coincover provides transaction protection and disaster recovery services around hacking, downtime and human error-related losses. As a secure third-party, Coincover’s technology will allow Cobo’s clients to regain access to their digital asset wallets if their private keys are not independently backed up.
Changhao Jiang, co-founder and chief technology officer at Cobo, says: “We are taking digital asset infrastructure to the next level, which means we also need to provide our clients with the best protection standard. Coincover’s technology adds an essential layer of security in protecting our customer’s digital assets.
“We are the first major infrastructure provider in Asia to partner with Coincover, meaning we are ahead of the curve on protection and are uniquely positioned to provide the most secure crypto wallets to financial institutions across Asia and beyond.”
Oliver Cummings, strategy and partnerships director at Coincover, comments: “This marks a significant expansion of our technology into Asia.
It’s gradually becoming essential for crypto firms all over the world to have disaster recovery technology or they risk giving their competitors an edge. To succeed in our mission to make crypto as safe as possible, we must build our presence in Asia, which has a booming crypto market.”
