Cactus Custody and Batoshi Foundation Collaboration
Cactus Custody, affiliated with the Matrixport Group and known for its reliable digital asset management services, has initiated a significant collaboration with the Batoshi Foundation. The Batoshi Foundation is recognized for its support of ecological projects, specifically those linked to the Bitcoin-native protocol, TerpLayer, as well as being responsible for the issuance and management of beraBTC.
Custody Solutions for Batoshi Foundation
Under the terms of this partnership, Cactus Custody has committed to offering institutional-grade custody solutions for the Batoshi Foundation. This relationship ensures that Bitcoin utilized by users to mint beraBTC on Berachain will be securely stored by Cactus Custody. The custody solutions provided will guarantee that users’ funds are not only verifiable and traceable but also redeemable, enhancing the security and reliability of the assets involved.
Commitment to Compliance and Security
Moreover, Cactus Custody boasts international credibility, having achieved SOC 1 Type 1 and SOC 2 Type 2 certifications, which were independently verified by Deloitte. This reflects their commitment to compliance and transparency in asset custody, employing advanced security measures like multi-signature protocols, the allocation of hot and cold wallets, and the utilization of hardware security modules (HSM) to address the rigorous risk management needs of institutional clients.
Current Asset Management
Currently, Cactus Custody oversees assets exceeding $1 billion and caters to a diverse clientele that encompasses mining entities, decentralized finance (DeFi) platforms, asset management firms, among other participants in the digital asset landscape.
