Keeping up with the crypto custodians

Welcome to Token Issue! Delivered every Friday, this free newsletter breaks down the biggest stories in Asia’s crypto scene and beyond. View past issues here or sign up here to receive future newsletters.

Hi everyone,

Being a crypto enthusiast in today’s market can feel like navigating a minefield. Crypto news is rife with alarming terms like catastrophe, carnage, and crash, making it hard to maintain optimism.

The headlines are nothing short of sensational, and the accompanying analysis is often both intense and insightful. It’s no wonder that even the most die-hard crypto fans consider jumping ship from time to time.

But for those willing to weather the storms and stay the course, there may still be bright spots on the horizon. 

This week, we’re training the spotlight on crypto custodians, an emerging sector that’s primed for takeoff as regulators around the world mandate that centralized exchanges store their customer funds in third-party organizations. 

– Deepti

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🤿 THE DEEP DIVE

Cobo seeking to rebuild trust in crypto

The Singapore-based crypto custodian aims to provide customized security solutions to the Web3 community. Cobo’s latest product, Superloop, allows customers to store their funds off-exchange but still get the same user experience as they would if their funds were stashed on the platform. The funds are locked on Cobo and then mirrored on the exchange for trading – settlement is done between Cobo and the exchange, rather than directly with the customer.

SuperLoop uses Cobo’s multiparty computation (MPC) system and, like all custodian solutions, aims to help traders mitigate their risk and improve overall trust in crypto. 

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👀 ALL EYES ON…

What everyone’s talking about.

1️⃣ Coinbase fires its shots

Coinbase is making headlines again, this time by taking legal action against the US Securities and Exchange Commission. The story so far: Last year, the company filed a petition with the regulatory agency to inquire whether existing securities laws applied to the crypto industry.

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⭐ TO THE STARS

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MORE TO CHEW ON

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