Cobo Custody officially announced that it has completed the access to the Aurora protocol. Both Cobo Wallet and Cobo Custody under Cobo have supported Aurora, providing support for the Aurora ecosystem. In this powerful alliance, the two parties will carry out extensive cooperation in the fields of ecology, community construction, and market expansion in the future. All Cobo Custody cooperative customers can connect with zero thresholds without additional development.
Aurora is an Ethereum Virtual Machine (EVM) built on the NEAR protocol, which provides developers with a solution to deploy their applications on an Ethereum-compatible, high-throughput, scalable, and future-proof platform, And provide users with lower transaction costs. In addition to EVM, Aurora has developed the Rainbow Bridge, which allows users to transfer assets between Ethereum, NEAR, and Aurora. Aurora is backed by top VCs including Pantera Capital, Electric Capital, Dragonfly Capital, Three Arrows Capital and Alameda Research.
Thanks to Aurora's EVM, Ethereum-native applications can be seamlessly ported to Near's L2-like network built as smart contracts on NEAR. Developers will likely appreciate the familiar Ethereum tools when using their Solidity smart contracts on Aurora. Aurora's base token is ETH, which provides a smooth experience for users of dapps.
Danny Bocanegra, head of global business development at Aurora, said: "We are delighted to bring Aurora/NEAR to Cobo's institutional customers and introduce them to one of the most advanced technology platforms in the world. Our goal is to use Cobo as a safe and secure product On the basis of , provide institutions with more access to top-level projects and opportunities.”
" On the one hand, this cooperation will bring more convenience and more choices of ecological services to Cobo's customers, and at the same time, Cobo will also look for potential projects in the Aurora ecosystem to invest in, so as to achieve multilateral win-win" Cobo Financial VP Alex Zuo said.
Cobo is the largest institutional custody and asset management platform in the Asia-Pacific region. The team is headquartered in Singapore and has offices in the United States, Hong Kong and other places around the world. It was co-founded in November 2017 by Shenyu (Mao Shixing), the founder of F2Pool, and Jiang Changhao, a former senior scientist at Facebook. Accumulated services covering mining pools, mining farms, cloud computing power, project parties, high net worth users, family offices, cryptocurrency funds, traditional financial institutions and secondary market trading teams, etc., more than 300+ industry top institutional clients . The transaction and management amount exceeds 100 billion US dollars, and the diversified and low-risk financial products provided by the platform have accumulated hundreds of millions of US dollars in profits for customers.
Cobo faces different usage scenarios and provides WaaS, DaaS, StaaS, Trading, DeFi, Banking, asset management value-added services and other services for various types of customers. Capital value-added services can be customized and can be flexibly matched with different products according to risk preferences; asset custody services apply the hot-warm-cold wallet technology with the highest security level in the market, which can realize multi-signature co-management, and provide multi-faceted support for transactions and complex underlying technologies , through the rich API interface provided by Cobo, you can access 60+ public chains and 1600+ tokens with one click, saving customers more than 80% of the wallet development technology cost and more than 95% of the time cost, meeting highly specialized compliance Institutional Requirements.