Cobo Custody and Cobo Wallet officially announces that it has integrated the Cronos chain with its ecosystem of over 300 dApps and partners. With this new partnership, Cobo powers Cronos’s technological capabilities through its Wallet and Custody service and aids in its growth and expansion, which will result in cross-platform connectedness and community building.
Cronos is the first EVM-compatible layer 1 blockchain network built on the Cosmos SDK, and is supported by Crypto.com, Crypto.org and more than 300 Web3 applications and partners. Cronos’ mission is to make it easier and safer for the next billion crypto users to adopt Web3, focusing on DeFi and GameFi.
Cronos has already skyrocketed to the top 7 position among all chains in terms of total value locked (TVL) and is currently being used by over 900,000 users, with an additional growing rate at 20% per month. Cronos is powered by $CRO (Cronos cryptocurrency), which runs an ecosystem of more than 50 million users worldwide.
Cronos is supported by Cronos Labs, which provides ecosystem grants, web3 start-up accelerator programs, and is an incubator of the Cronos chain.
Ella Qiang, VP of Ecosystem & Partnerships at Cronos Labs said that：“The Cronos integration of Cobo Custody and Cobo Wallet brings additional security to the institutional and retail users of the Cronos ecosystem. We are excited to introduce the top DeFi, gaming and Web3 projects and tokens in the Cronos ecosystem to Cobo’s institutional clients and retail users, leveraging Cobo’s secure and leading custody services and asset management solutions.”
Alex Zuo, Cobo Finance Vice President said that “We are pleased to announce our partnership with Cronos and we are optimistic about the growth of Cronos’s public chain and the projects that rely on it. Additionally, this collaboration provides our institutional hosting customers with easier access to Cronos ecosystem.”
Cobo is Asia Pacific’s largest digital asset custodian and blockchain technology provider, based in Singapore. Trusted by over 300 institutions and HNWIs to grow and protect their crypto assets, the company focuses on building scalable infrastructure and powering the Web 3.0 revolution around the world. Its proprietary DeFi asset management services crossed the 1.5B AuM mark and achieved a unique risk to reward profile that rivals top hedge funds - without over-exposure to headwinds.
As a strong blockchain and DeFi infrastructure builder, Cobo provides Software-as-a-Service products such as WaaS (wallet), Argus (DeFi), MaaS (NFT Minting) and StaaS (Staking). Amongst other projects, Cobo’s incubator arm also enriches the DeFi ecosystem through its investments in early stage innovative and promising DeFi projects. Its respected security team also features regularly in crypto communities for its contribution towards protecting the crypto ecosystem and patching the vulnerabilities in protocols.
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August 29, 2022