SINGAPORE, 25 September, 2023 — RockX, a trailblazer in institutional-grade staking solutions throughout Asia, has entered into a strategic partnership with Cactus Custody, the qualified institutional custodian brand of Matrixport. This partnership aims to streamline and secure the staking process for mainstream financial players, prioritizing both regulatory compliance and enhanced security. As staking becomes increasingly recognized by institutions as a viable mechanism to achieve stable yields, several hurdles such as cybersecurity threats, regulatory barriers, and token slashing risks persist. The entry of institutional custodians like Cactus Custody helps assuage these fears by providing robust security solutions.
This partnership follows a surge in Ethereum’s staking volume, catalysed by the successful implementation of the Shapella Upgrade in April — a development that has piqued institutional interest in digital assets and underscored their potential in yield generation.
Cactus Custody, holding SOC-2 certification and licences from Hong Kong’s Trust and Company Service Providers Unit and Switzerland’s Financial Market Supervisory Authority, currently safeguards billions in digital assets, across more than 30 blockchains for over 300 institutional clients. RockX, meanwhile, extends staking services for more than 20 key tokens and has recently surpassed the USD 1 billion milestone in cumulative staked assets.
The partnership between RockX and Matrixport’s Cactus Custody signifies a major milestone for institutional staking, offering a simplified, yet secure, avenue for depositing, tracking, and managing digital assets. The partnership demystifies the complicated non-custodial staking process, enabling a seamless one-click operation that further enhances ecosystem trust.
Wendy Jiang, Head of Cactus Custody, said: “RockX’s industry-leading blockchain staking solutions effectively complement our institutional grade secure asset management services, providing our institutional clientele with unparalleled yield opportunities.”
Chen Zhuling, CEO of RockX, said, “This partnership with Cactus Custody offers a secure gateway for institutions to delve into the lucrative intersection of traditional and decentralised finance. With our shared commitment to cutting-edge asset management infrastructure and robust security, we aim to facilitate a seamless transition for traditional finance players into the digital asset staking space.”
