Matrixport Launches Warm and Cold Custody Services for NFTs

Asia’s fastest-growing one-stop digital asset financial services platform, Matrixport, has announced the launch of Warm and Cold custody services for Non-Fungible Tokens (NFTs) via its third-party institutional custody service, Cactus Custody. Matrixport Launches Custody Service With Cactus Custody According to an official press release, Matrixport’s latest NFT custody services provide institutions the ability to safely store and manage their NFT and crypto assets in one place. Launched in partnership with the Cactus Custody NFT asset management, the latest offering comes with enhanced risk management features to enable institutions to customize user access controls and whitelist decentralized apps and smart contracts. Meanwhile, only approved NFT marketplaces, DeFi, GameFi, SocialFi, and Web3 protocols will be permitted to interact with the wallets on the platform. This effectively reduces the susceptibility of the wallets to potential fraud, hacks, or phishing attacks. Commenting on the development, Cynthia Wu, COO, Matrixport said: “Matrixport continues to evolve its offerings in-line with market needs. As use cases for NFTs expand and mature, investors are seeking out best-in-class protection for these valuable digital assets against malicious actors. Cactus Custody™ is stepping up with the infrastructure and tools to provide our clients with peace of mind.” Warm and Cold Custody Services Matrixport’s warm and cold custody...