COTI Chooses Ceffu as Its Custody Partner
We are pleased to announce that COTI has chosen Ceffu to safeguard its digital assets. COTI’s assets will be secured with the highest possible standards using Ceffu's institutional-grade cold storage solutions.
Ceffu’s cold storage solution features:
Secure and offline Multi-Party Computation (MPC)
Key shares kept on air-gapped Hardware Security Modules (HSMs)
Customizable multi-party approval scheme
Unique deposit addresses for each client
Cold storage solutions are widely-regarded as significantly more secure than hot storage since they are offline and not connected to the internet, therefore making unauthorized access difficult. For some institutions, keeping their assets offline can mean missing out on investment and liquidity opportunities.
Ceffu’s Binance Mirror product enables clients to receive a 1:1 credit of their assets in cold storage for use with the full suite of products and services on the Binance exchange. This ensures assets are securely protected in cold storage while also enabling clients to access liquidity for trading. Further, the Cold Convert feature aims to provide institutions with a one-stop digital asset solution allowing them to simultaneously secure and utilize their assets more efficiently. By choosing Ceffu, COTI can now use Cold Convert to trade directly from their cold vault and customize their slippage tolerance without compromising on security.
Shahaf Bar-Geffen, COTI CEO, said: “As part of our strategic long-term partnership with Binance, we are glad to integrate Ceffu to ensure that our digital assets are safely stored with an institutional-grade virtual asset custody platform. We are proud to be one of the early adopters to secure their digital assets on Ceffu’s platform, and look forward to exploring additional collaboration opportunities with the wider Binance ecosystem.”
About COTI
COTI is a DAG-based layer 1, specifically designed for enterprises. COTI meets the challenges of both centralized finance (fees, latency, global inclusion and risk) and decentralized finance (fees, clogging and complexity) by introducing a new type of DAG-based base protocol and infrastructure that is scalable, fast, private, inclusive, low cost and optimized for finance.
To learn more about COTI:
On Website: https://coti.io/
On Twitter: @COTInetwork
About Ceffu
Ceffu is a compliant, institutional-grade custody platform offering custody and liquidity solutions. Its multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their digital assets through its insured, segregated cold storage solution, Qualified Wallet. Institutions also benefit from Ceffu’s secure gateway to a wide range of liquidity products within the Binance ecosystem as Binance’s institutional custody partner.
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