Cactus Custody partners with Chorus One to innovate the institutional Ethereum staking experience

Singapore, May 28, 2023 - Cactus Custody, the compliance arm of Matrixport, announced a strategic partnership with leading staking service provider Chorus One to jointly launch innovative solutions that optimize institutional customers' staking experience on the Ethereum network. This collaboration is based on compliance and aims to provide institutional investors with efficient and secure staking services.

By integrating Chorus One's ETH Vaults with Cactus Custody's multi-chain wallet extending Cactus Link, institutional clients can seamlessly access Ethereum staking products, significantly simplifying the process of obtaining ETH rewards. Cactus Link users can directly utilize Chorus One's ETH Vault solutions, including MEV Max and Obol, to enjoy a streamlined staking operation experience.

Institutional clients can choose suitable Vaults through the ETH Vaults decentralized application (dApp) to quickly initiate the staking process. Among them, MEV Max adopts Chorus One's proprietary MEV-boost fork technology, providing centralized staking services and additional rewards; while Obol integrates staking rewards, MEV earnings, and Obol token incentives. The collaboration between Cactus Custody and Chorus One ensures that all operations are securely executed within a decentralized infrastructure equipped with advanced validator technology.

Timothy Tan, Head of Sales and Partnerships at Cactus Custody, stated: "We are committed to combining institutional-grade security standards with the innovative potential of blockchain technology. This collaboration allows clients to easily access trusted stake services through Cactus Link."

Chorus One CEO Brian Crain added: "The adoption of blockchain technology by institutions has become a trend, and mature investors need staking solutions that combine robustness and ease of use."

ETH Vaults has created a reward-optimized comprehensive platform. This collaboration not only enhances the institutional service level of Cactus Custody but also sets a new benchmark for institutional and retail stake solutions in the industry. With the rapid development of the blockchain industry, both parties will continue to promote efficient and accessible financial innovation.

About Cactus Custody

Cactus Custody, founded by Wu Jihan, is a digital asset custody service provider designed specifically for institutions. It has been ISO certified, holds a Hong Kong trust company license (TC 006789), and has received a temporary exemption from the Monetary Authority of Singapore, strictly adhering to anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. Cactus Custody employs a multi-layer security architecture, providing hot and cold storage solutions for over 300 institutions, including mining companies, funds, asset management platforms, and OTC traders, managing assets totaling billions of dollars.

Cactus Link is a multi-chain wallet extension of Cactus Custody, supporting nearly 30 blockchains including Ethereum, Solana, Bitcoin, and Cosmos, compatible with the Ethereum Virtual Machine (EVM) and non-EVM chains, assisting institutions in participating in decentralized finance (DeFi). Users can stake directly through the browser plugin without the need to manage mnemonic phrases. Its built-in transaction pre-validation, multi-level approvals, hardware signature checks, and other features ensure asset security.

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Media Contact: press@mycactus.com

About Chorus One

Chorus One is a leading staking service provider, offering secure and innovative solutions for institutional and retail clients. Its ETH Vaults (including MEV Max and Obol) optimize staking yields through advanced blockchain infrastructure and are currently trusted by numerous institutions worldwide.