Onchain Custodian – a Singapore-based digital assets custody service provider – has partnered with Wowoo Exchange to provide a secure, compliant solution for the storage of digital assets.
The news was shared with Coin Rivet in a press release. The team at Wowoo Exchange – which is set to launch next month – is building a platform that focuses on meeting global compliance regulations and providing high levels of security for customers.
Onchain Custodian offers a global, standardised, and compliant custody service for the safekeeping of institutional digital asset investment with “incomparable” user experience.
Willie Chang, CEO of the Wowoo Exchange, commented: “The partnership with Onchain Custodian supports our vision of building a highly-secure exchange where our clients can buy, sell, and trade cryptocurrencies with confidence.
“We are excited to work with experts from Onchain Custodian to manage and protect our customers’ digital assets.”
Onchain Custodian is backed by Fosun, DHVC, and Sequoia Capital – the US-based venture capital firm which has previously backed companies that now control $1.4 trillion of combined stock market value, including Apple, Google, Oracle, and PayPal.
Last month, Onchain Custodian announced the onboarding of a series of major clients, including Ontology Foundation, Tembusu Partners, Timestamp Capital, and many others.
Alexandre Kech, CEO of Onchain Custodian, is pleased to have added Wowoo Exchange to that list, stating: “We are honoured to have been selected by the Wowoo Exchange as its third-party custodian.
“We are looking forward to growing our respective business together while delivering two critical pieces of infrastructure to investors in Asia Pacific and beyond – a compliant exchange with a secure custody solution.”
Interested in reading more custody-related stories? Discover more about Bakkt’s acquisition of Digital Asset Custody Company (DACC).