Cobo, a Singapore-based digital asset custody and infrastructure solutions firm, has announced the signing of two strategic Memorandums of Understanding (MoUs) with global cryptocurrency insurance-backed technology firm CoinCover and crypto-as-a-service provider Shift Markets.

These collaborations mark a major milestone in advancing security, scalability, and innovation for cryptocurrency exchanges and financial institutions worldwide, the trio said in a statement on Monday.

It is noted that as the digital asset landscape faces escalating threats, with over $2.2 billion lost to crypto hacks in 2024—and the recent $1.5 billion Bybit hack, one of the largest in history—the need for robust security solutions has never been more urgent.

Cobo’s partnership with CoinCover offers a new paradigm in asset protection.

Combining CoinCover’s disaster recovery solutions for crypto wallets with Cobo’s industry-leading custody infrastructure ensures that exchanges can operate with resilience and confidence.

Real-time threat detection, military-grade security, and protection against complex attack vectors safeguard exchanges from operational disruptions and reputational damage.

Cobo’s zero-incident track record, paired with CoinCover’s ultra-fast wallet recovery, ensures exchanges can maintain seamless operations even in volatile market conditions.

Together, Cobo and CoinCover provide the highest levels of security assurance, ensuring exchanges meet stringent regulatory standards globally.

“Cobo’s unwavering commitment to security and innovation made them the ideal partner for us,

“Their expertise in digital asset custody infrastructure, coupled with our advanced risk mitigation capabilities, creates a formidable defense against evolving threats,” said Anthony Yeung, Chief Commercial Officer at CoinCover.

Dr. Changhao Jiang, Chief Technology Officer at Cobo, said in today’s rapidly evolving digital asset environment, exchanges need more than just technology—they need trust, resilience, and a forward-thinking approach.

“Our partnership with CoinCover embodies that philosophy, delivering unparalleled protection and operational efficiency to our clients,” he added.

According to the statement, with the cryptocurrency market projected to reach $11.71 billion by 2030, exchanges must prioritize scalable and secure infrastructure.

Cobo’s collaboration with Shift Markets ensures that exchanges—regardless of size—can launch, expand, and operate with agility and security.

Shift Markets’ white-label exchange software, combined with Cobo’s custody solutions, accelerates time-to-market and provides immediate access to deep liquidity pools.

Exchanges also benefit from a robust platform supporting crypto derivatives, foreign exchange (FX) integration, and regulatory licensing across jurisdictions.

Cobo and Shift Markets also offer integrated access to essential services, including know your customer (KYC)/ know your transaction (KYT) providers, market makers, and liquidity partners.

“Cobo is widely regarded as a leader in digital asset custody, making them a perfect partner for our exchange solutions,

“Their expertise in digital asset custody ensures our clients can scale operations without compromising on safety or efficiency,” said Matt Miller, Co-Founder at Shift Markets.

Discus Fish, Chief Executive Officer at Cobo, added that the partnership with Shift Markets underscores Cobo’s vision of delivering comprehensive solutions that extend beyond custody, offering exchanges a reliable foundation for growth, innovation, and operational excellence.

Cobo’s strategic collaborations with CoinCover and Shift Markets reinforce its position as a leading digital asset solutions provider, delivering comprehensive security and scalability, accelerated growth and market reach, leadership in innovation and compliance.

From advanced risk mitigation to seamless infrastructure and liquidity management, Cobo empowers exchanges to thrive in an increasingly complex environment.

Tailored referral programs and integrated infrastructure solutions also ensure that exchanges can expand confidently and efficiently.

Cobo’s adherence to the highest security standards, including SOC 2 Type 2 and ISO 27001 certifications, also positions it as the preferred partner for institutions seeking secure and scalable digital asset solutions.

These collaborations underscore Cobo’s positioning at the forefront of digital asset security and infrastructure innovation, reinforcing its commitment to delivering secure, scalable, and tailored solutions that empower exchanges to thrive in the evolving digital asset landscape, said the statement.

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