BitMart will integrate Cobo's over-the-counter custody and clearing network SuperLoop to further enhance the security of user assets

ChainCatcher news, the digital asset trading platform BitMart announced a partnership with the digital asset custody platform Cobo to integrate Cobo's upcoming exchange over-the-counter custody and settlement network SuperLoop, enabling BitMart's institutional users to trade on its platform while utilizing a collaborative custody feature based on Multi-Party Computation (MPC) technology to maintain full control over their assets.

Cobo SuperLoop is the world's first exchange over-the-counter custody and settlement system, achieving the separation of trading, clearing, settlement, and custody. SuperLoop allows clients to trade directly on the exchange while keeping their assets securely held by Cobo or under MPC collaborative custody, reducing counterparty risk and ensuring the safety of clients' assets.

This collaboration will enable BitMart's institutional clients to leverage advanced Multi-Party Computation (MPC) technology and the Threshold Signature Scheme (TSS) to ensure the security of their assets. In this scheme, Cobo and clients independently hold their respective private key shares, allowing both parties to complete transaction signatures without sharing their private key shares or needing the complete private key. (source link)