An initiative by Singapore asset management firm Cobo will introduce separate custodian, clearing and settlement services to crypto; bitcoin dips but then rises back above $21K. shauryamalwa and JPRubin23 report
– an off-chain settlement network that allows all parties in the Loop to transfer and settle instantly, without fees.
“In this time of uncertainty, it is extremely important for custodians and exchanges to provide a sense of security and trust towards traders,” Dr. Jiang Changhao, CTO and co-founder of Cobo, told CoinDesk.
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