TechFlow News, according to PR Newswire, Matrixport, the crypto finance company founded by Wu Jihan, has announced the launch of an institutional NFT custody service via its third-party custody platform Cactus Custody, helping institutions securely store and manage their NFTs and digital assets.
According to Matrixport's Chief Operating Officer Cynthia Wu, Cactus Custody is enhancing its infrastructure and tools. The NFT asset management product will integrate risk management features, enabling institutions to customize user access controls and establish whitelists for dApp smart contracts. Only approved NFT marketplaces, DeFi, GameFi, SocialFi, and Web3 protocols will be allowed to interact with wallets on the platform, protecting digital assets from malicious actors.
