TechFlow, digital asset trading platform BitMart has announced a partnership with digital asset custody platform Cobo to integrate Cobo’s upcoming SuperLoop, an over-the-counter custody and settlement network for exchanges. This collaboration will enable BitMart’s institutional users to maintain full control of their assets through co-custody powered by Multi-Party Computation (MPC) technology while trading on the platform.
Cobo SuperLoop is the world’s first off-exchange custody and settlement system, decoupling trading, clearing, settlement, and custody. SuperLoop allows customers to trade directly on exchanges while keeping their assets securely held or co-managed by Cobo using MPC technology, reducing counterparty risk and ensuring asset security.
Through this partnership, BitMart’s institutional clients will leverage advanced Multi-Party Computation (MPC) technology and Threshold Signature Scheme (TSS) to safeguard their assets. Under this solution, both Cobo and the client independently hold separate shards of the private key. Neither party needs to share their key shards, nor reconstruct a complete private key, in order to sign transactions.Original link
