TechFlow news: Cobo, a digital asset custody solutions provider, announced a strategic partnership with Merlin Chain, a native Bitcoin Layer 2 scaling solution. Merlin Chain will bridge multiple native Bitcoin Layer 1 assets to Layer 2 and leverage Cobo's MPC co-custody solution to ensure all funds remain non-custodial and secure, enabling rapid development of foundational infrastructure for the Bitcoin Layer 2 network. When users perform cross-chain transfers or participate in airdrop staking via Merlin Chain, their Bitcoin Layer 1 funds transferred through the cross-chain bridge will be securely held in an MPC co-managed address jointly controlled by Cobo and Merlin Chain. Any transaction requires both Cobo and Merlin Chain to jointly execute predefined security and risk control policies before signatures are authorized, ensuring that no single party’s risk can lead to asset leakage.
Cobo’s custody solution will also offer full support for Merlin Chain, allowing users to securely store and manage Merlin Chain ecosystem tokens within the Cobo platform, delivering a convenient and secure digital asset management experience.
