TechFlow News — Cobo, a digital asset custody solutions provider, announced the launch of its standardized BTC L2 bridge custodial solution designed to address security challenges related to depositing and withdrawing funds on BTC L2 networks. Built on Cobo's MPC-based custodial technology, the standard signing mechanism uses a 2-of-3 threshold scheme, with three private key shards held separately by the project team, Cobo, and a trusted third party designated by the project (typically an insurer or security firm).
Through the Cobo BTC L2 Bridge Standard Custody Solution, projects can customize their custody schemes based on specific needs—such as 2-of-3, 3-of-3, 3-of-5, or other configurations—and support global distribution of key shards. The solution enables fast and flexible listing support for BTC and various BRC tokens. When necessary, Cobo can assist projects in real-time disclosure of custodied amounts to ensure financial transparency. Additionally, Cobo has integrated leading KYT and AML service providers to effectively reduce compliance risks associated with fund operations.
Meanwhile, Cobo will collaborate with Bitmain, Antalpha, OKX Ventures, Bixin Ventures, ABCDE, SevenX Ventures, Waterdrip Capital, CoinSummer, and Satoshi Lab to prioritize investment and early-stage liquidity support for projects within the Bitcoin ecosystem.
