Onchain Custodian has collaborated with CyberBank, a digital fintech group that has expanded its cloud-based digital asset solutions with the addition of a digital assets trading service.
The new digital assets trading service, CyberBank, provides a stable and secure multidimensional solution for global digital asset trading.
The group also noted that its “abundant liquidity reserves and powerful open financial ecosystem makes Cyberbank a core technology for supporting ecosystem development”.
Cyberbank Cloud is run by a team of experienced professionals such as blockchain project managers, investors, and cloud service teams.
As part of CyberBank’s new partnership, Onchain Custodian’s custody solution will aid CyberBank’s trading platform business in meeting regulatory compliance.
According to CyberBank, it is the first to build a model that combines an exchange, custody services provider and investment funds.
Additionally, the partnership with Onchain Custodian will allow CyberBank to complete its business offerings, by tapping on Onchain Custodian’s expertise in the custody of digital assets.
CyberBank will adopt Onchain Custodian’s secure and insured custody solution to upgrade the security level in its entire business ecosystem.
Cyberbank’s cloud-based digital asset solutions include overall trading systemic cloud service and are able to build platforms for spot trading, futures trading, option trading, and over the counter trading.
Neo Peng, the founder of CyberBank, commented: “Having the alliance between two giants, we will build a unique, fully custodian digital asset exchange platform with insurance coverage, hence forming an ecosystem where members are motivated to trade knowing the assets are safely held by custodial wallets. CyberBank will provide spot trading, contract trading and business expansion for investors.”
Onchain Custodian China vice president, Jimmy Cheung, added: “Digital assets have become an inevitable trend worldwide and it will require standardisation in all trading business from trading groups. Tapping on the exchange business as an entry to, and its network linkage to other businesses, one can extend the life cycle of a single business. Completing that with nurturing of industry talents, conventional finance groups will be able to transform and upgrade themselves to digital finance technology groups.”
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