Cactus Custody, a leader in the Web3 sector, has released its 2024 annual performance report, emphasizing significant growth and innovation in security and compliance.
Performance Highlights
Key performance indicators for the year include the acquisition of 177 new institutional clients, increasing assets under custody to $4 billion, and supporting 56 blockchains. Fourteen new DeFi connectors were introduced, and the Oasis OTC Settlement service was launched to improve settlement operations. The company achieved a daily transaction volume of 150 million and received SOC 2 Type II certification in partnership with Deloitte. Through the Babylon Cap2 initiative, $147 million in BTC was staked, and the company was recognized as Custodian of the Year by Hedgeweek Asia-Pacific.
Strategic Partnerships
In 2024, Cactus Custody forged partnerships with leading companies to strengthen its ecosystem. Key partners include Elven for enhanced digital asset auditing, Blocknative for improved real-time insights and MEV protection, Tenderly for increased on-chain visibility, and several others.
DeFi Innovations
In the DeFi space, Cactus Custody pushed the company forward by collaborating with CoreDAO for a Layer-1 solution and facilitating BTC staking through Cactus Link. Custody of ccBTC, ensuring a 1:1 Bitcoin reserve, was introduced with partners CKB and Meson Finance, optimizing idle BTC usage.
Cactus Custody continues to demonstrate a commitment to high standards of security and compliance, as well as innovation in digital assets, with plans for 2025 to launch new technologies and form new strategic partnerships.
