Cobo and MetaMask Institutional Partner to Launch NaaS Services

Recently, Cobo, a leading digital asset custody institution and blockchain technology provider in the Asia-Pacific region, announced a partnership with the well-known DeFi wallet MetaMask Institutional to jointly launch an NFT custody solution - Cobo NaaS (NFT as a Service).

This collaboration aims to provide users and institutions with a comprehensive NFT asset management platform. By integrating the network access capabilities of MetaMask Institutional and its interoperability with numerous DeFi protocols and applications, Cobo is committed to helping users and institutions achieve flexible cross-platform interactions while ensuring the security of NFT assets.

Dr. Jiang Changhao, co-founder and CTO of Cobo, stated: "The NaaS platform enables users to securely store NFTs while maintaining the availability and flexibility of their assets. Institutional users can easily manage NFT assets through role-based access control and set custom rules and transaction limits for each wallet. This collaboration will allow users to connect with one click through MetaMask Institutional, seamlessly interacting in the Ethereum DeFi and Web3 ecosystems."

Under this cooperation framework, Cobo NaaS users will be able to access Web3 and DeFi services through the MetaMask Institutional wallet, while enjoying the custodial security assurance provided by Cobo. Users can view detailed metrics of the NFTs held by different wallets on the interface, and perform various operations such as purchasing, trading, minting, listing, receiving airdrops, asset transfers, and staking of NFTs. Currently, Cobo NaaS supports the ERC 721 and ERC 1155 token standards, and will expand to support other standards in the future.

Johann Bornman, the product leader of Consensys Group, believes: "NFTs are becoming a new medium for value creation, storage, and transfer. We have observed a growing interest in NFTs among institutions, which require more flexible and robust management solutions compared to individual users. We are pleased to provide comprehensive solutions for institutional users through the premium access capabilities of MetaMask Institutional and the underlying institutional custody services of Cobo."

It is worth mentioning that Cobo NaaS will be included in the list of custodial service providers for MetaMask Institutional, becoming the first institutional-grade service to offer professional team collaboration tools, featuring role-based access control and parameter-level risk management capabilities, supported by the technology of Cobo's custodial solutions.

As the largest digital asset custody institution and blockchain technology provider in the Asia-Pacific region, Cobo is headquartered in Singapore and has earned the trust of over 500 institutions and high-net-worth individuals, dedicated to helping clients grow and protect their crypto assets. The company focuses on building scalable infrastructure to power the global Web3.0 revolution. Cobo offers a range of SaaS (Software as a Service) products, including WaaS (Wallet as a Service), NaaS (NFT as a Service), and Argus (smart contract-based digital asset custody), among others.