What Cactus Custody does

Cactus Custody, founded in February 2019 by crypto veterans Jihan Wu and John Ge, is the qualified institutional digital-asset custody brand of BIT (formerly Matrixport). Operating from Singapore with regulatory entities in Hong Kong (Matrix Trust Company Limited, TCSP license TC006789) and Bhutan (Matrix Bhutan Pte Ltd under a GMCA Financial Services Licence), the company provides segregated, on-chain-verifiable custody of digital assets for institutional clients including mining companies and pools, crypto exchanges, investment and token funds, OTC desks, crypto lending platforms, TradFi institutions, and DeFi funds. As of June 2026, Cactus Custody reports safeguarding over $10 billion in digital assets across more than 400 institutional clients, with a stated zero-incident track record since launch.

The platform rests on a multi-signature and Threshold Signature Scheme (TSS) architecture that generates and stores private keys inside Hardware Security Modules meeting FIPS 140-3 Level 3+ or CC EAL 4+ standards, with vaults distributed across three continents and dual-center high availability. MPC-TSS co-signing is hardened through Intel SGX Trusted Execution Environments. Core products include Prime Custody (segregated on-chain custody), the DeFi Connector (institutional gateway to 31+ EVM chains, Solana, and Bitcoin via MetaMask, Cactus Link, and Safe{Wallet} integrations), Oasis off-exchange settlement (insured up to $50M via OneDegree, integrated with Bitget and Bybit), an institutional OTC Desk, and an MPC Self-Custody wallet. Compliance is backed by Deloitte-audited SOC 1 Type II and SOC 2 Type II certifications, ISO 9001, ISO/IEC 27001, and ISO/IEC 27701 certifications, plus Chainalysis KYT and Notabene Travel Rule integrations.

Cactus Custody monetizes through a mix of recurring custody fees on assets under custody, transaction fees for DeFi Connector access, settlement fees for Oasis, and trading-related fees from the OTC Desk. The company does not publicly disclose pricing; contracts are negotiated via a direct enterprise sales motion ([email protected]) supported by dedicated account managers handling onboarding (KYC typically 3–5 business days), implementation, training, and ongoing operations. Distribution is direct-only, with no resellers, and the company has been recognized three consecutive years as Hedgeweek's Best Custodian of the Year — APAC. Geographic restrictions bar service to the US, Canada, Japan, the EU, Russia, and several other jurisdictions, while service is available across Hong Kong, Singapore, Bhutan, and broader APAC.

Name

Cactus Custody

Legal name

Cactus Custody

Website

https://mycactus.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Cactus Custody provides institutional digital asset custody, policy-controlled wallets, DeFi access, settlement, and reporting for crypto-native and TradFi clients, safeguarding over $10 billion across 400+ institutional accounts globally.

Ownership category

akta.pro rank

Product category

Institutional Digital Asset Custody

NAICS

Trust, Fiduciary, and Custody Activities (523991)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Custody Technology Platforms (Custody-as-a-Service) (FSADACAB)

akta.pro secondary industries

Digital Asset Custody (Institutional Crypto Custody) (FSAFAHAH), Transaction Policy Controls & Wallet Security (Allowlisting, Limits, Approvals) (FSADACAI), Self-Custody Wallets (Consumer & Institutional) (FSADACAE), Wallet Connectivity & Session Protocols (WalletConnect, deep links, QR, auth sessions) (FSAPACAF), Prime Brokerage Custody & Asset Servicing (Custody Component) (FSAFAHAF)

Keywords

• Institutional digital asset custody
• Cryptocurrency custody services
• DeFi institutional access
• Off-exchange settlement
• MPC wallet security

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Infrastructure, Personnel, Operations, Marketing or Sales

Revenue model

1. Digital Asset Custody Services: Institutional custody fees for safekeeping digital assets. Services include cold storage, warm storage, multi-signature vault management, and compliance controls. Revenue derived from custody of digital assets under management.
2. DeFi Connector Access: Fees for institutional access to DeFi protocols through Cactus Custody's DeFi Connector, enabling staking, yield-farming, and liquidity provisioning within the custody environment.
3. Oasis Off-Exchange Settlement: Settlement services for institutional trading operations, providing segregated vault protection during exchange transfers and OTC trades.
4. OTC Trading Services: Cactus OTC Desk facilitates large crypto trades through regulated partners, combining institutional-grade security with compliant settlement and access to global liquidity.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Cactus Custody provides qualified institutional digital asset custody, holding assets in unique segregated blockchain addresses verifiable on-chain at any time. Clients receive policy-controlled wallets with role-based access, customizable approval workflows, and whitelist controls, alongside a DeFi Connector for accessing decentralized protocols, off-exchange settlement through Oasis, OTC trading desk services, and integrated compliance with Chainalysis KYT and Notabene Travel Rule. The service targets mining companies, exchanges, investment funds, lending platforms, OTC brokers, and traditional finance institutions.

Differentiator

Problem solved

Functional benefit

Brands

• Oasis: Off-Exchange Settlement solution that protects institutional investment assets from counterparty risks by securely holding funds in segregated vault accounts during trade execution and settlement.
• Cactus OTC Desk
• DeFi Connector
• MPC Self-Custody Solution

Products and services

• Prime Custody Digital asset custody service where assets are held in unique and segregated blockchain addresses accessible by the client and verifiable on-chain at any time, with policy-controlled wallets and configurable approval workflows. Targeted at institutional clients requiring qualified custody.
• Financial Management Trading services and financial products on digital assets, including crypto-to-fiat and crypto-to-crypto spot trading within the custody environment. Targeted at institutional clients seeking integrated custody and trading.
• DeFi Connector Institutional DeFi gateway enabling clients to participate in DeFi/DApp protocols across 31+ EVM chains, Solana, and Bitcoin while assets remain secured under Cactus custody, with smart contract whitelisting, role-based access control, and MetaMask/Cactus Link extension connectivity. Targeted at institutional clients seeking qualified custody access to decentralized finance.
• MPC Wallet (Self-Custody) Institutional-grade self-custody MPC-TSS wallet combining Cactus Custody's risk control system with multi-party computation threshold signature scheme, where users own their private key share and Intel SGX protection is provided, with co-signing requiring consent of both Cactus and the user. Targeted at institutions that prefer self-custody with operational safeguards.
• Oasis Off-Exchange Settlement Off-exchange settlement solution that securely holds institutional investor assets in a segregated Oasis Buffer account, automatically settling after trade execution, protected from bankruptcy, verifiable on-chain, and insured by OneDegree for up to $50 million. Targeted at institutional traders using exchange or OTC services.
• OTC Desk Institutional OTC trading platform bridging digital assets and fiat through regulated partners, combining institutional-grade security, compliant settlement, and access to global liquidity via RFQ-based execution. Targeted at institutional clients executing large block trades.
• Cactus Link Secure multi-chain wallet browser extension integrated with Cactus Custody, supporting Bitcoin, EVM chains (including Ethereum), Cosmos, Polkadot, Solana, Stellar, Sui, and TON. Enables institutional clients to connect to DeFi and Web3 applications.
• Mining Pool Solution Digital token payment management solution for cryptocurrency mining companies and mining pools, supporting multi-chain processing across 10+ blockchain networks, batch transfers via API, real-time mining transaction alerts, and secure withdrawal whitelisting. Targeted at crypto-native mining operators.
• Crypto Project Solution Comprehensive solution for crypto projects covering ICO/asset tokenization with smart contract deployment, API-driven token minting and burning, cross-chain bridge with regulated custody, and batch transfer API for airdrops. Targeted at blockchain projects issuing and managing tokens.
• Crypto Exchange Solution WaaS (Wallet-as-a-Service) solution for crypto exchanges featuring batch address creation, aggregated withdrawal processing, token gas station support, real-time deposit alerts, and full KYT/KYC/AML/Travel Rule compliance. Targeted at fully licensed crypto exchanges seeking API-driven wallet infrastructure.
• TradFi Institution / Fund Solution Digital asset management solution for traditional financial institutions and funds, offering seamless trading on Oasis and Bitget, DeFi DApp connectivity, Fly Wing OTC services for token-to-USD conversions, competitive fees with T+1 settlement, and transparent regulatory reporting. Targeted at TradFi institutions and funds entering digital assets.
• DeFi Fund / DeFi Trading Desk Solution Institutional DeFi fund solution supporting 31+ EVM chains, Solana, and Bitcoin via the DeFi Connector, featuring smart contract whitelisting, broad multi-chain support, and comprehensive functionality via web UI or API for deploying contracts, minting/burning tokens, executing orders, and signing messages. Targeted at institutional DeFi funds and trading desks.
• Payment Service / E-commerce Platforms Solution Digital asset management solution for payment service providers and e-commerce platforms, featuring financial management tools for digital token handling. Targeted at payment service providers and e-commerce platforms needing custody infrastructure.

Quantifiable outcome

• Zero security incidents since launch in 2019
• +4 more outcomes

Named customers6 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature9 records

Partnerships

Eight partnerships are on record, tiered core.

• Venus ProtocolcoreTechnology or Integration · 1 July 2026Completed integration with Venus Protocol through Cactus Link infrastructure, enabling institutional clients to access BNB Chain on-chain lending market using eligible collateral including Matrixdock's tokenized gold XAUM within the existing custody environment.
• CirclecoreTechnology or IntegrationPartnership with top Web3 institutions including Circle for institutional-grade digital asset custody services. Circle is a major stablecoin issuer (USDC) and provides blockchain infrastructure services.
• MetaMaskcoreTechnology or IntegrationMetaMask integration with Cactus Custody DeFi Connector. MetaMask is a leading self-custody wallet and key interface for Ethereum and EVM-compatible chains. Institutional clients can connect to DeFi DApps via MetaMask while assets remain in Cactus Custody.
• ChainalysiscoreTechnology or IntegrationChainalysis on-chain analytics and KYT integration enables real-time transaction monitoring, risk control configuration, and AML/CTF compliance. High-risk deposits and withdrawals can be blocked through Chainalysis configuration.
• NotabenecoreTechnology or IntegrationNotabene integration ensures FATF standards compliance and meets Hong Kong SFC and GMCA Travel Rule regulations. Real-time counterparty information exchange during fund transfers with VASPs.
• BitgetcoreStrategic or Co-development PartnerBitget partnership for Oasis off-exchange settlement solution. Bitget CEO Gracy Chen endorses partnership, stating it underscores commitment to providing institutional clients with highest security and efficiency standards. Bitget is a major cryptocurrency exchange.
• BybitcoreStrategic or Co-development PartnerBybit integration with Cactus Oasis gives institutional clients flexibility in managing liquidity without compromising asset protection. Head of BBU Yoyee Wang endorses the integration.
• OneDegreecoreOthersOneDegree provides insurance coverage through OneInfinity for client assets. Assets held at Oasis are insured by OneDegree for up to $50 million, protecting against collusion, theft, and loss or damage of private keys.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Anchorage Digital: Anchorage Digital is a federally chartered crypto bank in the US providing institutional digital asset custody, staking, and settlement. While US-focused, it competes globally for institutional custody mandates and offers comparable MPC-based custody architecture to Cactus.
• Hex Trust: Hex Trust is an APAC-headquartered institutional digital asset custodian offering qualified custody, DeFi access, and staking for institutions. It is one of the closest direct competitors to Cactus given overlapping APAC focus, regulatory licensing approach, and institutional customer base.
• Komainu: Komainu is a joint-venture institutional crypto custodian backed by Nomura, Ledger, and CoinShares providing qualified custody services. It is a direct peer with comparable regulatory positioning and serves institutional clients with custody and staking across multiple jurisdictions.
• Fireblocks: Fireblocks is a leading institutional digital asset custody and settlement infrastructure provider serving exchanges, funds, and TradFi entrants. It is a direct peer to Cactus Custody across institutional crypto custody, MPC wallet infrastructure, and DeFi access.
• BitGo: BitGo is a regulated institutional crypto custodian with qualified custody services, multi-chain asset support, and staking/off-exchange settlement offerings. It competes directly with Cactus across institutional custody, MPC/TSS wallets, and integrated trading services.

Others

• Chainalysis: Chainalysis is a blockchain analytics and compliance vendor integrated with Cactus for KYT and AML monitoring. It is an ecosystem partner rather than a competitor, but its tools underpin institutional-grade custody compliance offerings comparable to what Cactus provides to clients.

Broad incumbents

• Coinbase Custody: Coinbase Custody is the institutional custody arm of Coinbase, one of the largest crypto exchanges globally. It offers qualified cold storage and staking to institutions and competes with Cactus for institutional mandates as a broader incumbent with deeper capital resources.
• Fidelity Digital Assets: Fidelity Digital Assets is the institutional crypto custody and trading arm of Fidelity Investments, serving hedge funds, pensions, and family offices with qualified custody. It is a broad incumbent in institutional digital asset custody that competes for the same TradFi mandates Cactus targets.

Emerging players

• Liminal: Liminal is an institutional digital asset custody and wallet infrastructure platform focused on exchanges, funds, and OTC desks across APAC and EMEA. It competes with Cactus's exchange solution and MPC wallet infrastructure as an emerging institutional custody player.
• MetaMask Institutional: MetaMask Institutional offers institutional DeFi access and wallet infrastructure built on Consensys's wallet stack, directly integrated with Cactus's DeFi Connector. It is both a partner and adjacent competitor in the institutional DeFi access layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/CactusCustody
• LinkedInlinkedin.com/company/cactuscustody

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cactus Custody