Cobo, Coincover and XLink have reached a partnership to promote the development of Bitcoin in the DeFi space through MPC custody technology

ChainCatcher news, digital asset custody solution provider Cobo has announced a partnership with UK blockchain security company Coincover and ALEX's subsidiary, the intent-based full-chain Bitcoin liquidity network XLink, aimed at enhancing digital asset management and establishing new security standards in the blockchain industry.

This collaboration enhances the security of the XLink platform through Cobo's multi-party computation (MPC) custody technology, XLink's liquidity solutions, and Coincover's disaster recovery services, protecting user assets from hacking and operational risks, thereby promoting the development of Bitcoin in the decentralized finance (DeFi) sector.