Cobo and Alibaba Cloud Forge Partnership to Elevate Web3 Wallet Infrastructure September 28, 2023 September 28, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsSeptember 28, 2023 by Kelly Cromley

Cobo and Alibaba Cloud Forge Partnership to Elevate Web3 Wallet Infrastructure

Empowering Web3 Organizations with Enhanced Digital Asset Solutions


Cobo, a prominent player in the digital asset solutions arena, has joined forces with Alibaba Cloud, the technological powerhouse behind Alibaba Group, to introduce enterprise-grade wallet infrastructure to the global Web3 landscape. This strategic collaboration leverages Cobo’s extensive experience in digital asset solutions and combines it with the scalability, resilience, and security of Alibaba Cloud’s cloud computing and intelligent tools.


Cobo’s Leadership in Digital Asset Solutions


Cobo has earned its reputation as a globally trusted leader in digital asset custody solutions. Distinguishing itself as the world’s premier omni-custody platform, Cobo offers a comprehensive array of solutions ranging from custodial to non-custodial services. These encompass MPC (Multi-Party Computation) and smart contract-based custody, wallet-as-a-service, a DeFi management platform known as Argus, and an off-exchange settlement network named SuperLoop.


Introducing Wallet-as-a-Service


The collaborative effort between Cobo and Alibaba Cloud introduces an innovative Wallet-as-a-Service solution tailored for developers and organizations. This solution facilitates the seamless integration of cutting-edge wallet technology into applications through the utilization of APIs (Application Programming Interfaces) and SDKs (Software Development Kits). Importantly, both Cobo’s custodial wallet and MPC custody technology will be readily accessible through this initiative. The overarching goal of this partnership is to empower developers and organizations with secure and scalable digital asset tools.


Dr. Changhao Jiang, Co-founder and Chief Technology Officer of Cobo, expressed enthusiasm about the collaboration’s potential impact. He stated, “We’re excited to partner with Alibaba Cloud on our mission to make digital assets safe and easy for everyone. This collaboration marks a significant step towards setting new standards in security, performance, and accessibility of the digital wallet infrastructure for Web3. As we join forces, we’re not only empowering users and organizations, but also paving the way for widespread adoption across the world.”


Elevating Digital Asset Security and Accessibility


The partnership between Cobo and Alibaba Cloud signifies a pivotal moment in the evolution of digital asset solutions. It underscores the commitment to enhancing security, performance, and user accessibility within the digital wallet infrastructure for Web3 organizations. This collaboration holds the potential to redefine industry standards and drive the widespread adoption of digital assets on a global scale.


Wallet Choices for a Diverse Ecosystem


Through this partnership, organizations and developers gain access to a spectrum of wallet options, including custodial and MPC-based solutions. This diversity empowers them to select the most suitable wallet technology to meet their unique needs, all while benefiting from the security and scalability associated with Alibaba Cloud’s infrastructure.


Empowering Users and Organizations


At its core, this collaboration is driven by the shared mission to make digital assets safe, user-friendly, and accessible to a broader audience. By combining Cobo’s expertise with Alibaba Cloud’s capabilities, the partnership aims to empower both individual users and organizations to navigate the Web3 landscape with confidence and efficiency.


Paving the Way for Global Adoption


As the digital asset ecosystem continues to evolve, strategic partnerships like the one between Cobo and Alibaba Cloud play a crucial role in setting new industry benchmarks. By prioritizing security, performance, and accessibility, this collaboration is poised to shape the future of digital asset solutions and contribute to the widespread adoption of digital assets worldwide.


In conclusion, the collaboration between Cobo and Alibaba Cloud signifies a landmark development in the realm of digital asset solutions. It represents a concerted effort to enhance the security, performance, and accessibility of digital wallet infrastructure for Web3 organizations, with the ultimate goal of fostering global adoption. This partnership exemplifies the potential for synergy between blockchain technology and cloud computing, offering users and organizations a more secure and streamlined path into the world of digital assets.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.