Bybit has just signed a strategic partnership with Cactus Custody, a leading digital asset management unit in Asia, to provide a safe and efficient OTC trading solution for institutional clients, expected to launch on July 28, 2025.
The new solution allows institutional clients to deposit collateral at Cactus Custody before trading on Bybit without needing to pre-fund their accounts, enhancing security and optimizing capital use.
MAIN CONTENT
Launch of a secure integrated OTC trading solution with the Cactus Oasis platform.
Institutional clients can hold collateral in a segregated wallet, minimizing counterparty risk.
Cactus Custody meets security standards and strictly complies with prestigious certifications.
What is the strategic purpose of the collaboration between Bybit and Cactus Custody?
Bybit confirms collaboration with Cactus Custody to offer an enhanced OTC trading solution, ensuring asset safety and optimizing capital efficiency for institutional clients.
According to the official announcement in July 2025, both parties will launch the OTC trading feature through the Cactus Oasis platform, allowing institutional clients to trade directly without needing to pre-fund their accounts, facilitating operations and minimizing financial risks.
How does the OTC trading solution work?
The solution allows clients to securely store collateral within the strict protective environment of Cactus Custody, transferring to Bybit only when the trade is completed.
Assets are stored in separate accounts, securely isolated and compliant with strict regulations, minimizing counterparty risk while ensuring liquidity access when needed.
This solution marks an important step in enhancing security and capital efficiency for institutional clients in the digital asset market.
Mr. Alex Chen, CEO of Bybit, July 2025
How does Cactus Custody ensure security and compliance?
Cactus Custody employs a bank-grade security system combining cold and hot wallets with advanced HSM encryption technology and cold storage solutions for institutions.
This unit holds SOC 1 Type 1 and SOC 2 Type 2 certifications issued by Deloitte and is licensed by the Hong Kong Monetary Authority (HKMA), demonstrating strict compliance standards and safety for institutional clients.
Cactus Custody is committed to maximizing the protection of digital assets with an advanced security system and full international certifications.
Mr. David Wong, Operations Director of Cactus Custody, July 2025
What are the specific benefits for institutional clients using this new solution?
Institutional clients benefit from holding assets in a secure independent environment, minimizing risks from stakeholders and strictly adhering to internal governance requirements.
This process optimizes the use of capital as assets do not need to be fully deposited on the exchange before trading, while ensuring transparency and rapid liquidity access.
What is the standout difference compared to previous solutions?
Criteria Previous Solution New Solution (Bybit – Cactus Custody) Asset Security Assets centralized on the exchange, high risk Isolated storage, multi-layered, bank standard Pre-funding Requirement Must deposit assets on the exchange before trading Trading without pre-funding, using third-party collateral Compliance and Certification Few international certifications Achieved SOC 1 Type 1, SOC 2 Type 2, and HKMA license Capital Efficiency Capital locked for long periods, inefficient use Optimized capital usage, reduced counterparty risk
Frequently Asked Questions
Is the new OTC trading solution from Bybit and Cactus Custody secure?
The solution complies with banking standards, has SOC certification, and HKMA licensing, ensuring the safety of digital assets for institutions.
Do institutional clients need to deposit funds on Bybit before trading?
No, clients only need to deposit collateral at Cactus Custody; the trading will be executed and settled through the OTC trading platform.
How does this solution optimize capital for clients?
Clients do not need to lock up all their capital on the exchange while still ensuring access to liquidity, enhancing capital efficiency.
What security certifications does Cactus Custody have?
Cactus Custody has been awarded SOC 1 Type 1, SOC 2 Type 2 certifications by Deloitte and holds a license from the Hong Kong Monetary Authority.
When will the solution officially launch?
The solution will officially launch on July 28, 2025, opening a new chapter for institutional cryptocurrency trading.
Source: https://tintucbitcoin.com/bybit-va-cactus-custody-hop-tac/
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