According to official news from PANews on July 23, Bybit announced today a strategic partnership with Cactus Custody, an Asia-leading compliant licensed digital asset custody institution under the Matrixport Group. The two parties will launch a brand new off-exchange settlement solution through the Cactus Oasis platform, aimed at enhancing the asset security, capital efficiency, and operational control capabilities of institutional clients. This integration will officially go live on July 28, 2025.
This cooperation allows institutional and professional clients to trade directly without needing to pre-fund their Bybit exchange accounts. Clients can deposit collateral assets into Cactus Custody, securely stored in a fully isolated and regulated custody environment, with assets only transferred to Bybit at the time of trade settlement. This effectively reduces counterparty risk while ensuring clients still have full access to market liquidity.
Through Cactus Oasis, institutional clients can trade on Bybit while securely storing collateral assets in independent custody accounts. Assets are always properly safeguarded by Cactus Custody before trade settlement, enhancing capital efficiency and complying with the strict internal governance requirements of institutions.
Cactus Custody adopts a bank-grade security system, equipped with a layered hot wallet and cold wallet system, combined with hardware security module (HSM) encryption technology and institutional-level cold storage solutions. The company has obtained SOC 1 Type 1 and SOC 2 Type 2 certifications issued by Deloitte, and holds a trust company and trust or company service provider (TCSP) license issued by the Hong Kong Monetary Authority, fully meeting the compliance standards of mainstream financial institutions.
