Introduction to Custodial Wallets

Learn about Cobo’s Custodial Wallets, a secure solution for managing digital assets with advanced security features and a three-tier storage architecture.

What are Custodial Wallets?

Watch the video to learn about the key features of Custodial Wallets and how to create a Custodial Wallet and make transfers.

Cobo Portal’s Custodial Wallets are a secure and regulated custodial wallet solution, designed specifically for institutions to manage digital assets. Custodial Wallets take the complexity out of securing your assets by managing the private keys on your behalf. With a three-tier (hot, warm, cold) storage architecture and state-of-the-art security features combining Cobo’s battle-tested risk control engine, bank-grade Hardware Security Modules (HSM), and Intel Software Guard Extensions (SGX), Custodial Wallets ensure that your assets are safeguarded with utmost precision.

Types of Custodial Wallets on Cobo Portal

Custodial Wallets on Cobo Portal are divided into two types:

• Asset Wallets: Fund custodial wallets primarily for token transfers, with centralized fund management. For more details about Asset Wallets, refer to Introduction to Asset Wallets.
• Web3 Wallets: Address custodial wallets that support individual addresses. In addition to token transfers, Web3 Wallets support on-chain operations like contract calls and message signing. For more details about Web3 Wallets, refer to Introduction to Web3 Wallets.

Key features

Institutional-grade wallet security

Custodial Wallets utilize advanced encryption techniques and a battle-tested risk control engine to ensure that your funds are protected against unauthorized access and potential attacks. They implement a robust 3-tier (hot-warm-cold) private key storage architecture with 95% of funds securely stored in cold wallets and only 5% in hot and warm wallets.

Customizable access controls and risk policies

Custodial Wallets offer role-based access controls and customizable risk policies to tailor to your specific needs. You can set up roles such as Admin, Approver, Spender, Operator, and Viewer to separate user privileges. You can also configure and automate authorization workflows to streamline your operations. To ensure the integrity of each operation, Cobo Guard serves as a multi-factor authentication (MFA) to support multi-role and multi-level authentication. To learn more about Cobo Guard, see Introduction to Cobo Guard.

Industry widest token and chain support

Custodial Wallets offer the industry’s most comprehensive support of tokens and blockchain networks. Combined with its swift integration of new tokens, Custodial Wallets ensure that you can stay ahead of the competition and maximize your engagement with the crypto economy and the ever-expanding universe of digital assets.

User-friendly interface

Custodial Wallets’ intuitive and user-friendly interface allows both novice and experienced users to navigate and execute transactions securely and effortlessly. Transfer assets, manage and track portfolios, engage with external applications, set up real-time alerts, and more, with our streamlined interface for a seamless experience.

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