Evolve Markets

Onchain Custodian to deliver storage solution for crypto startup Wowoo Exchange

Onchain Custodian to deliver storage solution for crypto startup Wowoo Exchange
Independent third-party digital asset custody has become a key piece of infrastructure that many experts consider critical for the long-term sustainability of digital assets and cryptocurrencies.

Onchain Custodian (ONC), a Singapore-based digital assets custody service provider, announced today it will work with Wowoo Exchange to provide a secure, compliant solution for storage of their digital assets.

The team at Wowoo Exchange, which launches next month, are building a platform that focuses on meeting global compliance regulations and providing a high level of security for customers.

“The partnership with Onchain Custodian supports our vision of building a highly-secure exchange where our clients can buy, sell and trade cryptocurrencies with confidence. We are excited to work with experts from Onchain Custodian to manage and protect our customers’ digital assets.”

Willie Chang, CEO of Wowoo Exchange

Onchain Custodian is backed by Fosun, DHVC and Sequoia Capital, the US-based venture capital firm which has backed companies that now control $1.4 trillion of combined stock market value, including Apple, Google, Oracle and PayPal, and is gaining a significant foothold as it builds up its portfolio of institutional clients across the Asia Pacific region.

Last month, ONC announced the on-boarding of a series of major clients, including Ontology Foundation, Tembusu Partners, Timestamp Capital, and more.

“Onchain Custodian is honored to have been selected by Wowoo Exchange as its third-party custodian. We are looking forward to growing our respective business together while delivering two critical pieces of infrastructure to investors in Asia Pacific and beyond, a compliant exchange with a secure custody solution.”

Alexandre Kech, CEO of Onchain Custodian

By providing a focused approach to security, operational efficiency and risk management to institutional players holding cryptocurrencies and digital assets, Onchain Custodian allows its clients to focus on their core business.

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