Digital asset trading platform BitMart announced a partnership with digital asset custody platform Cobo, which will be connected to Cobo’s upcoming OTC custody and settlement network SuperLoop, enabling BitMart’s institutional users to use Multi-Party Computing (MPC) while trading on its platform. ) technology's collaborative custody function to achieve complete control over assets.

Cobo SuperLoop is the world's first exchange off-site custody and settlement system, which realizes the separation of trading, clearing, settlement and custody. SuperLoop allows customers to trade directly on the exchange while keeping their assets under safe custody by Cobo or MPC-based coordination, reducing counterparty risks and ensuring the safety of customers' assets.

This cooperation will enable BitMart's institutional clients to utilize advanced multi-party computation (MPC) technology, threshold signature algorithm TSS (Threshold Signature Scheme) to ensure the security of their assets. In this scheme, Cobo and the customer independently hold their own private key fragments, and the two parties can complete the transaction signature without sharing their respective private key fragments or complete private keys.