Bybit today (23rd) announced the establishment of a strategic partnership with Cactus Custody, the leading compliant licensed digital asset custody institution under the Matrixport Group in Asia. The two parties will launch a new over-the-counter settlement solution through the Cactus Oasis platform, aimed at improving asset security, capital utilization efficiency, and operational control for institutional clients. The integration will officially go online on July 28, 2025.
This collaboration allows institutional and professional clients to trade directly without pre-funding their Bybit exchange accounts. Clients can deposit collateral assets into Cactus Custody, safely storing them in a completely isolated and regulated custody environment, with assets only transferred to Bybit during trade settlement. This effectively reduces counterparty risk while ensuring clients can still fully access market liquidity.
Shunyet Jan, Head of Bybit's Institutional and Derivatives Business, stated: "Bybit is always committed to providing a safe and efficient trading environment for institutional clients. The access to Cactus Oasis allows clients to manage liquidity more flexibly without compromising asset protection."
Improving Asset Security and Capital Efficiency
Through Cactus Oasis, institutional clients can trade on Bybit while keeping collateral assets safely stored in independent custody accounts. Assets are properly maintained by Cactus Custody before trade settlement, not only improving capital use efficiency but also complying with strict internal governance requirements of institutions.
Cactus Custody employs a bank-grade security system with layered hot and cold wallet systems, combining 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 from Deloitte and holds a Trust Company and Trust or Company Service Provider (TCSP) license issued by the Hong Kong Monetary Authority, fully meeting mainstream financial institution compliance standards.
Cactus Oasis: Tailored for Institutional Needs
Cactus Oasis achieves cross-platform unified custody through "Buffer Accounts", helping clients simplify asset management processes across multiple exchanges. The platform offers flexible risk control mechanisms, including dual authorization and pre-authorization modes, customizable approval and settlement processes, and strictly adheres to KYC, KYB, and KYT compliance requirements. Role-based access permissions and multi-level approval mechanisms ensure rigorous governance and operational efficiency.
Wendy Jiang, General Manager of Cactus Custody, said: "This integration with Bybit responds to the core needs of institutional clients for secure custody, risk control, and efficient post-trade settlement. This is an important step in upgrading digital asset trading infrastructure and accelerating institutional adoption."
Promoting Widespread Participation of Global Institutional Investors
Bybit and Cactus Custody are jointly committed to establishing a compliant, transparent, and scalable infrastructure, supporting global institutional investors to participate in the digital asset market more safely and efficiently. This collaboration particularly benefits financial institutions in the Asia-Pacific region, where requirements for regulatory clarity, risk management, and fund flexibility are increasingly high, which is key to achieving long-term deep participation.
In the future, Bybit will continue to work with industry-leading partners to continuously optimize institutional service ecosystems and assist in the construction and development of the global digital financial system.
