Cobo, a digital asset custody solution provider, announced a strategic cooperation with Merlin Chain, a Bitcoin second-layer native scaling solution. Merlin Chain will bridge multiple Bitcoin first-layer native assets to the second layer and ensure all Funds remain non-custodial and safe, and Bitcoin’s second-layer network infrastructure is quickly established. When users lock positions through Merlin Chain cross-chain or airdrop, the Bitcoin first-level network funds transferred to the cross-chain bridge will enter the MPC custody address co-managed by Cobo and Merlin Chain for safekeeping. Any transaction requires Cobo and Merlin Chain security risk control. After confirmation, the signature is released, and any unilateral risk will not lead to the leakage of assets.
The Cobo custody solution will also fully support Merlin Chain. Users will be able to safely store and manage Merlin Chain ecological tokens on the Cobo platform and enjoy a convenient and secure digital asset management experience.