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.
When it came to finding an industry-leading custody solution for the exchange, Wowoo Exchange called on Onchain Custodian.
Willie Chang, CEO of Wowoo Exchange, said:
“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.”
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 significant foothold as it builds up its portfolio of institutional clients across Asia Pacific.
Last month ONC announced the on-boarding of a series of major clients, including Ontology Foundation, Tembusu Partners, Timestamp Capital and many others, and Alexandre Kech, CEO of Onchain Custodian is excited to add Wowoo Exchange to that list. He said:
“Onchain Custodian is honoured 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”.
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.
By providing a focused approach to security, operational efficiency and risk management to institutional players holding cryptocurrencies and digital assets, Onchain Custodian allows its customers to focus on their core business.
About Onchain Custodian
Headquartered in Singapore, Onchain Custodian (ONC) offers a global, standardised, resilient and compliant custody service for the safekeeping of institutional digital asset investments with incomparable user experience. ONC’s solution is built with flexibility to meet the possible futures of crypto custody.
About Wowoo Exchange
Wowoo Exchange is a Singapore-based digital asset exchange focused on global compliance and security. Launching in June 2019, the exchange will provide customers with a powerful and user-friendly trading platform and the ability to trade digital assets easily and cost-effectively.