Cobo CEO: Plans for Hong Kong expansion and focus on next-gen private key security

On April 10th, it was reported that at the roundtable forum of “Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue”, Cobo co founder and CEO Shen Yu stated in response to Cobo’s development plan in Hong Kong that he is currently applying for more licenses based on the existing regulatory framework; In terms of product technology, Cobo will not only provide centralized custody solutions to meet the needs of compliant funds, but also focus on the development of next-generation private key security, providing decentralized custody based on MPC; In terms of personnel technology, we plan to expand our team in Hong Kong and accumulate more professional and business personnel; In terms of asset management, we will explore some on chain opportunities with partners and explore new sources of revenue. （Foresight）

Shenyu: Cobo is applying for a license based on the existing regulatory framework in Hong Kong and plans to expand its Hong Kong team

On April 10th, Cobo co-founder and CEO Shen Yu spoke at the “Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue” roundtable forum, where he discussed Cobo’s upcoming plans for expansion in Hong Kong, as well as the company’s focus on next-generation private key security.

Introduction

The importance of secure cryptocurrency storage cannot be overstated. With the increasing prevalence of hacks and other cybersecurity threats, it’s more important than ever to have proper custody solutions in place. That’s where companies like Cobo come in – providing centralized custody solutions for compliant funds, as well as developing next-generation private key security.

Cobo’s expansion plans in Hong Kong

Cobo is currently applying for more licenses based on the existing regulatory framework in Hong Kong. This will allow the company to expand its operations in the region and better serve its clients. In addition, Cobo plans to expand its team in Hong Kong, hiring more professional and business personnel to help with its growth.

Focus on next-generation private key security

In addition to providing centralized custody solutions, Cobo is also focused on developing next-generation private key security. This will provide decentralized custody based on MPC – a form of cryptography that involves multiple parties jointly managing the keys to an asset.
MPC-based custody solutions have several advantages over traditional custody methods. For one, they eliminate the need for a single point of failure. Instead, multiple parties must agree in order to access the stored assets. Additionally, MPC-based solutions can be more efficient and cost-effective, since they don’t require specialized hardware or other expensive infrastructure.
Cobo is at the forefront of this technology, and its focus on next-generation private key security will set it apart from competitors in the space.

Asset management opportunities

Finally, Cobo is exploring new opportunities in asset management. Through partnerships with other companies, Cobo plans to explore on-chain opportunities and find new sources of revenue.

Conclusion

Cobo’s plans for expansion in Hong Kong, focus on next-generation private key security, and exploration of new revenue sources make it an exciting company to watch in the cryptocurrency space. With its strong team and innovative approach, Cobo is sure to be a major player in the industry for years to come.

FAQs

**1. What is MPC-based private key security?**
MPC-based private key security is a form of cryptography that involves multiple parties jointly managing the keys to an asset. This allows for decentralized custody solutions that are more secure and efficient than traditional custody methods.
**2. What kind of licenses is Cobo applying for in Hong Kong?**
Cobo is applying for licenses based on the existing regulatory framework in Hong Kong. This will allow it to expand its operations in the region and better serve its clients.
**3. What are some of the advantages of MPC-based custody solutions?**
MPC-based custody solutions are more secure and efficient than traditional custody methods. They eliminate the need for a single point of failure, and can be more cost-effective since they don’t require specialized hardware or other expensive infrastructure.