Cactus Custody 2.0 is now available with 6 new features

As digital assets enter the vision of mainstream financial institutions, the pace of institutionalization is accelerating, the demand for formalization and corporate management of cryptocurrency and mining companies is magnified, and the distance between cryptocurrency companies and traditional financial companies is no longer so far. Cactus Custody, originally established an internal enterprise-level digital currency financial system and institutional-level secure custody infrastructure in 2018 based on the needs of the industry leader Bitmain. After two years of hard work and evolution, Cactus Custody has grown into an independent third-party compliant custodian under Matrixport.

Since the official launch of Cactus Custody institutional custody service, we have been committed to improving user protection and experience. In terms of protection, our service entity meets regulatory requirements such as capital reserves and anti-money laundering and officially became a Hong Kong trust company and obtained a TCSP license, which enables our service to not only protect asset security at the technical level, but also provide protection for customers at the legal and compliance level.

In terms of user experience, as customer needs continue to grow, the Cactus Custody team is also committed to better meeting customer needs. In preparation for the upcoming halving, Cactus Custody has also undergone a comprehensive upgrade and recently launched version 2.0. The six major upgraded functions of the Cactus Custody financial management system allow users to manage digital assets more easily, helping customers to safely ride the bull market.

Asset Dashboard – Get a complete picture of your company’s finances in one second

Cactus Custody's new dashboard function allows users to keep abreast of the latest status of the company's assets, business and personnel. We provide customers with access to real-time asset price data, which reflects the asset market value in real time, and can be filtered and displayed by business line and asset category, so that the financial and personnel division of labor are clear at a glance. Enterprise information is fully controlled by managers.

Approval Matrix – Flexibly customize the approval process

Only when the collaboration within the enterprise is smooth can the business be carried out efficiently, especially for enterprises with cross-regional and diversified businesses. The new approval matrix can perfectly support the segmentation of business lines and various reporting and approval levels. It not only supports threshold approval (m/n), but also supports setting approval thresholds by amount, which is more flexible, controlled and safer.

Real-time dynamic reminders – stay in sync anytime, anywhere

From login to device authorization, from deposit notification to order approval, all key instructions will trigger email or SMS reminders. No matter when and where, you will not miss any important information and decisions, and it also goes an extra step for your account security.

Risk management – ​​a multi-pronged approach to ensure safety

Safety is no small matter. Cactus Custody provides a full range of risk control tools from the customer's perspective:

1. One-click account freezing/unfreezing - a safety valve for company administrators to respond to emergencies in seconds;

2. Whitelist protection allows you to deposit coins with peace of mind without worrying about mistakes;

3. Withdrawal limit: Set the withdrawal rate for different users to fine-tune the risk range

Download Center – Log flow report, all available

In the latest download center page of Cactus Custody, customers can download various transaction flows, logs and templates, and can also customize reports by business line, date and asset to facilitate internal and external reconciliation and auditing, saving employees a lot of time and reducing the probability of errors.

Dual-mode wallet – flexible withdrawals

Currently, we provide dedicated accounts. The user's assets will be stored on an independent blockchain address, which can only be controlled by the account owner. The address balance can be checked on the chain, and it supports two common storage methods: "cold" and "hot". When customers create asset wallets, Cactus Custody provides two types of wallets for customers to choose from for UTXO model assets: address hybrid wallets and address isolation wallets.

Hybrid wallet: Reduce the operational burden on customers. You don’t need to know the exact address to withdraw coins. You can deposit coins by selecting a wallet. The system will calculate the minimum transaction fee and automatically select a withdrawal address combination in the specified wallet for the customer.

Isolated wallet: customers can withdraw money precisely to the address.

Both types of wallets support batch transfer of coins, reducing the operational burden on financial personnel.

Cactus Custody's vision is to bring safe, transparent and efficient services to the industry, while deepening the understanding of the market and customer needs, keeping improving, continuously optimizing the user experience, constantly introducing new value-added functions, always standing from the customer's perspective, and helping the industry move forward.