HUAWEI CLOUD and COBO Announce Strategic Blockchain Partnership in Asia - Blockchain.News
News

HUAWEI CLOUD and COBO Announce Strategic Blockchain Partnership in Asia

HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a "Memorandum of Understanding (MoU)" with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event.


  • Aug 18, 2023 05:30
HUAWEI CLOUD and COBO Announce Strategic Blockchain Partnership in Asia

HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a "Memorandum of Understanding (MoU)" with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event.

The collaboration between HUAWEI CLOUD and COBO is not just a partnership but a shared vision. Both entities are striving to accelerate the adoption and evolution of blockchain technology across Asia. HUAWEI, with its extensive experience spanning over three decades in ICT infrastructure products and solutions, has always been at the forefront of technological innovation. Their recent strategy, "everything as a service", encompasses Infrastructure-as-a-Service, Technology-as-a-Service, and Expertise-as-a-Service. This strategy aims to empower its customers with the latest in cloud services, data, AI, and more. With a global footprint, HUAWEI CLOUD offers over 220 cloud services and solutions. In the Asia Pacific region alone, they have a strong presence with operational nodes in Singapore, Hong Kong (China), Thailand, and Malaysia, serving a myriad of industries including Web3, fintech, logistics, and media.

On the other side of this partnership, COBO, a globally recognized leader in digital asset custody solutions, has been pioneering innovations with its world's first omni-custody platform. Their offerings span from full custody, co-managed MPC custody, to fully decentralized custody. They also provide wallet-as-a-service, advanced DeFi investment tools, and an off-exchange settlement network. With the trust of over 500 institutions and billions in assets under their management, COBO has consistently demonstrated its commitment to ensuring the secure and efficient management of digital assets, especially in the Web 3.0 era. Their achievements are further solidified with SOC2 Type 1 and Type 2 compliance certifications and licenses across five jurisdictions.

Together, HUAWEI CLOUD and COBO are set to introduce a robust, resilient, and supremely secure wallet infrastructure, which is seen as a foundational element for the emerging Web3.0. 

Combining their unique capabilities, profound knowledge, and extensive connections, they seek to spearhead advancements, encourage collaboration across the sector, and become central figures in the growth and transformation of the blockchain sphere throughout Asia and globally.

The collaboration transcends a mere business agreement; it embodies a dedication to the promising horizon of blockchain and its transformative power across sectors, economies, and individual lives.

Image source: Shutterstock