Matrixport Integrates Cactus Customer with NEAR Protocol for Improved Security and DeFi Connectivity

According to reports, Matrixport, a crypto financial services company under Wu Jihan, announced the integration of its institutional qualified custody service Cactus Customer with the Layer 1 blockchain ecosystem NEAR Protocol. All Matrixport services on Cactus Customer will seamlessly support the NEAR protocol. It is reported that institutional clients will increase their confidence in protecting their native NEP-141 NEAR protocol token assets. In addition, NEP-141 compatible projects will also optimize DeFi operations, further promoting growth through Cactus Customer’s DeFi connectivity solution. （Crowdfundinsider）

Integration of qualified hosting services Cactus Customer with NEAR Protocol

As the world of blockchain and cryptocurrency expands, companies are exploring new opportunities to increase the security and connectivity of their services. Matrixport, a crypto financial services company under Wu Jihan, announced the integration of its institutional qualified custody service Cactus Customer with the Layer 1 blockchain ecosystem NEAR Protocol. This move is expected to improve security and increase confidence especially for institutional clients and NEP-141 compatible projects seeking to optimize their DeFi operations.

Understanding the Matrixport and NEAR Protocol Integration

The integration between Matrixport’s Cactus Customer and NEAR Protocol enables institutional clients to securely store and manage their native NEP-141 NEAR protocol token assets. The institutional clients will benefit from improved custody and accountability of their assets to ensure seamless accessibility and risk management. This integration will ensure that all Matrixport services on Cactus Customer fully support the NEAR protocol and compatible projects will benefit from DeFi connectivity solutions provided by the Cactus Customer.
The NEP-141 protocol is unique to the NEAR ecosystem and designed to enable the creation of interoperable tokens, enhancing the potential for DeFi services. As we know, the DeFi sector is rapidly evolving and the integration of NEAR on Cactus Customer provides seamless connectivity for NEP-141 compatible projects for enhanced growth and viability. Furthermore, the integration ensures that the NEP-141 compatible projects are accessible for all institutional clients that use Cactus Customer as the interface solution, which should prompt more investment in these projects.

Benefits for Institutional Clients

The integration of Cactus Customer with NEAR Protocol presents many benefits to institutional clients. The most important of them is that it introduces more security in the provisioning of storage and management of token assets, which further enhances the confidence of clients in storage and exchange of digital assets. The integration also provides connectivity to the rapidly growing DeFi sector via Cactus Customer’s DeFi connectivity solution.

Benefits for NEP-141 Compatible Projects

NEP-141 compatible projects will gain significant benefits through the integration of Cactus Customer and NEAR Protocol. The integration ensures that these projects can be accessed by institutional clients on the Cactus Customer platform, which brings more investments into these projects. Additionally, the DeFi connectivity solution provided by Cactus Customer ensures seamless and effective DeFi operations for NEP-141 compatible projects.

Conclusion

In conclusion, the integration of Matrixport’s Cactus Customer with NEAR Protocol offers many potential benefits to institutional clients and NEP-141 compatible projects. The improved security, seamless connectivity to DeFi operations, and more investments in the projects will further the growth of the cryptocurrency world while providing more confidence for clients.

FAQs

1. What does NEAR Protocol offer?
NEAR Protocol offers an innovative Layer 1 blockchain ecosystem designed to facilitate fast and secure transactions while enabling the creation of interoperable tokens and optimizing DeFi connectivity solutions.
2. What is the importance of the integration between Cactus Customer and NEAR Protocol?
The integration between Cactus Customer and NEAR Protocol improves security for token storage and management and provides DeFi connectivity solutions for NEP-141 compatible projects while attracting more investment into the ecosystem.
3. How does the integration between Cactus Customer and NEAR Protocol work?
The integration ensures that all Matrixport services on Cactus Customer fully support the NEAR Protocol while providing DeFi connectivity solutions for NEP-141 compatible projects through Cactus Customer’s interface solution.