Cobo, a digital asset custody solution provider, announced the launch of the BTC L2 bridge standard co-management solution, aiming to solve the security issue of BTC L2 funds entering and exiting. This solution is based on the Cobo MPC co-management solution. The standard signature method is 2/3. The three private key shards are divided into three pieces by the project party, Cobo and a trusted third party designated by the project party (generally an insurance company or security company). custody.
Through the Cobo BTC L2 bridge standard co-management plan, projects can develop 2/3, 3/3, 3/5 or various customized private key sharding co-management plans according to their own needs, and support global distribution of private keys; available Quickly and flexibly support the listing of BTC and various BRC currencies; if necessary, Cobo can assist the project party in real-time disclosure of the co-management amount to ensure fund transparency; in addition, Cobo has integrated KYT and AML service providers to reduce fund compliance risks.
At the same time, Cobo will also join forces with Bitmain, Antalpha, OKX Ventures, Bixin Ventures, ABCDE, SevenX Ventures, Waterdrip Capital, CoinSummer and Satoshi Lab to prioritize investment and early liquidity support for BTC ecological projects.