Cactus Custody Facilitates $100 Million Bitcoin Staking In Babylon Project

According to Foresight News, digital asset custodian Cactus Custody has announced its role in assisting institutional users to stake $100 million worth of Bitcoin in the Babylon project. Utilizing its institutional-grade DeFi connector, Cactus Link, users can complete staking operations through a browser interface without the need for development resources. Cactus Custody emphasized that Cactus Link is equipped with multiple security measures, including transaction pre-validation, staking address pre-verification (or protection), multi-level review, hardware signature review mechanisms, Taproot address whitelisting, and auditor Ukey, to ensure the safety of user assets. Cactus Link is a DeFi connector compatible with both EVM and non-EVM chains and currently supports over 20 public chains, including Bitcoin, Solana, and Ethereum. Users can access staking services through its browser plugin.