Cactus Custody partners with Fly Wing to launch an institutional-grade OTC Desk, deepening the one-stop digital asset service layout

ChainCatcher news, Cactus Custody, a compliant digital asset custody institution under Matrixport holding a TCSP license in Hong Kong, announced today a strategic partnership with Fly Wing Technologies Pte Ltd (referred to as "Fly Wing") to launch the Cactus OTC Desk, an over-the-counter trading service platform aimed at institutional clients, designed to provide secure, compliant, and transparent fiat settlement solutions for institutional clients.

Fly Wing holds a major payment institution license issued by the Monetary Authority of Singapore (MAS), enabling it to provide compliant digital payment token services for over-the-counter trading.

Cactus Custody has recently completed integration with the Singapore Gulf Bank (SGB) system, capable of providing compliant fiat custody and 24/7 deposit and withdrawal services for institutional clients. With the official launch of Cactus OTC Desk, institutional clients will gain a more flexible and convenient fiat settlement channel, further consolidating Cactus Custody's leading position as a one-stop digital asset service platform.