XLink has entered into a strategic collaboration with crypto custody provider Cobo, and UK-based blockchain protection company Coincover, to deliver enhanced security and reliability to Bitcoin users.
“This collaboration is a key part of XLink’s strategy to grow its influence in the Bitcoin decentralized finance (DeFi) space,” XLink said in a statement shared with AlexaBlockchain.
XLink, known for enhancing Bitcoin functionality across various blockchain networks, will deploy Cobo’s cutting-edge MPC custody technology alongside Coincover’s robust disaster recovery services. The amalgamation of these solutions aims to address prevalent vulnerabilities such as hacking, thefts, and operational disruptions.
At the core of this collaboration lies Cobo’s MPC Co-Managed Custody solution, a formidable arsenal against both external threats and internal breaches.
Dr. Changhao Jiang, CTO and Co-Founder of Cobo, affirmed that the integration of Cobo’s MPC technology into XLink’s DeFi platform is a significant stride forward in enhancing security protocols within the Bitcoin Layer 2 landscape.
Coincover’s disaster recovery services, renowned for providing an essential safety net during unforeseen disruptions, further bolster the resilience of XLink’s platform.
Alex Saleh, Head of Partnerships at Coincover, underscored the importance of instilling confidence among users by ensuring operational continuity at all times, underscoring Coincover’s dedication to creating a secure environment for crypto enthusiasts.
“By uniting with Cobo and Coincover, XLink is poised to become the liquidity hub of Bitcoin DeFi, reshaping its ecosystem by delivering unparalleled security and an exceptional user experience,” Dr. Chan Ahn, XLink CTO and Co-founder, said in a statement.
“With the advanced security technologies and protections in place, we are excited to unlock the full potential of Bitcoin and usher in a new era of DeFi,” Ahn added.
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