ETransfer Partners with Cobo to Elevate Cross-Chain Transfers on aelf

Singapore, 3 December 2024 — ETransfer, a specialised cross-chain bridge-swap decentralised application (dApp), today announced its partnership with Cobo, a leading global provider of digital asset custody solutions. Built on aelf network, a leading Layer 1 AI-enhanced blockchain, and available on Portkey, an account abstraction Web3 wallet, ETransfer has integrated Cobo's Custodial Wallets solution to provide greater security and multi-chain scalability to the broader Web3 ecosystem.

ETransfer's successful integration of Cobo's secure custodial wallet infrastructure, backed by Cobo's ISO 27001 and SOC 2 certifications, delivers robust, bank-grade security for ETransfer's users. This ensures that ETransfer's bridge-swap functions uphold the highest standards of safety and reliability for cross-chain bridging and token swapping.

By leveraging Cobo's Custodial Wallets, ETransfer benefits from a robust 3-tier (hot, warm, cold) storage architecture designed to maximize security and efficiency. 95% of assets are secured in cold wallets, where offline private keys are distributed across global locations for enhanced protection, while the remaining 5% are stored in hot and warm wallets to facilitate fast withdrawals. The 3-tier architecture is fortified by Cobo's advanced Hardware Security Modules (HSM), rigorous risk control protocols, and a zero-trust architecture.

For comprehensive asset protection, ETransfer also utilizes Cobo’s Anti-Money Laundering (AML) services, and Know Your Transaction (KYT) solutions powered by industry leaders such as Chainalysis, Elliptic, and Beosin. These services ensure robust compliance and optimal security for ETransfer’s users during every transaction.

The partnership between ETransfer and Cobo marks a significant step in addressing the evolving security challenges of the cryptocurrency sector. As global digital asset adoption continues to grow, this collaboration is poised to redefine secure cryptocurrency transactions. By leveraging Cobo’s expertise, ETransfer is enhancing its dApp to offer a more secure and efficient environment for bridging and swapping within decentralised finance (DeFi), paving the way for a secure and flexible DeFi future.

About ETransfer

ETransfer is a cutting-edge cross-chain bridge-swap platform powered by aelf blockchain. Designed to facilitate seamless token transfers, swaps, and bridging between any two blockchain networks, ETransfer addresses the critical need for interoperability between the different heterogeneous blockchain ecosystems.

ETransfer stands out with its five key features: enhanced security through top-tier third-party custody, faster transaction speeds compared to traditional cross-chain services, low cross-chain fees, an intuitive interface for easy deposit and withdrawal processes, and complete transparency with all blockchain transactions recorded and displayed on the dApp.

For more information, please visit https://etransfer.exchange/ and follow ETransfer’s socials on X and Telegram.

About Cobo

Cobo is a trusted leader in digital asset custody and wallet infrastructure solutions. Founded in 2017 by blockchain pioneers, Cobo is trusted by more than 500 organizations worldwide, safeguarding billions of dollars in assets with a zero-incident security track record. 

Today, Cobo provides the industry’s only unified digital asset wallet platform that integrates all 4 wallet technologies in one place – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. By combining a comprehensive suite of wallet solutions with advanced risk controls and developer tools, Cobo empowers organizations and developers to innovate and scale with ease. 

Visit www.cobo.com for more information.

Disclaimer: The information provided in this press announcement is for general informational purposes only and does not constitute legal, financial, or investment advice. ETransfer makes no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or reliability of the information provided in this press announcement. ETransfer reserves all rights not expressly granted in this press announcement.