Breaking News
Hope.money Partners with Cobo to Expand its Distributed Reserve Network
Distributed stablecoin project Hope.money announced to partner up with Cobo, a globally trusted leader in digital asset custody solutions, on its custodian technology solutions. This partnership represents a significant milestone in the decentralization of Hope.money’s reserve network. Previously Hope.money had chosen Coinbase Custody as its initial digital asset custodian.
Founded in 2017 and headquartered in Singapore, Cobo is one of the largest digital asset custodians globally, trusted by over 500 institutional clients across Asia, Europe, the Middle East, and North and South America, with billions of dollars in assets under custody. From custodial wallets to non-custodial solutions including advanced multi-party computation (MPC) and smart contract-based custody, Cobo empowers institutions to secure and manage their digital assets their way.
Ethereum’s Shanghai Upgrade has sparked a surge of interest in Liquid Staking Derivatives (LSDs). The partnership enables Hope.money to experiment on the possibility to include stETH to its pool of reserve alongside the existing BTC and ETH. Hope.money users can stake ETH with Lido and receive stETH, under the custody of Cobo Argus, to earn native yields and avoid opportunity costs when minting $HOPE. While holding ETH alone does not generate this portion of income, the partnership with Cobo will potentially benefit all parties within the ecosystem.
Flex Yang, Founder of Hope.money, stated, “We are excited to announce our collaborative efforts with Cobo, which will provide our users with greater yield opportunities while enhancing the ecosystem’s capital efficiency and decentralization simultaneously. Together, we can achieve efficient and specific interaction with DeFi protocols through role-based access controls, creating a more secure DeFi environment for all users.”
People In This Post
- Bluefin and Basis Theory Partner to Enable Unified Tokenization Across Digital and In-Person Payments Read more
- Invest Bank and AUTON8 Build Partnership to Drive Digital Resilience and Banking Agility Read more
- ING’s AI Roadmap: Platform, People, and Agentic AI Read more
- UK-fintech Provided Over £17.5m in Emergency Wage Advances to More Than 55,000 Employees in the Last Year Read more
- TreviPay Announces AI-Powered Growth Center to Help Enterprises Predict Buyer Behavior and Drive B2B Sales Read more

