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April 17th, 2025 — TruBit, the leading crypto payment and trading platform in Latin America, announced today that it is deepening its strategic partnership with Cobo, a global leader in digital asset custody and wallet infrastructure. This expanded collaboration aims to further enhance the security and operational efficiency of user assets, marking a significant milestone in both parties’ efforts to advance infrastructure and security standards within the crypto industry.
As the digital asset market continues its rapid growth, security breaches and hacking incidents have become increasingly prevalent. According to Chainalysis, in 2024, global losses from security vulnerabilities exceeded USD 2.2 billion, underscoring the urgent need for robust security frameworks within the industry. Against this backdrop, TruBit and Cobo are reinforcing their alliance with a shared mission: to place user asset protection at the center of a more resilient and trustworthy crypto ecosystem.
Maggie Wu, Co-Founder and CEO of TruBit, said:
"Since TruBit’s founding in 2020, we have firmly chosen to partner with Cobo rather than managing user assets internally. We believe that only by leveraging industry-leading digital asset custody solutions can we maximize the protection of user assets — a principle we have always upheld. The past five years have proven that this decision was right. With Cobo’s exceptional security capabilities, our users’ assets have remained well protected. Building on this solid foundation, TruBit and Cobo will now move towards a more comprehensive and in-depth strategic collaboration, jointly addressing evolving security challenges and creating a safer and more trustworthy trading environment for our users."
Discus Fish, Co-Founder and CEO of Cobo said:
“At Cobo, we’ve built our reputation on delivering uncompromising security and a flawless track record. Our deepened partnership with TruBit reflects a shared commitment to protecting users in an increasingly complex threat landscape. We’re proud to provide the custody infrastructure that keeps their users’ assets secure, 24/7, as we work together to set new standards for operational excellence and trust in the digital asset space.”
Comprehensive Security Across Custody Solutions
The enhanced collaboration spans centralized custody to MPC (Multi-Party Computation) co-management solutions. TruBit and Cobo will work closely to optimize access control, risk management, and operational workflows. Cobo’s MPC technology, based on advanced multi-party computation and threshold signature schemes (TSS), uses distributed key shares and secure policy controls to eliminate single points of failure. With role-based access controls, approval workflows, and customizable signature thresholds, this architecture delivers military-grade protection for TruBit’s user assets—ensuring secure key management, flexible governance, and robust asset recovery capabilities.
These technological safeguards significantly mitigate single-point-of-failure risks, creating an exceptionally secure, agile, and efficient crypto payment and trading trading environment for users.
Key Highlights of the Deepened Strategic Partnership
The expanded partnership between Cobo and TruBit underscores their shared commitment to institutional trust, combining robust custody infrastructure with compliant, secure, and transparent crypto solutions tailored for global enterprises.
Institutional-Grade Asset Protection
By leveraging Cobo’s cutting-edge MPC and TSS technologies, TruBit offers industry-grade security for user assets while enhancing fund flexibility and operational efficiency.
Industry-Leading Risk Management
Cobo implements KYT (Know Your Transaction) technology for real-time identification, monitoring, and risk assessment of blockchain addresses and transactions. This enables effective detection of money laundering, fraud, and other high-risk behaviors. Combined with real-time threat monitoring, layered defense mechanisms, and mature security operations processes, TruBit ensures stable platform operations even in extreme market conditions, minimizing operational and reputational risks.
Compliance-Driven, Globally Recognized Standards
Cobo provides a trusted infrastructure backed by internationally recognized certifications such as SOC 2 Type 2 and ISO 27001, and holds financial licenses across multiple jurisdictions.
Enhancing Global Payment Connectivity
Leveraging TruBit Business's robust fiat on-ramp and off-ramp capabilities in the Latin American market, TruBit now serves as a key node supporting Cobo's ecosystem in enabling seamless conversion between crypto assets and fiat currencies across markets such as Mexico, Argentina, Brazil, and Chile.
Open Ecosystem Collaboration
Both parties will integrate global ecosystem resources, including KYC/KYT providers, market makers, liquidity providers, and payment partners, to build a comprehensive and collaborative crypto trading infrastructure.
Proven Track Record of Secure Operations
Since its inception five years ago, TruBit has maintained an impeccable record of zero security incidents, consistently delivering secure, stable, and efficient crypto payment and trading services to users worldwide.
This collaboration not only reinforces both parties' leadership in digital asset security but also sets new standards for security and scalability across the crypto industry. Moving forward, TruBit and Cobo will continue to deepen their cooperation, jointly building a safer, more efficient global digital asset ecosystem.
About Cobo
Cobo is a trusted leader in digital asset custody and wallet infrastructure, providing an all-in-one platform for organizations and developers to easily build, automate, and scale their digital asset businesses securely.
Founded in 2017 by blockchain pioneers and headquartered in Singapore, Cobo is trusted by more than 500 leading digital asset businesses globally, safeguarding billions of dollars in assets. Today, Cobo offers the industry's only unified wallet platform that integrates all four digital asset wallet technologies – Custodial Wallets, MPC Wallets, Smart Contract Wallets, and Exchange Wallets. Committed to the highest security standards and regulatory compliance, Cobo has a zero-incident track record and holds ISO 27001, SOC2 (Type 1 and Type 2) certifications, as well as licenses in multiple jurisdictions. Recognized for its industry-leading innovations, Cobo has received accolades from prestigious entities such as Hedgeweek and Global Custodian.
For more information, please visit www.cobo.com.
About TruBit
TruBit, established in LATAM in 2020, is a comprehensive global crypto platform built on two core pillars: payments and trading. At its forefront is TruBit Business, delivering compliant cross-border payment solutions that seamlessly integrate fiat and crypto for businesses. For trading, TruBit Pro provides advanced tools for experienced traders, while the TruBit Wallet supports easy conversion and Earn+ features. The Mastercard TruBit card enables convenient crypto spending.
As a pioneer in compliant fiat on-and-off ramp services, TruBit operates in key LATAM markets like Mexico, Argentina, Brazil, Colombia, Chile, and Peru, with a growing footprint in the U.S., Hong Kong, and Europe. Its commitment to regulatory compliance, security, and innovation empowers businesses and users worldwide, bridging the gap between fiat and crypto through seamless trading, remittance, and payment services.
Media Contact info:
Jane Luo
CMO, TruBit
Cobo Media Team media@cobo.com
- Comprehensive Security Across Custody Solutions
- Key Highlights of the Deepened Strategic Partnership
- Institutional-Grade Asset Protection
- Industry-Leading Risk Management
- Compliance-Driven, Globally Recognized Standards
- Enhancing Global Payment Connectivity
- Open Ecosystem Collaboration
- Proven Track Record of Secure Operations
- About Cobo
- About TruBit
- Media Contact info: