Cobo’s Big Plans: Expanding in Hong Kong with Next-Generation Private Key Security

On April 10th, it was reported that at the roundtable forum of “Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue”, Cobo co founder and CEO Shen Yu stated in response to Cobo’s development plan in Hong Kong that he is currently applying for more licenses based on the existing regulatory framework; In terms of product technology, Cobo will not only provide centralized custody solutions to meet the needs of compliant funds, but also focus on the development of next-generation private key security, providing decentralized custody based on MPC; In terms of personnel technology, we plan to expand our team in Hong Kong and accumulate more professional and business personnel; In terms of asset management, we will explore some on chain opportunities with partners and explore new sources of revenue. （Foresight）

Shenyu: Cobo is applying for a license based on the existing regulatory framework in Hong Kong and plans to expand its Hong Kong team

Cobo co-founder and CEO Shen Yu recently revealed Cobo’s development plans in Hong Kong at the Big Wave Taosha | Web3 Continuous Entrepreneurs Xiangjiang Dialogue roundtable forum on April 10th. Yu outlined Cobo’s ambitious plans to expand their team, acquire more licenses, explore on-chain opportunities, and focus on next-generation private key security.

The Need for Compliance

Cobo plans to provide centralized custody solutions to fulfill the needs of compliant funds. As many investors require more secure and compliant funds, Cobo recognizes that it is critical to have such solutions available for investors.

Next-Generation Private Key Security

In addition to centralized custody solutions, Cobo aims to focus on next-generation private key security. With decentralized custody based on MPC, Cobo will provide a more secure way of protecting private keys. This approach will help prevent loss or theft of assets due to security breaches, making Cobo a more trustworthy player in the industry.

Personnel Technology

Cobo has plans to expand their team in Hong Kong with the goal of accumulating more professional and business personnel. This strategic move will help establish a stronger presence in the region, and ensure that they have access to the latest talent and expertise.

Exploring On-Chain Opportunities

Cobo is continually looking for new sources of revenue, and exploring on-chain opportunities is one way they plan to achieve this goal. With the right partners, Cobo believes there is great potential for discovering new opportunities in this area, which will help diversify their revenue streams.

Conclusion

In conclusion, Cobo’s expansion goals in Hong Kong are ambitious, and their plans for next-generation private keys are exciting. With more centralized custody solutions, a larger and more diverse team, and exploring on-chain opportunities, Cobo is well on their way to cementing their role as a leader in the cryptocurrency industry.

FAQs:

1. What is Cobo’s plan for private key security?
Cobo plans to focus on next-generation private key security, providing decentralized custody based on MPC.
2. What does Cobo aim to achieve by exploring on-chain opportunities?
Cobo hopes to discover new sources of revenue and diversify their streams of income by exploring on-chain opportunities.
3. Why is it important for Cobo to provide compliant funds?
Compliant funds are essential for investors who require more secure and regulated investments. Cobo recognizes the need to have these solutions available for investors to remain trustworthy in the industry.