Cobo, a digital asset custody and wallet solutions provider, announced that its MPC (Multi-Party Computation) wallet infrastructure has been adopted by Transak, a global crypto-fiat service platform. This deployment will support Transak's OTC, enterprise funds flow, and merchant acquiring businesses.

Transak, backed by investors including IDG Capital and Tether, currently offers crypto and fiat deposit and withdrawal services in over 75 countries. As institutional settlement demand for stablecoins grows globally, Cobo's MPC technology will help Transak achieve more efficient and secure capital flows and expand its business in core markets such as Europe and the United States.