Based on TechFlow, Cactus Custody, the Hong Kong TCSP-licensed digital asset custodian under Matrixport, has partnered with Fly Wing Technologies Pte Ltd to launch Cactus OTC Desk, an over-the-counter trading service for institutional clients. The service, which supports USDT/USD and USDC/USD trading pairs, offers secure, compliant, and transparent fiat settlement via bank transfers. Cactus Custody users must complete Fly Wing’s eKYC to access the service. The platform also integrates with Singapore Gulf Bank (SGB) for 24/7 fiat custody and settlement. Cactus Custody CEO Wendy Jiang emphasized the platform’s commitment to security and compliance, aiming to bridge traditional finance and Web3. The OTC Desk is the first of many planned integrations with compliant OTC providers.
Cactus Custody Launches OTC Desk with Fly Wing to Enhance Institutional Services
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