HUAWEI CLOUD AND COBO ESTABLISH PARTNERSHIP TO DRIVE TRANSFORMATIONAL GROWTH IN BLOCKCHAIN TECHNOLOGY

HUAWEI CLOUD has signed a Memorandum of Understanding with COBO SINGAPORE PTE.LTD. 

SINGAPORE, Aug. 18, 2023 /PRNewswire/ -- HUAWEI CLOUD, the leading cloud service brand under technology giant Huawei, officially announced that it has signed a Memorandum of Understanding (MoU) with COBO, a globally trusted leader in digital asset custody solutions, at a private closed door event.

This partnership between HUAWEI CLOUD and COBO represents a significant milestone in their shared vision to accelerate the adoption and advancement of blockchain technology in Asia. As a major player in the industry, HUAWEI is widely recognized for its comprehensive cloud-based offerings, and together with COBO's industry-leading digital asset custody technologies, they will deliver a reliable, robust, and highly secure wallet infrastructure - a foundational element of Web3.0.

Drawing upon their respective expertise and extensive networks, HUAWEI CLOUD and COBO will engage in a series of collaborative activities to drive innovation, foster industry-wide collaboration, and contribute to the overall growth and development of the blockchain landscape.

About HUAWEI CLOUD

HUAWEI CLOUD, a leading cloud service provider, leverages Huawei's extensive expertise in ICT infrastructure products and solutions accumulated over more than 30 years. This year, HUAWEI CLOUD unveiled its latest strategy: "everything as a service". This encompasses Infrastructure-as-a-Service, Technology-as-a-Service, and Expertise-as-a-Service. HUAWEI CLOUD aims to empower its customers with the latest innovative technologies in cloud services, data, AI, and more at their fingertips.

Currently, HUAWEI CLOUD offers over 220 cloud services and solutions around the world. In the Asia Pacific region, HUAWEI CLOUD operates local nodes in Singapore, Hong Kong (China), Thailand, and Malaysia. With more than 500 local partners, HUAWEI CLOUD delivers tailored cloud services and solutions to hundreds of customers across more than 10 industries, including Web3, fintech, logistic, media, and others.

For more information please visit: www.huaweicloud.com

About COBO

COBO is a globally trusted leader in digital asset custody solutions. As the world's first omni-custody platform, COBO offers the full spectrum of solutions from full custody, co-managed MPC custody, to fully decentralized custody as well as wallet-as-a-service, advanced DeFi investment tools and an off-exchange settlement network. Trusted by over 500 institutions with billions in assets under custody, COBO inspires confidence in digital asset ownership by enabling safe and efficient management of digital assets and interactions with Web 3. COBO is SOC2 Type 1 and Type 2-compliance-certified and licensed in 5 jurisdictions.

For more information, please visit www.cobo.com

SOURCE HUAWEI CLOUD