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Cobo Wallet-as-a-Service (WaaS)

Overview

Cobo WaaS is a Wallet-as-a-Service product that allows Web3 businesses to build and integrate an enterprise-grade wallet into their applications quickly and securely using a standardized set of APIs and SDKs.

Cobo WaaS supports over 1,800+ tokens across 70+ chains, providing military-grade security, optimized risk control frameworks, on-chain monitoring expertise, and custom workflows. Backed by Cobo’s omni-custody solution, Cobo WaaS allows clients the flexibility to choose among Full Custody, MPC Co-Managed Custody and Cobo MPC Lite as their wallet infrastructure.

Designed for institutions, Cobo WaaS significantly lowers development costs and shortens time-to-market, allowing businesses to focus on scaling their core product without worrying about the engineering costs and underlying technical complexities of building a wallet from scratch.

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Benefits

✅ Unparalleled Token Support

Cobo WaaS offers the industry’s most comprehensive coverage, supporting over 1,800+ tokens across 70+ blockchains. We are constantly adding new tokens and supporting the latest blockchain protocols to empower our users to stay ahead of the curve and confidently navigate the dynamic world of digital assets. Cobo also actively works with clients to help them launch their own tokens and chains.

✅ Swift Development

Cobo WaaS provides a full suite of RESTful APIs, empowering developers from various backgrounds to build their Web3 solutions on top of Cobo’s scalable and secure infrastructure. Meanwhile, Cobo provides client libraries in five programming languages — Python, JavaScript, Golang, Java, and PHP.

Using Cobo WaaS APIs, clients can generate and manage addresses on all supported chains, send and receive tokens, manage token sweep, interact with smart contracts, receive transaction notifications, view transaction history, and more.

Cobo WaaS has implemented security mechanisms such as API key segmentation, API key authentication, IP whitelisting, callback confirmation to ensure the integrity of every operation and transaction. Whether you are building a crypto exchange, dApp, token funds or other Web3 projects, Cobo WaaS allows you to enjoy rich functionalities with minimal wallet development efforts needed.

✅ Omni-Custody Solutions

Cobo WaaS is backed by Cobo’s omni-custody solutions, allowing you to select a preferred wallet infrastructure from Full Custody, MPC Co-Managed Custody, and Cobo MPC Lite solutions.

Full Custody will allow Cobo to conduct token sweeps for your wallets, removing you from the need to pre-fund your account or pay gas fees. Meanwhile, Cobo Full Custody allows members of Loop Alliance to settle internal transactions off-chain instantly, without fees.

MPC Co-Managed Custody allows you to co-manage funds with your clients and/or business partners through a threshold signature scheme (TSS), which eliminates single points of failure as no party can unilaterally move funds. MPC Co-Managed Custody also allows you to interact with smart contracts and NFTs. You can also build a Web3 wallet for your clients using message signing API and the calldata field in withdrawal API.

You can also leverage on the benefits of each custody solution to build a hybrid custody wallet. For example, a hot-warm wallet model by using Full Custody as the hot wallet and MPC Co-Managed Custody as the warm wallet. Alternatively, you can opt for a deposit-withdrawal model by using Full Custody as the deposit wallet and MPC Co-Managed Custody as the withdrawal wallet. This setup offers a powerful combination of features by leveraging the benefits of auto token sweeps and off-chain transactions from Full Custody, while incorporating the advantages of decentralized private key storage and management from MPC Custody.

✅ Advanced Risk Management

Cobo WaaS leverages Cobo’s superior risk management framework to effectively combat against every attack vector. Through Cobo’s intuitive platform, you can effortlessly customize granular policy rules such as spending limits, whitelists, blacklists, and more, as well as implement real-time on-chain monitoring and notification alerts.

✅ Role-based Access Controls and Custom Workflows

Cobo WaaS supports role-based access controls and a highly customizable workflow engine that adapts to the specific needs and scale of institutions. For instance, you can set up roles such as Admin, Spender, Approver and Operator to segregate user privileges. You can also configure and automate authorization workflows to streamline your operations. To ensure the integrity of each operation, Cobo Auth mobile app serves as a 2FA to support multi-role and multi-level authentication.


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 3.0. Cobo is SOC2 Type 1 and Type 2-compliance-certified and licensed in 5 jurisdictions.

For more information, please visit www.cobo.com or contact us at custodyservice@cobo.com.