On October 9, COINOTAG reported a significant development in the crypto sector, as Cactus Custody announced its successful facilitation of a $100 million Bitcoin pledge for institutional participants involved in the Babylon project. This milestone was achieved through the groundbreaking Cactus Link DeFi connector, designed specifically for institutional use. With its user-friendly browser interface, institutional users can execute pledge operations without extensive technical integration.
Cactus Link stands out as the first institutional-grade DeFi connector, bolstered by advanced security measures such as Taproot address whitelisting and comprehensive asset protection via the auditor Ukey. This ensures that users, especially those new to the platform, can engage with confidence. Notably, Cactus Link is compatible with both EVM and non-EVM chains, currently supporting over 20 public chains, including Bitcoin, Solana, and Ethereum. Users can connect seamlessly without the need for mnemonic phrase management, thus streamlining access to efficient staking services.
For additional details on the functionalities of Cactus Link and its impact on institutional investments in DeFi, interested parties are encouraged to visit the official product page, where they can deepen their understanding of this innovative solution.