The collaboration will support Wowoo Exchange in reaching its goal of meeting global compliance regulations and ensuring security for customers, according to a press release published May 16.
“The partnership with Onchain Custodian supports our vision of building a highly-secure exchange where our clients can buy, sell, and trade cryptocurrencies with confidence,” said Willie Chang, CEO of Wowoo Exchange.
Chang announced the collaboration at Consensus 2019, an annual gathering of companies, developers, and investors in the cryptocurrency and blockchain industries.
Onchain Custodian is a Singapore-based firm that offers custody services for the protection of institutional digital asset investments.
The company is supported by Fosun, DHVC, and Sequoia Capital.
Wowoo Exchange is set for launch in June.