CoinsDo and Nemean Forge Strategic Partnership to Enhance Security in the Trillion-Dollar Digital Asset Industry

Singapore, 16th September 2024 - CoinsDo, a pioneering force in Wallet-as-a-Service (WaaS) for institutional digital asset management, is excited to announce a landmark partnership with Nemean, a leader in digital asset custody and recovery solutions. This collaboration is poised to set new industry standards in security and efficiency, addressing critical needs in a market projected to reach $10 trillion by 2030.

As digital assets become an integral part of the global financial ecosystem, the importance of secure, scalable, and efficient management cannot be overstated. Over $1.1 billion in digital assets were lost to hacks and security breaches in the first half of 2024 alone, highlighting the urgent need for robust solutions that protect institutional investments. CoinsDo is well-known for its innovative WaaS platform that enables institutions to automate critical operations, such as asset dispatch and withdrawals across multiple blockchain networks, as well as their high level of MPC-powered (Multiparty Computation) security.

Nemean’s expertise in asset custody and recovery enhances the overall security framework of CoinsDo’s platform, offering institutional clients additional safeguards and assurance that their assets are protected against even the most sophisticated cyber threats.

Nemean also adds tremendous value from an operational efficiency standpoint in this partnership. In the rare event of a security breach, Nemean’s recovery solutions provide a reliable and swift method to retrieve and restore digital assets, minimizing downtime and financial impact.

As the digital asset market continues to grow, the partnership between CoinsDo and Nemean is a forward-looking move that positions both companies at the forefront of the industry. Together, they are committed to driving innovation and setting new benchmarks for security, efficiency, and reliability in digital asset management.

"This partnership with Nemean represents a significant step forward in our mission to provide our clients with the most secure and efficient digital asset management experience possible. By combining our strengths, we’re setting a new standard in the industry for both security and convenience," said Weh Ming, Business Development Manager of CoinsDo.

'Nemean, a leading global Trusted Third Party digital asset safeguarding firm, and Coinsdo, a pioneering blockchain technology company, are excited to announce a strategic joint venture. This partnership aims to leverage Nemean's cutting-edge security solutions and Coinsdo's innovative blockchain expertise to deliver state-of-the-art, secure digital platforms for institutional businesses worldwide. Together, the companies will accelerate the development of highly secure, decentralized applications tailored to meet the growing demand for transparency and data protection in the digital economy. The joint venture underscores both companies' commitment to advancing trust and security in the blockchain space.' said Rich Q-Roberts, CEO of Nemean.