Bybit announced a strategic partnership with Cactus Custody, a compliant licensed digital asset custody institution under the Matrixport Group. The two parties will launch a new off-exchange settlement solution through the Cactus Oasis platform, aimed at enhancing the asset security and capital efficiency for institutional clients. It is reported that institutional clients can custody their assets in regulated independent accounts, transferring them to the exchange only at the time of settlement, without the need for pre-funding. The solution is equipped with risk control mechanisms, including dual authorization and pre-authorization modes, and strictly adheres to compliance requirements. Cactus Custody holds a TCSP license from the Hong Kong Monetary Authority, and this integration will officially go live on July 28.