Cactus Custody's Institutional DeFi Connector Stakes $100 Million in BTC on Babylon

BlockBeats news, On October 9, 2024, Cactus Custody enabled institutional clients to stake $100 million in Bitcoin through the Babylon project. Using the advanced Cactus Link DeFi connector, users can easily stake directly via their browser, with no development resources required.

Cactus Link, Babylon's first institutional-grade DeFi connector, offers robust security features, including transaction pre-validation, staking address verification, multi-level approvals, hardware signature checks, Taproot whitelisting, and auditor Ukey protection. These features ensure maximum asset security, providing confidence even for first-time users.

As the first DeFi connector to support EVM and non-EVM chains, Cactus Link integrates with over 20 blockchains, including Bitcoin, Solana, and Ethereum. Users can seamlessly stake across ecosystems without needing mnemonic phrases, accessing a simple, efficient process through a browser plugin.

For more details on Cactus Link, visit the official product page.