This collaboration enables Cobo users to build and interact with Scroll with ease, efficiency, and enterprise-grade security. Cobo users can now add Scroll chain assets to their wallets, access decentralized applications (dApps) via the Cobo Connect browser extension, and leverage Cobo’s Wallet-as-a-Service (WaaS) APIs and SDKs to build new applications on Scroll.

As a leader in the field, Cobo offers unparalleled support for a broad spectrum of digital assets, encompassing over 2,100 tokens across more than 80 blockchains. The collaboration with Scroll further expands Cobo’s already extensive blockchain network support, reinforcing its role as a pivotal player in the global digital asset industry.

Designed by and for Ethereum developers, Scroll aims to deliver a secure, swift, and scalable blockchain platform that seamlessly extends Ethereum’s capabilities, enabling apps to scale without any surprises. Scroll is compatible at bytecode level, therefore existing Ethereum apps can migrate onto Scroll as-is, and at a significantly reduced cost.

“This collaboration with Scroll underscores our commitment to enhancing and expanding the digital asset ecosystem,” said Dr. Changhao Jiang, CTO and Co-Founder of Cobo. “By combining forces, we aim to provide developers and institutions with a trusted foundation for their operations on this innovative network.”

 

“With Cobo’s proven track record and industry-leading custody technologies, we are excited to collaborate and offer an efficient environment for developers and users alike,” said Sandy Peng, Co-Founder of Scroll.

About Cobo

Cobo is a globally trusted leader in digital asset custody solutions. As the world’s first omni-custody platform, Cobo offers a complete range of solutions – from custodial wallets to non-custodial wallets, including MPC and smart contract wallets, as well as Wallet-as-a-Service, an on-chain digital asset management platform (Argus), and an off-exchange settlement network (SuperLoop). Trusted by over 500 institutions with billions in assets under custody, Cobo inspires confidence in digital asset ownership by enabling safe and efficient management of digital assets and interactions with Web 3. Cobo is ISO 27001 and SOC2 (Type 1 and Type 2)-certified, and licensed in 4 jurisdictions. In recognition of its industry-leading innovations, Cobo has earned accolades from Hedgeweek, Global Custodian, among others.

Website | Twitter

About Scroll

Scroll is building a secure, bytecode-level equivalent zkEVM zk-Rollup to scale Ethereum. Existing Ethereum applications can migrate onto Scroll as is. Scroll is open-sourced from day one, collaborating closely with the Ethereum Foundation, and dedicated to scaling Ethereum for the next billion users.

Website | Twitter

SOURCE: COBO BLOG

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Scroll said Polychain Capital led the funding, with Bain Capital Crypto, Robot Ventures, Geometry DAO, and others participating.

With fresh capital in hand, Scroll plans to increase its team size and launch a testnet.

Their goal is to make interacting with Layer 2 as easy as interacting with Layer 1 Ethereum for both developers and end-users. Because Scroll is fully EVM-equivalent, the experience will be exactly the same, with significantly reduced gas fees and increased throughput.

Scroll is building a zkEVM to trustlessly prove the valid execution of smart contract code. Unlike other zkVMs, it achieves bytecode-level compatibility with Ethereum, meaning all EVM opcodes behave the same as on the base layer.

This means developers can expect their code to behave the same on Scroll and ordinary Ethereum, allowing seamless migration. It also enables integration with existing Ethereum infrastructure without any modifications.

In addition to the zkEVM-based execution layer, they will build a robust outsourcing mechanism to enable a decentralized network of Rollers to generate ZKPs. They aim to allow anyone to participate in our open proving network.

About Scroll

Scroll Tech aims to build an EVM-compatible zk-Rollup with a strong proving network.

Website ♦ Twitter

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