Cobo, a provider of digital asset custody and wallet solutions, announced that its MPC (Multi-Party Computation) wallet infrastructure has been adopted by Transak, a global crypto-fiat platform. This deployment will support Transak's OTC, enterprise funds flow, and merchant acquiring businesses. Transak, backed by investors including IDG Capital and Tether, currently offers crypto and fiat deposit and withdrawal services in over 75 countries. With growing demand for institutional settlement of stablecoins globally, Cobo's MPC technology will enable Transak to achieve more efficient and secure fund flows and expand its business in core markets such as Europe and the United States.