Floki, a cryptocurrency that emerged as a response to a tweet by Elon Musk, has formed a strategic partnership with BitGo, a major custodian in the crypto industry. BitGo's impressive portfolio of over $64 billion in assets under management is highlighted in the announcement.

This partnership is a significant milestone for Floki as it seeks to establish itself in a highly competitive crypto market. The partnership is expected to enhance the credibility and security of Floki Inu, which is part of a group of cryptocurrencies often referred to as "meme coins." However, it is worth noting that BitGo has recently faced some legal challenges.