BitGo: Will create a joint venture with BiT Global to provide multi-jurisdictional custody for WBTC
According to the official BitGo blog, BitGo and BiT Global are creating a joint venture to diversify WBTC's custody and cold storage businesses across multiple jurisdictions, and BitGo will become a minority shareholder in the new joint venture. The custody change will be seamless and transparent to the WBTC community, with a transition period of 60 days. The new solution will use the same BitGo multi-signature technology and cold storage technology that has been used to protect Bitcoin since 2019.It is reported that BiT Global is a regulated trust and company service provider (TCSP) headquartered in Hong Kong, which has a strategic partnership with Justin Sun and the Tron ecosystem.
Digital asset trust and security company BitGo joins Hedera Council
Digital asset trust and security company BitGo has announced its membership in the Hedera Council to further promote the development of the Hedera network and support innovation. BitGo is the 32nd member of the council, which is dedicated to network innovation, stability, and continued decentralization of Hedera. Council members operate initial network nodes and have equal voting rights in the direction of Hedera software and services.
BitGo acquires Brassica to enter RWA tokenization space
Cryptocurrency financial services company BitGo has acquired Brassica, a company focused on alternative asset investment infrastructure, as part of its efforts to promote the tokenization of RWA. BitGo and Brassica declined to disclose the specific terms of the transaction. Brassica provides back-end infrastructure services for private securities and alternative investments, including multi-asset custody, record keeping, and transfer agency services. Youngro Lee, CEO of Brassica, pointed out that the two companies are seeking to establish infrastructure that allows alternative assets to be traded on a large scale in a manner similar to publicly traded stocks.
BitGo adds support for L1 blockchain Coreum tokens
BitGo has announced the addition of support for the enterprise-level layer1 blockchain Coreum's native token COREUM. BitGo customers can now hold COREUM under regulated custody to ensure the security of their digital assets. BitGo can integrate COREUM wallets and staking REST APIs. Developers, enterprises, and users can now seamlessly connect to the Coreum blockchain and build on it.
BitGo secures investment from armored vehicle manufacturer Brink's
Armored vehicle manufacturer Brink's has made a strategic investment in cryptocurrency custodian BitGo. The financial details of the investment have not been disclosed. This is not the first time Brink's has entered the digital asset field, as this physical security company has been working with Swiss cryptocurrency custodian company Metaco since 2022.
Brink's Makes Strategic Investment in Cryptocurrency Custody Specialist BitGo
Cash handling company Brink's has made a strategic investment in BitGo, a cryptocurrency custody specialist. The financial details of the investment have not been disclosed. Brink's secure logistics network will provide support for the fragmented master keys and physical hardware security modules required by institutions investing billions on behalf of clients. BitGo Trust president Jody Mettler said the partnership would allow the company to leverage Brink's network and expertise in regions such as Asia Pacific and EMEA.
SEC-registered investment advisor Wave Digital Assets enters custody partnership with BitGo
SEC registered investment advisor Wave Digital Assets has entered into a partnership with BitGo. Wave Digital Assets will use BitGo's custody services to provide digital asset security for clients' fund strategies. BitGo clients' assets will be stored in a trust company that is free from bankruptcy and has undergone SOC1 and SOC2 2 audits, and will be covered by a $250 million insurance policy, which covers losses, theft, or abuse.
BitGo adds Agoric BLD token to its custody offering
BitGo, a leading provider of cryptocurrency security and custody services, announced the addition of Agoric BLD tokens to its custody products. BitGo users can now have wider access to the Agoric ecosystem while utilizing institutional-grade security and seamless API integration provided by the custody institution.
BitGo and Copper are integrating their respective custody and settlement networks to enable cold storage transactions
Cryptocurrency custody companies BitGo and Copper are integrating their respective custody settlement networks. This is a way of trading that is increasingly being used on major exchanges, where users' assets will not leave the secure range of cold storage.<br>The combination of BitGo's Go Network and Copper's ClearLoop system will allow users to access exchanges such as Bybit, OKX, Powertrade, Bitget, Gate.io, Deribit, BIT, Bitfinex, and Bitstamp.
BitGo Receives German Cryptocurrency Custody License
Cryptocurrency custody company BitGo has been granted a cryptocurrency custody license by the Federal Financial Supervisory Authority (BaFin) in Germany.BitGo was approved for the New York Trust Charter by the New York Department of Financial Services (NYDFS) in 2021 and has been storing cryptocurrency assets for its clients under the supervision of BaFin since 2019 as part of a transitional system.