Blockchain software firm BitGo announced on Thursday the launch of its new multi-signature wallet and custody for EOS. BitGo reported it now supports more than 200 coins and tokens enabling institutional clients to hold assets. BitGo further explained:
“The EOS token is one of the top 10 digital assets by market capitalization, and is used on the largest public blockchain that utilizes the EOSIO blockchain open-sourced software, a blockchain protocol focused on transaction speed and scaling for distributed applications.”
While sharing more details about the wallet and custody, Ben Chan, CTO of BitGo, stated:
“At BitGo we are dedicated to providing support over the wide array of digital assets our clients demand. The EOSIO software has some innovative differentiators like its high transaction capacity and fee model that required our engineering team to scale our platform. We were able to successfully create an experience for EOS users that is seamless and consistent with how we support other coins and tokens.”
BitGo went on to add that it offers security, custody, and liquidity services that are built on multi-signature security.
“All cryptocurrencies supported by BitGo are integrated using the company’s single API, which creates an easy, seamless experience for clients with no additional coding required for new coins and tokens.”
The launch of the wallet and custody comes just days after BitGo announced it has appointed former Senior Vice President at Xapo, Pete Najarian, as its new Chief Revenue Officer. Najarian has more than 20 years of experience working in international finance with institutional investors. Prior to Xapo, Najarian served as Global Head of Emerging Markets Sales for Royal Bank of Scotland, where he was responsible for the organization and leadership of institutional sales teams in 27 countries with a specific focus on Fixed Income, loans, currencies, and commodities.