Tagged: bitgo

June 24, 2024 @ 6:12 am By Omar Faridi  |  

BitGo has announced support for swETH and rswETH, the liquid staking and liquid restaking tokens for Swell, respectively. Clients can now custody both in Hot, Custodial, and Self-Managed Cold wallets. As explained in a blog post by BitGo, Swell is “a decentralized finance (DeFi) platform… Read More

June 22, 2024 @ 10:21 am By Omar Faridi  |  

BitGo is pleased to announce support for W, which is the native ERC-20 governance token for Wormhole. BitGo explains that clients can now “custody W in Hot, Custodial, and Self-Managed Cold wallets.” As noted in a blog post from BitGo, Wormhole is an interoperability platform… Read More

May 5, 2024 @ 8:51 pm By Omar Faridi  |  

BitGo, the custody and wallet solutions provider for digital assets, hires Brett Reeves for BitGo’s expansion in Europe. Brett brings 20+ years of experience in traditional finance to BitGo, “including work for various global investment banks within their Prime Brokerage and OTC Clearing sales teams.”… Read More

April 25, 2024 @ 4:05 pm By Omar Faridi  |  

BitGo says it is changing from default wrapped segwit (P2SH-P2WSH) receive addresses to native segwit (P2WSH), which “require 25% less data to spend — translating to lower fees.” Since the beginning, BitGo has supported “both native segwit and wrapped segwit Bitcoin addresses.” However, many clients… Read More

April 18, 2024 @ 7:12 pm By Omar Faridi  |  

BitGo announced the launch of BitGo Ventures, BitGo’s investment arm dedicated to seeking out and fostering partnerships with FinTech infrastructure companies and blockchain projects around the world. BitGo Ventures will invest in startups “that are building secure, scalable, and digital-native financial infrastructure solutions while prioritizing… Read More

April 12, 2024 @ 6:41 pm By Omar Faridi  |  

BitGo is pleased to announce support for ARB, the native ERC-20 governance token for Arbitrum. Clients can now custody ARB in Hot, Custodial, and Self-Managed Cold wallets. Arbitrum is a Layer 2 (L2) technology designed “to enhance scaling solutions by empowering users to explore and… Read More

March 22, 2024 @ 8:49 am By Omar Faridi  |  

Bitgo is pleased to announce the official launch of WBTC on Kava. Since 2018, Wrapped Bitcoin (WBTC) has created additional liquidity “for decentralized exchanges and enhanced all decentralized applications (dApps) with BitGo Trust Company as the designated custodian.” As a result, use cases, driven by… Read More

February 8, 2024 @ 10:56 am By Omar Faridi  |  

Digital asset firm BitGo is moving into the more traditional securities sector. According to a corporate release, Bitgo has acquired Brassica – a Fintech providing digital infrastructure services to facilitate private securities and other alternative investments. Details of the transaction were not immediately available. Focusing on institutions,… Read More

February 5, 2024 @ 10:59 pm By Omar Faridi  |  

Digital asset financial instruments require regulated custodians to secure the underlying assets. BitGo’s support underscores the growing industry-wide call “for institutional-grade custody-first solutions.” BitGo has been a long-time collaborator with Valkyrie Investments, a global crypto-focused asset manager with $220 million in AUM. BitGo is the… Read More

January 26, 2024 @ 9:05 am By Omar Faridi  |  

BitGo announces its partnership and investment from Brink’s Global Services, a global leader in secure logistics and asset protection. This investment comes after BitGo’s most recent $100M Series C financing “from new, outside strategic investors with a valuation of $1.75B.” Baylor Myers, Vice President of… Read More

January 10, 2024 @ 12:08 pm By Omar Faridi  |  

BitGo will reportedly offer regulated digital payment token services in Singapore. BitGo says that it views Singapore as an “important hub” for digital asset innovation. BitGo, the provider of financial services for digital assets, confirmed recently that its subsidiary in Singapore, BitGo Singapore Pte. Ltd.,… Read More

January 4, 2024 @ 11:11 pm By Omar Faridi  |  

BitGo will serve as the official custody provider for the Hashdex Bitcoin ETF pending approval. ETF applications require regulated custodians. BitGo’s support underscores “a shared commitment by both companies to a more robust and secure market infrastructure. If approved, Hashdex Bitcoin Futures ETF (ticker: DEFI)… Read More

November 30, 2023 @ 8:36 pm By Omar Faridi  |  

Maple has partnered with BitGo in order to provide clients “with qualified custody for the Maple Secured Lending Direct Pool.” Maple explains that it “provides over-collateralized digital asset financing across a range of digital assets to institutional and high net worth clients.” Maple Finance confirmed… Read More

November 26, 2023 @ 9:44 pm By Michael Wong  |  

Korea’s cryptocurrency industry is poised for significant growth as the global crypto landscape undergoes major shifts, with Chinese crypto exchanges faltering and the world’s largest exchange, Binance, facing legal challenges in the US, the Korea Times reported. In a recent development, Binance was ordered by… Read More

November 6, 2023 @ 10:02 pm By Omar Faridi  |  

BitGo, a digital asset custodian, and Copper, a firm focused on institutional digital asset infrastructure, announce their partnership in order “to expand their existing off-exchange settlement networks.” This partnership between BitGo’s Go Network and Copper’s ClearLoop facilitates the global growth of institutional market participation “as… Read More

November 2, 2023 @ 10:40 am By Omar Faridi  |  

BitGo, the provider of financial services for digital assets, announces that its subsidiary in Germany, BitGo Europe GmbH, has received a crypto custody license from the German Federal Financial Supervisory Authority (BaFin). BitGo has already been storing crypto assets “for its customers since 2019, also… Read More

October 20, 2023 @ 5:46 pm By Omar Faridi  |  

Onramp, a Bitcoin asset-management platform, announces its official launch, marking a “step-function” improvement in bitcoin custody. Onramp’s approach to bitcoin custody, product offerings, and research and education aims to establish “a new industry standard for sophisticated investors.” As noted in an update shared with CI,… Read More

August 16, 2023 @ 8:22 am By Omar Faridi  |  

BitGo recently revealed that it has raised additional funding at a $1.75 billion valuation. The crypto firm has acquired $100 million from new investors, while remaining focused on adhering to applicable guidelines and regulations. In a tumultuous year for US-based crypto firms, a select few… Read More

June 24, 2023 @ 2:24 pm By JD Alois  |  

Prime Trust, once one of the most successful Fintechs serving the securities crowdfunding industry, is now insolvent, according to a document filed by the State of Nevada, Department of Business and Industry, Financial Institutions Division (NFID). In a cease and desist (C&D) order, NFID claims… Read More

June 22, 2023 @ 12:59 pm By JD Alois  |  

Prime Trust was founded many years ago at the beginning of online capital formation. At one point, it was one of the most important and successful firms in the securities crowdfunding marketplace providing services for just about all the platforms. As digital assets became a… Read More