Blockchain software firm BitGo announced on Wednesday it has added Zcash to its multi-currency platform. This news comes just after BitGo added 57 ERC 20 tokens, which are expected to grow to more than 100 by the end of this year. As previously reported, BitGo provides digital wallets, offline vaults, single integration APIs and private blockchains to world’s largest cryptocurrency exchanges and financial enterprises conducting over $12 billion in monthly transactions.
“BitGo is a blockchain software company that secures digital currency for institutional investors. Its technology solves the most difficult security, compliance and custodial problems associated with blockchain-based currencies, enabling the integration of digital currency into the global financial system. BitGo’s customers, which include the world’s largest cryptocurrency exchanges and financial institutions, conduct more than $10 billion in transactions monthly.”
BitGo claims it is the only company in the industry with 100% multi-signature wallets across all coin types and provides the highest level of security, compliance and custodial services. Speaking about the addition of Zcash, Ben Chan, CTO of BitGo, stated:
“Our mission is to offer our institutional clients the most complete portfolio of digital currency investment services, which includes the largest and most diverse basket of coins and tokens to help them hedge the market and get better returns. As one of the world’s most valuable and technologically demanding digital currencies, Zcash is an important new asset for our institutional investors.”
Brad Miller, Zcash Engineer and Ecosystem Lead, added:
“With BitGo’s exceptional standards, institutional grade, multi-signature security and custody services, investors are able to seamlessly send and receive Zcash in a safe and secure way. The Zcash Company ecosystem team and BitGo worked collaboratively to ensure Zcash is well integrated and supported.”