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 regulatory compliance.”
Leveraging BitGo’s reputation as “a trusted custodian and infrastructure provider in the digital finance ecosystem as well as its expansive experience and proprietary insights in the sector,”
BitGo Ventures will aim to “offer expertise and support to their partners to bolster innovation and growth.”
Mike Belshe, CEO of BitGo said:
“BitGo has always been at the forefront of digital asset security and infrastructure. With BitGo Ventures, we are extending our commitment to innovation by investing in and supporting the pioneers who are shaping the future of finance. Our goal is to empower these entrepreneurs with the tools and support necessary to bring their groundbreaking solutions to market.”
BitGo also announced BitGo Ecosystem Fund, a strategic initiative “by BitGo Ventures, designed to fund and support the growth of emerging talents and visionary projects within the blockchain space.”
BitGo Ventures is dedicated “to spearheading the development of a new, digital-native financial framework, as we support startups poised to redefine the infrastructure of digital finance.”
The investment team behind BitGo Ventures joined BitGo in February 2024 “when BitGo acquired Brassica, an infrastructure solutions provider for private securities.”
BitGo Ventures currently manages “an early stage FinTech fund that has invested in innovative FinTech infrastructure companies in Asia and the US. For more information, please visit www.bitgo.com/ventures.”
As covered, BitGo says that it “provides the most secure and scalable wallet solutions for the digital asset economy, offering regulated custody, staking and trading, and core infrastructure to investors and builders alike.”
Founded in 2013, BitGo supports “the multi-signature wallet and is the first digital asset company to focus exclusively on serving institutional clients.”
In 2018, it launched BitGo Trust Company, “the first qualified custodian purpose-built for storing digital assets and established BitGo New York Trust in 2021. In 2022, BitGo launched institutional-grade staking, DeFi, NFT and Web3 services.”
BitGo says that it “secures approximately 20% of all on-chain Bitcoin transactions by value and supports more than 700 digital assets within its platform.”
BitGo provides the security and operational backbone “for more than 1500 institutional clients in 50 countries, including many regulated entities and the world’s top cryptocurrency exchanges and platforms.”
BitGo is reportedly being “backed by Goldman Sachs, Craft Ventures, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.”
