Tagged: bitgo

BitGo Ventures to Establish Partnerships with Fintech Infrastructure Firms and Blockchain focused Projects

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

Digital Assets Platform BitGo Launches Support for Arbitrum (ARB)

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

Wrapped Bitcoin: Bitgo Announces Launch of WBTC on Kava

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

BitGo Acquires Brassica, Will Add Private Securities and Alts Capabilities

Youngro Lee of NextSeed 3

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

BitGo to Serve as Digital Asset Custodian for Valkyrie Bitcoin ETF

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

BitGo Obtains In-Principle Approval from Monetary Authority of Singapore for Major Payment Institution License

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

Crypto ETFs: BitGo to Serve as Custodian for Hashdex Bitcoin ETF

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

Digital Assets: BitGo to Provide Clients with Qualified Custody for Maple Secured Lending Direct Pool

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

Korean Crypto Market Gains Ground Amidst Global Turbulence

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

Digital Assets: Copper and BitGo to Combine Settlement Networks

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

BitGo Obtains Digital Asset Custody License from BaFin, Germany’s Federal Financial Supervisory Authority

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

Bitcoin Adoption: Onramp Introduces BTC Asset Management Platform Built on Multi-Institution Custody

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

Digital Asset Firm BitGo Finalizes $100M Series C at $1.75B Valuation

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

Prime Trust C&D: State of Nevada Says Financial Condition “Critically Deficient,” Material Breach of Fiduciary Duties

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

Prime Trust founder and Former CEO Scott Purcell, Says Firm in Receivership: “Incredibly Sad to See”

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

BitGo Terminates Prime Trust Acquisition

Bitgo has decided to terminate its preliminary agreement to acquire Prime Trust. Earlier this month, rumors circulated about troubles at Prime Trust, with Bitgo emerging as a white knight to acquire the firm. BitGo had signed a term sheet to acquire the equity of Prime… Read More

Banq Files for Bankruptcy, NOT a Subsidiary of Prime Trust

Banq, a platform for the primary issuance of securities controlled by Cambria Capital, a regulated broker-dealer, has filed for bankruptcy, according to many reports. Chapter 11 Dockets distributed the news via Twitter. Crypto software company Banq filed for bankruptcy protection today in Nevada https://t.co/ckmt6V6AMl pic.twitter.com/4EmKzowj24… Read More

BitGo Confirms Acquisition of Prime Trust, Signs Term Sheet to Acquire 100% of Firm

BitGo has signed a term sheet to acquire the equity of Prime Core Technologies, the parent company of Prime Trust. Both companies provide services such as custody to digital asset firms. Earlier today, rumors filtered out about a deal with BitGo being in the works… Read More

Rumors Indicate Prime Trust on the Brink, BitGo May Acquire

According to multiple rumors and reports, Prime Trust, a top infrastructure provider in the crypto sector, could be on the brink of failure or acquisition. A recent Tweet claims to have knowledge that Prime Trust is close to insolvency. So this is in regards to… Read More

Digital Assets: Genesis Expands Custodial Tri-Party Solution with Assistance from BitGo Custody

GGC International Limited (Genesis), a digital asset trading firm, is proud to announce its collaboration with BitGo Trust, a key player focused on digital asset custody, to provide a tri-party solution for its institutional clients. This joint effort will “allow Genesis to continue delivering superior… Read More

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