BitGo's Transition to Multi-Jurisdictional Custody for Wrapped Bitcoin
Saturday, 10 August 2024, 23:40
BitGo's New Custody Framework
BitGo is set to make a significant shift in its Wrapped Bitcoin business by moving to a multi-jurisdictional custody structure. This decision is a part of their ongoing efforts to enhance security for their clients' digital assets.
Enhanced Security Measures
- The transition aims to ramp up security efforts.
- BitGo will utilize multiple institutions for custody.
- This move is in response to rising demand for secure cryptocurrency storage solutions.
As the cryptocurrency landscape evolves, companies like BitGo are adapting to ensure that they provide the highest level of protection for their clients' investments.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.