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BitGo assets hit $16 billion as institutional adoption grows

BitGo, whose investors include Galaxy Digital Ventures, Goldman Sachs and Valor Equity Partners, reported Wednesday that digital assets under custody have surpassed $16 billion for the first time, offering further validation that institutional demand has arrived. In an official press release, BitGo said institutional investors are seeking exposure to digital assets

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Hong Kong’s Amber Group Picks BitGo Trust in Quest for Institutional Investors

Crypto market maker Amber Group will service its clientele of institutional traders with the help of BitGo Trust, the custodial arm of the Palo Alto-based security firm.BitGo’s status as a qualified custodian should draw more high-net-worth investors to Amber from places like Hong Kong, Taiwan and Seoul, the companies said.The

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BitGo Is Bringing DeFi-Friendly Wrapped Bitcoin to the Tron Blockchain

Tron, the blockchain launched in 2017 by former Ripple devotee Justin Sun, has entered a strategic alliance with custody specialists BitGo.The partnership will bring wrapped bitcoin (WBTC) and BitGo’s newly-minted Wrapped Ether into the Tron ecosystem as TRC-20 tokens. (Both are ERC-20 tokens backed 1:1 by bitcoin and ether, respectively,

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BitGo to Help Japanese Exchange Provide Cold Storage

Japanese crypto exchange Bitgate will soon offer customers cold storage services through BitGo, a U.S.-regulated trust company, meeting new legal requirements set by the local financial regulator.  BitGo announced Wednesday it would provide its “Self-Managed Custody” service to the exchange, which is supervised by the Japanese Financial Services Agency (JFSA). Japan-based

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