BitGo Secures Cryptocurrency Foundations with Custody Service, Counts WLD, ZRO as Clients

IconCryptoNewsTerminal Staff16 Sep, 2024

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BitGo Secures Cryptocurrency Foundations with Custody Service, Counts WLD, ZRO as Clients

BitGo, a leading cryptocurrency custody provider, has announced its role in safeguarding the assets of several notable cryptocurrency foundations. According to a recent report by CoinDesk, BitGo's custody service is currently utilized by prominent organizations such as Worldcoin (WLD), LayerZero (ZRO), Sui (SUI), and ZetaChain (ZETA). This development underscores the growing adoption of institutional-grade custody solutions within the cryptocurrency industry. Foundations and other entities managing substantial digital asset holdings increasingly recognize the need for secure and compliant storage solutions. BitGo's reputation for reliability and regulatory compliance has made it a preferred choice for these organizations. BitGo's custody service offers a range of features tailored to the specific requirements of foundations and other institutional clients. These include advanced security measures, multi-signature authorization, cold storage capabilities, and comprehensive insurance coverage. Additionally, BitGo provides dedicated support and tailored solutions to meet the unique needs of each client. The addition of WLD, ZRO, SUI, and ZETA to BitGo's roster of clients further validates the company's position as a leading provider of custody services in the cryptocurrency ecosystem. These foundations represent some of the most innovative and promising projects in the industry, and their trust in BitGo speaks volumes about the company's commitment to security and professionalism.