1. The Revolutionary Twist In Crypto Custody
2. Hidden Pitfalls of Protocol Building in the Web3 World
3. BitGo Expands to DeFi Operations

BitGo, a digital asset trust and security company, has recognized the need for effective digital asset management for foundations and organizations, prompting the creation of its innovative token management services.

The Revolutionary Twist In Crypto Custody

BitGo, currently in a legal saga with Galaxy Digitals, stated that its new initiative aligns with the evolving Web3 landscape. This service provides a regulated and insured platform for institutional clients. Major protocols like Worldcoin, LayerZero, Sui, and ZetaChain have adopted this service.

Hidden Pitfalls of Protocol Building in the Web3 World

Thomas Chen, Head of Sales at BitGo, noted that managing tokens in a fragmented system involves complexities such as non-custodial wallets, web-only solutions, and smart contracts. This process can be extremely challenging and chaotic, requiring careful navigation of various partners and systems.

BitGo Expands to DeFi Operations

BitGo has made significant strides in the DeFi space by launching BitGo DeFi Access, which links MetaMask wallets with BitGo's self-custody hot wallets. Additionally, the company is moving its WBTC operations to a multi-jurisdictional custody model to improve security and transparency.

BitGo's new service aims to simplify digital asset management for institutional clients, providing necessary security, compliance, and efficiency in a growing market.