Galaxy Digital Holdings and BitGo Trust Company have announced a new partnership aimed at expanding staking opportunities for investors and optimizing the use of staked assets.
Goals and Opportunities of the Partnership
The partnership combines Galaxy's blockchain infrastructure and its lending and trading expertise with BitGo’s regulated custody solutions. This collaboration offers a streamlined way for both institutional and retail investors to optimize their digital asset holdings.
Staking Support and Services for Clients
Galaxy's Blockchain Infrastructure team, managing approximately $4.2 billion in staked assets, will support the new offering by providing staking and validator services to institutional clients and blockchain protocols.
Digital Asset Market and New Solutions
Amid the growing demand for services beyond traditional custody, BitGo has also launched a global OTC crypto trading desk, offering trading for over 250 cryptocurrencies, as well as lending and custody solutions for institutional investors.
The collaboration between Galaxy Digital and BitGo underscores their commitment to developing and expanding offerings for digital asset investors in response to the increasing demand for comprehensive solutions.
