BitGo announces new products for the custody of cryptoactives aimed at Wall Street institutions

Last Sunday, BitGo Startup, whose headquarters are located in Palo Alto, presented a series of services aimed at safeguarding cryptocurrencies for large Wall Street companies that have intentions to invest in the market.

This new service by the company, comes hand in hand with the purchase decision on Kingdom Trust in January, a qualified US company dedicated to the custody of traditional financial assets.

BitGo will launch its product in a three-tier offering, expanding the supply of asset security solutions, not only to be used by individuals but also to cover institutional investors.

The levels of service will be the "Qualified Custody" where the storage and custody will be in charge of Kingdom Trust, the "Institutional Custody" that will be an option for customers to manage their wallets online and offline and for last the offer of "Self-managed Custody".

According to the company, the offer is broad enough to cover current demand and address the different risks that customers have in different market segments.

Among other data, BitGo revealed that its custody offers were directed to more than 20 cryptocurrencies. However, because of the growing demand is exploring the increase of that number for the current year.

Although BitGo was a company that started with Bitcoin, it was necessary to expand its repertoire by increasing funds in cryptocurrencies, as well as wallets and exchange houses that expanded the admission of the number of protocols used. in the ecosystem.

The purpose of BitGo to this increase in intentions to invest in the market of cryptocurrencies by Wall Street institutions, is to provide a security and custody solution of which the ecosystem currently lacks.