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BitGo First to Deliver Multi-Signature Security for Over 100 Coins and Tokens

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PALO ALTO, Calif. (BUSINESS WIRE) BitGo, the market leader in institutional cryptocurrency financial

services, announced today that it has exceeded its milestone to reach

100 coins and tokens by the end of 2018. BitGo now delivers

multi-signature security for over 100 coins and tokens in its wallet and

custody offerings. Stablecoins are among the new coins and tokens

supported including CENTRE USD (USDC), Gemini Dollar (GUSD), MakerDAO’s

Dai (DAI), Paxos Standard Token (PAX), and TrustToken’s TrueUSD (TUSD).

BitGo determines which digital currencies to support based on demand

from institutional clients. At the start of 2018, BitGo multi-signature

wallets supported seven coins. In April, BitGo launched support for

ERC20 tokens. In July, with 57 coins and tokens supported, the company

announced that it would reach 100 by the end of the year. In just the

past few months, BitGo added Zcash, Dash, Stellar, as well as support

for more than 30 tokens. In addition to multi-signature wallet security,

BitGo provides clients with the option to have their assets held by

BitGo Trust Company, the first qualified custodian purpose-built for

digital assets.

BitGo’s multi-signature security architecture uses multiple

cryptographic signatures to enact a transaction, thereby eliminating the

single point of failure with traditional wallets. Keys can be

distributed across independent individuals, geographies, and storage

techniques, which is why multi-signature is considered mandatory for

high security blockchain applications.

“BitGo is the first multi-signature wallet platform with support for

such a wide offering of highly traded digital currencies,” said Ben

Chan, CTO, BitGo. “Institutional investors and exchanges appreciate the

scalability and security that our single, unified API provides. Our

clients want to hold and trade a wide array of currencies that’s why

we set the goal of delivering support for 100 coins and tokens by the

end of 2018.”

BitGo has been focused on the stability and value of collateralized

coins in other ways as well. The company recently worked with a

community of network partners to launch

Wrapped

(WBTC). Backed 1:1 with Bitcoin, WBTC delivers the power of

Bitcoin with the flexibility of an ERC20 token. BitGo will be the

custodian for the initiative.

To view all coins and tokens supported by BitGo, visit our

multicurrency

page

.

About BitGo:

BitGo is the market leader in institutional cryptocurrency financial

services, providing clients with security, compliance, and custodial

solutions. BitGo is the world’s largest processor of on-chain bitcoin

transactions, processing 15% of all global Bitcoin transactions, and $15

billion per month across all cryptocurrencies. The company supports over

100 coins and tokens, and has over $2 billion in assets in wallet.

BitGo’s customer base includes the world’s largest cryptocurrency

exchanges and spans more than 50 countries. In 2018, it launched BitGo

Trust Company, the first qualified custodian purpose-built for storing

digital assets. BitGo is backed by Craft Ventures, DRW, Galaxy Digital

Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

Contacts

Media contact:

Clarissa Horowitz

BitGo

Press@BitGo.com
BitGo First to Deliver Multi-Signature Security for Over 100 Coins and Tokens
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