BitGo launches BitGo Ventures
Expanding the global BitGo ecosystem to build secure and scalable solutions for the future of finance.
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BitGo launches BitGo Ventures, an investment division that will back startups focused on secure and scalable infrastructure within the digital finance ecosystem.
BitGo Ventures will invest in FinTech startups and blockchain projects anchored in sound regulation and compliance, with the goal to expand the global BitGo ecosystem and build secure and scalable solutions for the future of finance.
Leveraging BitGo’s global platform and expertise as the most trusted custodian and security infrastructure provider in digital finance, BitGo Ventures will seek to support innovative entrepreneurs and strategic partners.
The investment team behind BitGo Ventures will be composed of seasoned professionals with diverse experiences in FinTech investing, government, law, and startups.
PALO ALTO, Calif., April 17, 2024, BitGo announced today the launch of BitGo Ventures, BitGo’s investment arm dedicated to seeking out and fostering partnerships with FinTech infrastructure companies and blockchain projects around the world. BitGo Ventures will invest in startups that are building secure, scalable, and digital-native financial infrastructure solutions while prioritizing regulatory compliance. Leveraging BitGo’s reputation as a trusted custodian and infrastructure provider in the digital finance ecosystem as well as its expansive experience and proprietary insights in the sector, BitGo Ventures will offer unparalleled expertise and support to their partners to bolster innovation and growth.
“BitGo has always been at the forefront of digital asset security and infrastructure,” said Mike Belshe, CEO of BitGo. “With BitGo Ventures, we are extending our commitment to innovation by investing in and supporting the pioneers who are shaping the future of finance. Our goal is to empower these entrepreneurs with the tools and support necessary to bring their groundbreaking solutions to market.”
BitGo also announced BitGo Ecosystem Fund, a strategic initiative by BitGo Ventures, designed to fund and support the growth of emerging talents and visionary projects within the blockchain space.
BitGo Ventures is dedicated to spearheading the development of a new, digital-native financial framework, as we support startups poised to redefine the infrastructure of digital finance.
The investment team behind BitGo Ventures joined BitGo in February 2024 when BitGo acquired Brassica, an infrastructure solutions provider for private securities. BitGo Ventures currently manages an early stage FinTech fund that has invested in innovative FinTech infrastructure companies in Asia and the US. For more information, please visit www.bitgo.com/ventures.
About BitGo
BitGo provides the most secure and scalable solutions for the digital asset economy, offering regulated custody, borrowing and lending, and core infrastructure to investors and builders alike.
Founded in 2013 — the early days of crypto — BitGo pioneered the multi-signature wallet and later built TSS to improve upon other companies’ MPC offerings. Between multi-sig and TSS, BitGo offers the safest technology on the market and safeguards over 600 tokens across a wide variety of blockchains.
Over the years, BitGo has expanded from offering wallets into providing a full-suite solution that lets clients hold assets safely and then put them to work.
BitGo launched BitGo Trust Company in 2018, providing fully regulated, qualified cold storage to complement BitGo Inc’s original hot wallet solution. In 2020, BitGo launched BitGo Prime, which allows its clients to trade, borrow, and lend. Moreover, BitGo also provides access to DeFi, staking, NFT wallets, and beyond, and serves as the world’s sole custodian for WBTC, or wrapped Bitcoin.
Today, BitGo is the leader in digital asset security, custody, and liquidity, providing the operational backbone for more than 700 institutional clients in over 50 countries — a list that includes many regulated entities and the world’s top cryptocurrency exchanges and platforms. BitGo also processes approximately 20% of all global Bitcoin transactions by value.
For more information, please visit www.bitgo.com.
©2024 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.
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