BitGo: Will create a joint venture with BiT Global to provide multi-jurisdictional custody for WBTC
According to the official BitGo blog, BitGo and BiT Global are creating a joint venture to diversify WBTC's custody and cold storage businesses across multiple jurisdictions, and BitGo will become a minority shareholder in the new joint venture. The custody change will be seamless and transparent to the WBTC community, with a transition period of 60 days. The new solution will use the same BitGo multi-signature technology and cold storage technology that has been used to protect Bitcoin since 2019.
It is reported that BiT Global is a regulated trust and company service provider (TCSP) headquartered in Hong Kong, which has a strategic partnership with Justin Sun and the Tron ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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