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Home»EXCHANGE NEWS»BitGo takes on custodian role for Hashdex Bitcoin ETF
EXCHANGE NEWS

BitGo takes on custodian role for Hashdex Bitcoin ETF

By Crypto FlexsFebruary 3, 20242 Mins Read
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BitGo takes on custodian role for Hashdex Bitcoin ETF
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Pursuant to the anticipated agreement, BitGo will act as qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a joint pledge to build a stronger and safer market structure. If the scenario changes in its favor, Hashdex Bitcoin Futures ETF will become a spot Bitcoin ETF and will be rebranded as Hashdex Bitcoin ETF.

BitGo, a DEFI digital asset advisor and prominent global cryptocurrency-focused asset manager with $540 million in AUM, and Hashdex have collaborated for a long time. As a highly qualified institutional custodian, BitGo is the optimal service provider that outlines the principle of custody segregation.

Mike Belshe, CEO of BitGo, said Hashdex is fully equipped to drive institutional adoption of digital assets, including spot Bitcoin ETFs, in Brazil. They will support ETF applications for spot Bitcoin in the United States. Their primary goal is to integrate traditional financial management risks to establish viability to facilitate the subsequent acceptance phase.

As the industry gains experience and institutional interest increases, large asset managers and investors will begin to recognize ETFs as a profitable investment option. Since 2013, BitGo has been committed to providing certified custody solutions designed specifically for digital assets. BitGo attaches great importance to demonstrating the ability to distinguish between custody and transactions with respect to custodians.

One of them is BitGo. Best cryptocurrency walletprovides highly rated, secure, and upgradable wallet services for the digital asset economy. In addition to a central wallet infrastructure, it facilitates authenticated storage, staking, and trading.

Since its founding in 2013, the organization has pioneered multi-signature wallets. It is also the first digital asset company to target institutional clients. In 2021, he founded BitGo New York Trust, and in 2018, he founded BitGo Trust Company, the first custodian-led company for holding digital assets.

BitGo introduces DeFi, NFT, and Web3 solutions compliant with institutional standards in 2022. The Go Network delivery is scheduled to be completed in 2023. BitGo guarantees over 700 digital assets on its platform and facilitates nearly 20% of on-chain Bitcoin transactions.

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