IOTA Partners with BitGo to Enhance Institutional Token Management

IOTA has partnered with BitGo to enhance institutional investors' ability to manage its native token securely. This collaboration utilizes BitGo's infrastructure known for crypto-related operations, including custody and trading services.

Key Highlights

IOTA marks its 10th anniversary by expanding infrastructure through BitGo Trust Company.
BitGo provides trusted and regulated services like custody, wallets, staking, trading, and settlement from cold storage.
The partnership aims to offer compliance, security, liquidity, and operational flexibility to institutional investors, potentially increasing IOTA's user base.
Partnership may lead to broader institutional participation in the IOTA ecosystem as exchanges using BitGo could offer IOTA tokens to their clients.

BitGo's Expansion and IPO Plans

BitGo filed for an Initial Public Offering (IPO) in the US and plans to list on the New York Stock Exchange under the ticker BTGO.
Received regulatory approval from Germany’s BaFin to expand custody and trading services in Europe.
Included Canton Coin (CC) as a custodian, becoming the first US-based qualified custodian to offer this service.