BitGo Company Research Report

Company Overview

• Name: BitGo, Inc.

• Mission: "Own, Build, Secure your financial future."

• Founded: 2013

• Founders: No specific founders mentioned.

• Key People: Information on specific leaders is not available.

• Headquarters: No specific location mentioned.

• Number of Employees: No specific number mentioned.

• Revenue: No specific revenue figures mentioned.

• Known For: BitGo is recognized as a leader in digital asset security, custody, and liquidity services. It is particularly known for pioneering the multi-signature wallet technology and for being a sole custodian for Wrapped Bitcoin (WBTC).

Products

BitGo offers a comprehensive suite of services designed for secure and scalable digital asset management. Key products include:

1. Wallet Services

• Custody Wallets: Provides insured, cold storage of digital assets with all keys held offline.

• Features:

• Bank-grade security with cold storage.

• Identity verification.

• Whitelisting, velocity controls, and user policies.

• Self-Custody Hot Wallets: Allows clients to maintain a portion of keys, facilitating dynamic digital asset management.

• Features:

• UI and API access for comprehensive management.

• Backup key storage.

• Whitelisting and velocity controls.

• Self-Custody Cold Wallets: Enhanced security for significant transactions, meeting jurisdictional compliance needs.

• Features:

• Offline key management.

• Customizable security and regulatory compliance.

• Wallet-as-a-Service: Facilitates programmatic creation and management of wallets.

• Features:

• Seamless wallet creation and scalability.

• REST APIs for integration.

2. Prime Services

• Trading: Provides direct access to liquidity with high-touch OTC services and integrated trading and custody management.

• Features:

• High OTC offering and confidential trading.

• Real-time trading from cold storage.

• Financing: Offers lending and borrowing solutions for digital assets.

• Features:

• Customizable terms, competitive pricing.

• Secure collateral management.

3. Activate

• Go Network: Real-time, secure settlement network for USD and digital assets.

• Features:

• Instant 24/7 settlement.

• Qualified custody and counterparty access.

4. Protocol Solutions

• Token Management: Comprehensive token lifecycle management platform.

• Features:

• Secure token compensation and staking.

• Simplified administration processes.

5. Development Tooling

• BitGo SDK and REST APIs: Tools for building and scaling digital asset applications.

Recent Developments

• New Products Launched:

• Expansion of custody support for the Sui ecosystem, including Sui Naming Service (NS) and DeepBook (DEEP).

• Revolutionized token management with the first end-to-end, automated custody solution.

• New Features:

• Integrated services for Prime clients that allow seamless management of trading and custody on one platform.

• Auto liquidation as a new trading capability for managing network savings.

• Partnerships and Collaborations:

• Has secured custodial roles for 21Shares’ US Spot ETFs and Valkyrie's Spot Bitcoin ETF.

• Partnered with Finery Markets for enhanced settlement solutions.

• Joined the Hedera Council to support network success and innovation.

Summary

BitGo continues to solidify its reputation as a pioneer in digital asset custody and security, expanding its services to encompass a wide array of needs for institutional clients. Through ongoing product enhancements and strategic partnerships, BitGo remains a formidable presence in the rapidly evolving digital asset landscape.