BitGo Secures $100 Million in Series C Funding Round for Digital Asset Solutions Expansion

BitGo, the leading infrastructure provider of digital asset solutions, has successfully raised $100 million in a recent funding round, underscoring the growing demand for its services in the rapidly evolving digital finance landscape. Established in 2013, BitGo carved its niche as the first digital asset company focused solely on institutional clients, offering a comprehensive suite of solutions that includes custody, wallets, staking, trading, financing, and settlement from regulated cold storage systems. This significant capital infusion will be pivotal for BitGo as it enhances its technology and expands its infrastructure to better serve its 1,500 institutional clients across 50 countries, including prominent cryptocurrency exchanges and enterprises. Notably, BitGo secures around 20% of all on-chain Bitcoin transactions by value, solidifying its status as the largest independent digital asset custodian in the industry. The funds will also support BitGo's mission of fostering a borderless digital financial services economy that is accessible 24/7, aligning with its vision of providing unparalleled security and operational excellence to its clients. With multiple Trust companies operating globally, BitGo aims to further its development and innovation in digital asset services, ensuring that it remains at the forefront of the industry while addressing the evolving needs of its clients. For more details on their services and offerings, visit www.bitgo.com.