BitGo Prime Selected as Key Liquidity Partner
BitGo, the leader in digital asset financial services, announced today it proudly supports INX LTD in various capacities. INX is the first to launch an SEC-regulated initial public offering of a security token accepting cryptocurrency including Bitcoin, Ethereum and USDC stablecoins. Under the larger BitGo Holdings umbrella, BitGo provides multi-signature wallets and technology-based solutions through BitGo, Inc., qualified custodial services through BitGo Trust Company, and access to liquidity through BitGo Prime, LLC.
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INX LTD leverages BitGo Inc.’s hot wallets to receive the cryptocurrencies that it accepts. INX converts the cryptocurrencies and then allocates INX tokens to buyers’ wallets. Once INX launches its fully operational exchanges, INX Digital Inc. and INX Services Inc., BitGo Trust will provide qualified cold storage custody. Combining both offerings, BitGo offers both hot and cold wallet solutions with its secure, battled-tested multi-signature security.
INX has also selected BitGo Prime as its partner for seamless and efficient liquidity solutions. BitGo Prime provides institutional investors with best-in-class service for digital assets, including increased liquidity, fast execution and competitive aggregate pricing.
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“INX is breaking new ground with its historic IPO,” states Nick Carmi, CEO, BitGo Prime. “At BitGo, we developed a seamless integration to easily connect the INX trading platform with our industry-leading multi-signature wallet technology, as well as our trading, liquidity and same day settlement services.”
“BitGo shares INX’s goal of bridging crypto-native technologies with traditional markets,” says Shy Datika, Founder and CEO of INX. “We’re proud to have them as one of our official digital assets custodians as we continue on the fast track to fundamentally transform finance for years to come.”
BitGo pioneered multi-signature security in 2013 and, since then, it has become an industry standard for security of digital wallets. Multi-signature is an open source protocol, and has been through thorough testing and evaluation by the security community. Multi-signature makes use of distinct private keys specifically assigned to individuals for increased accountability, transparency and security not available through other technologies.
