According to DeepFlow TechFlow, BitGo has announced that, starting from the first week of December, it will add support for the IOTA mainnet, allowing users to manage IOTA tokens as well as other assets.
As a leading digital asset infrastructure company, BitGo supports more than 4,900 institutions, enterprises, and exchanges worldwide. It is regulated by the South Dakota Division of Banking in the United States and provides insurance coverage of up to $250 million for cases of key theft, loss, and misuse.
With BitGo’s support for the IOTA mainnet, institutions, exchanges, and users can access IOTA through a regulated and insured custody framework. At the same time, exchanges partnering with BitGo can now securely offer IOTA to their clients, and market makers gain greater operational flexibility. In addition, BitGo provides scenarios such as trading, lending, and programmable money. Developers and institutions can leverage BitGo’s extensive infrastructure to explore innovative applications for IOTA tokens while ensuring regulatory compliance.
By adding support for the IOTA mainnet, BitGo also provides U.S. institutions with a compliant and recognized pathway into the IOTA ecosystem, which will further enhance IOTA’s participation in the U.S. digital asset sector.
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