More

    BitGo is the First Ever Institutional-Grade Wallet Custody for Tron (TRX) with Multi-Signature Security

    Tron finds inclusion on BitGo institutional-grade wallet and multi-signature custody solution becoming the first to offer services for the TRX cryptocurrency.

    Leader in digital assets with focus in financial services, BitGo announced on Friday, November 8, 2019, that it has officially launched the first ever institutional-grade wallet and custody solution. As per their Medium post, said solutions provide on-chain, multi-signature security for the TRX token. In addition, TRON will now be utilizing BitGo as its custodian.

    CEO of TRON, Justin Sun prides his team in being able to secure such a partnership, given that BitGo is a “well-known marker of quality for the digital assets industry,” he highlights. He trusts that moving forward, the duo will make their mark together in enhancing blockchain technology within financial services.

    In response, here’s what the Chief Technology Officer of BitGo, Benedict Chan, had to say:

    “TRON’s move towards on-chain multi-signature opens the door for financial service clients. Fiduciaries, who are responsible for other people’s money, demand the highest levels of security and compliance.”

    BitGo is known for allowing businesses to integrate digital assets into their investment portfolios. The advantage of using BitGo rests in the fact that they emphasize on security and such a process is achieved “at a scale with 100% multi-signature technology across over 200 coins and tokens.”

    In addition to this partnership, comes one with CoinGaming. As per Tron Foundation, the partnership implies added support for the TRX token onto CoinGaming sites.

    Who can forget their other recent endeavor, where the TRON blockchain is now integrated with Samsung Blockchain Keystore? This has supposedly been achieved to allow users to build TRON DApps using Samsung devices.

    TRON (TRX) Live Price

    1 TRX/USD =$0.0164 change ~ -7.72%

    Coin Market Cap

    $1.09 Billion

    24 Hour Volume

    $151.58 Million

    24 Hour VWAP

    $0

    24 Hour Change

    $-0.0013

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Nirmala Velupillai
    Nirmala Velupillai
    Nirmala is a blogger who has been fascinated by the world of technology and its contributions to societal development. While a novice, her eager to learn about the crypto world has led her to write a number of pieces on its positive and negative aspects. On her spare time, she indulges in understanding and building statistical models and enhancing her painting skills.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,260FansLike
    2,713FollowersFollow
    4,082FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Open Interest on CME Bitcoin Futures Outgrowing BTC Price

    If BTC closes above the 200-day moving average, just above $9,000, we could see $10k Institutional investors leading the way for a new...

    Here’s How DeFi’s Smashing Growth Puts a Trillion-Dollar Case for Ethereum

    Total USD value locked in DeFi surpasses $800 million creates “a new paradigm for global finance” with one common theme Ether The trillion-dollar...

    This Uncannily Accurate Bitcoin Chart from Dec. 2018 Predicts a New ATH in 2020/21

    Analyst ‘s post from Dec. 2, 2018, correctly predicts Bitcoin’s bottom and momentum in 2019 Bitcoin price is currently hovering around $9,000 after surging...

    Lawmaker Proposes Bill For State-Chartered Institution For Blockchain & Crypto Innovations

    An Oklahoma lawmaker has come forward with the proposition of creating a financial institution chartered by the state and that functions as a central...

    Block.One's ‘Voice' Social Network Has An Open Door Policy To Other Blockchains, Not Just EOS

    During its June ICO, Block.one had indicated that its Facebook rivaling social network dubbed Voice, would be launched on the EOS network. However, plans...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.