BitGo is the First Ever Institutional-Grade Wallet Custody for Tron (TRX) with Multi-Signature Security
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.
BitGo, the leader in digital asset financial services, announced that it has launched the 1st institutional-grade wallet & custody solutions, providing on-chain, multi-signature security for #TRON's #TRX. TRON will also be using @BitGo as its custodian. https://t.co/WTGVmW60No
— Justin Sun (@justinsuntron) November 8, 2019
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.
CoinGaming has revealed a partnership with #TRON. With this new partnership, support will be added for #TRX onto Coingaming sites, ushering in a new era of TRON crypto use across major gaming sites.https://t.co/vmsqcX4g9E
— TRON Foundation (@Tronfoundation) November 9, 2019
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.