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 =$0.0205 change ~ -0.37%

Coin Market Cap

$1.47 Billion

24 Hour Volume

$68.64 Million

24 Hour VWAP

$0

24 Hour Change

$-0.0001

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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

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