BitGo to Accept Fiat Deposits

BitGo belives new option will significantly speed up operations and make fiat operations easier
30 January 2019   301

Californian startup BitGo announced that institutional customers can now deposit funds in fiat using the service BitGo Trust.

According to BitGo representatives, the new option will significantly speed up operations and make it easier for fiat-based “unregulated liquidity providers” to work with fiat.

For liquidity providers who are not regulated to hold fiat or digital currencies, easy access to fiat reduces trade settlement time. Without a fiat account, traders must transfer money each and every time they want to execute a buy order. This process is both time consuming and cumbersome, relying on external parties for wire transfers as well as the transfer of assets between accounts. More importantly, a delay in getting coins to market can cause market risk in price fluctuations.
 

Olivia Lovenmark

BitGo

BitGo and Genesis Global Trading OTC service are seeking to simplify access to liquidity to institutional investors.

BitGo to Add BCAP Token Support

Each token is a Blockchain Capital III Digital Liquid Venture Fund share and provides holders with access to the assets of a fund
20 March 2019   164

BitGo custodial solutions provider added support for BCAP security tokens from Blockchain Capital, a venture capital firm. Now, service customers can store tokens and use a special multi-signature wallet for the ERC-20 standard in accordance with US law. It is reported by CoinDesk.

Security tokens are an increasingly important asset class for institutional investors.
 

Ben Chan

Chief technology officer, BitGo

Company released BCAP in April 2017. Each token is a Blockchain Capital III Digital Liquid Venture Fund share and provides holders with access to the assets of a fund that invests in cryptocurrency startups at an early stage of development.

BCAP is traded on secondary sites, which allows investors to also benefit from liquidity.