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.
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.