BitGo Bought Kingdom Trust Company

Kingdom Trust Company manages more than $ 12 billion, and the number of customers exceeds 100 000
26 January 2018   240

BitGo, the leading supplier of Bitcoin solutions, announced the signing of an agreement providing for the full purchase of the Kingdom Trust Company, an asset management company based in South Dakota.

As stated in the joint press release of companies under the management of the Kingdom Trust Company is more than $ 12 billion, and the number of customers exceeds 100 thousand.

The agreement was signed on January 11, and BitGo acquires the Kingdom Trust Company and Kingdom Services after appropriate approval of the regulators. Financial terms of the transaction between the parties were not disclosed.

Global financial markets have longed for an end-to-end solution offering both the technology to secure digital currencies as well as the legal and compliance controls necessary to integrate into mainstream financial portfolios. BitGo has established itself as the digital security leader, and Kingdom Trust has served as a 40 Act qualified custodian for almost a decade and has developed the expertise required by institutional investors necessary for compliance with the Act. Both companies are working toward safety of money and assets. BitGo and Kingdom are building products for the future - marrying the new technology with the safety and controls all investors require.
 

Mike Belshe 

CEO of BitGo

The Kingdom Trust Company meets all requirements of the US $ 408 Tax Code and acts as a qualified fund manager under the Investment Advisors Act of 1940.

According to BitGo, the services offered by the Kingdom Trust Company in combination with their own security solutions will lead to the emergence of a one-of-a-kind organization offering ample opportunities for institutional investors. The latter will not only offer unique investment crypto-currency products, but also the highest level of security and protection of funds.

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   109

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.