BitGo, a fintech company specializing in digital assets, has just announced it will offer an institutional custody and wallet service to TRON from next November 8, the company reported through an official statement.
According to the announcement:
"TRON came to us because of our reputation for delivering secure and compliant solutions designed for institutional investors. Multi-sig has been openly reviewed and tested by the security community. It works with a multitude of open source tools and we are very pleased to be extending it to TRX on November 8."
One of the most relevant features of BitGo is that in order to access funds two or more different users must use their passwords.
This multi-signature technology was first introduced by BitGo in 2013 and is now widely used in the industry.
iHodl Spain has recently reported that cryptocurrency exchange Bitstamp is also relying on BitGo's custody services to store its assets, which will be protected by a $100M insurance policy.
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