Goldman Sachs & billionaire Mike Novogratz invest in crypto custody firm BitGo

posted 7 months ago
Goldman Sachs and billionaire Mike Novogratz are investing in cryptocurrency custodian BitGo Holdings Inc., as the bank’s deep-pocketed clients keep asking about secure ways to hold those assets. The endorsement from two firms with strong Wall Street roots may help BitGo attract more institutions and wealthy investors as customers.

Palo Alto-based BitGo offers multi-sig wallets, as well as offline vaults for storing Bitcoin and rival currencies. BitGo had said it would build out its own qualified custody business, BitGo Trust Co. BitGo has gathered a total of about $70 million in fundraising rounds. The company says it holds more than $2 billion in assets.
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