15 October 2019 12:20, UTC

Digital asset financial services company BitGo has announced that it will provide institutional-grade custody and wallets for TRON (TRX) since November 8. The announcement reads as following:

“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.”

It is also noted that BitGo’s multisignature addresses require two or more separate users to use their keys in order to get access to the funds.

Earlier on October 10, it became known that Luxembourg-based crypto exchange BitStamp has announced that BitGo will offer custodianship of its digital assets. With BitGo Custody, Bitstamp’s assets will be secured completely in cold storage in bank-grade vaults and protected by the custodian’s $100 million insurance policy.

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