Jami
06/25 07:50

According to a June 25 Bloomberg interview with BitGo’s Asia-Pacific managing director Abel Seow, the company’s assets under custody jumped from $60 billion to $100 billion in the first half of the year. Seow attributed the 67% increase to a mix of rising global crypto adoption and improving regulatory clarity.
Half of BitGo’s current holdings are in staking, a yield-generating process where users pledge tokens to aid in the validation of blockchain transactions. Founded in 2013, the company currently oversees custody as well as trading, lending, and borrowing for institutional clients.
Its 2023 Series C fundraising raised $100 million at a $1.75 billion valuation with the help of investors such as Valor Equity Partners, DRW Holdings, Redpoint Ventures, and Goldman Sachs.
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