BitGo

BitGo, Inc. is a digital asset trust company and security company, headquartered in Palo Alto, California. It was founded in 2013 by Mike Belshe and Ben Davenport. Galaxy Digital announced its acquisition of BitGo in 2021 for $1.2 billion, although this acquisition was announced to have been canceled in 2022 after the crypto downturn, with BitGo continuing as an independent company.

BitGo, Inc.
HeadquartersPalo Alto, CA
Founder(s)
  • Mike Belshe
  • Ben Davenport
Key peopleMike Belshe (CEO)
Services
  • Bitcoin
  • blockchain security platform API's
  • custodial services
  • settlement services
URLwww.bitgo.com
Launched2013 (2013)

The company offers a multisignature bitcoin wallet service, where keys are divided among a number of owners to manage risk. Generally, BitGo wallets have three keys: one held by BitGo, and two held by the wallet's owner. Wallets can be configured in both hot and cold configurations, as well as non-custodial and custodial configurations.

BitGo also serves as the sole custodian for bitcoin that people deposit to receive a tokenized form of that bitcoin known as Wrapped Bitcoin or WBTC that can be exchanged on the Ethereum blockchain.

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