Headquarters | Palo Alto, CA |
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Founder(s) |
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Key people | Mike Belshe (CEO) |
Services |
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URL | www |
Launched | 2013 |
BitGo, Inc. is a digital asset trust company and security company,[1][2] 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.[3]
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.[4][5] Wallets can be configured in both hot and cold configurations,[6] 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.[7]
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