PALO ALTO, California – (BUSINESS WIRE) – BitGo, the leading provider of digital asset custody, liquidity and security, today announced the launch of their non-fungible tokens (NFT) hot wallet and escrow solution.
This is the first US-qualified depot solution that can be paired with hot wallets for the NFT industry, and provides marketplaces, retail platforms and NFT portfolio holders with the railings needed to participate in the NFT ecosystem. This allows clients to interact with a variety of decentralized marketplaces, including OpenSea, Looks Rare, ArtBlocks, Gem, Rarible and more.
By leveraging multi-signature security and 24/7/365 withdrawal access and support, BitGo enables the company’s 700 institutional customers to receive, hold and send NFTs securely. It is compatible with the ERC-721 and ERC-1155 protocols, as well as Crypto Punks.
As the NFT market continues to develop and mature, it is important for institutions, creators and investors to store their valuable assets with confidence. Various recent hacks and phishing attacks make this one of the most important issues to solve to stimulate growth and innovation across the NFT ecosystem.
“The NFT area has seen a massive growth in the last year together with an increasing set of use cases and applications. More developers are solving real problems and more investors are participating. What has been missing is the institutional infrastructure to protect these digital assets and their owners, ”said Mike Belshe, CEO of BitGo. “Since 2013, BitGo has been dedicated to serving institutional investors and companies looking to keep digital assets safe. We were instrumental in expanding the railings that helped the industry get to this point, and now is the time to do the same for NFTs. ”
“The entire Parallel team is pleased to partner with BitGo on their new NFT custodian solution, as we believe their product goals are in line with the goals of our own OMNI NFT Money Market, ”said Yubo Ruan, Founder of Parallel Finance. “Trust in our users and the security of their NFTs is a top priority for us, and BitGo shares the same views about their users. Through our partnership with BitGo, our NFT money market has the highest level of security in space. ”
BitGo’s NFT storage solution is now available to BitGo customers. For more information, visit www.bitgo.com.
About BitGo
BitGo is the first digital asset company that has been focused exclusively on serving institutional customers since 2013. BitGo provides institutional investors with deposit, liquidity and security solutions. Active in both centralized and decentralized finance, BitGo offers market-leading trading, lending and lending services through its premium brokerage services and serves as a repository for WBTC, the leading global stacking coin for Bitcoin.
In 2020, BitGo launched BitGo Portfolio and Tax, and gave customers a full-stack solution for digital assets. In 2018, it launched the BitGo Trust Company, the first qualified custodian specially built for storing digital assets. BitGo handles approximately 20% of all global Bitcoin transactions, and supports over 500 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. For more information, please visit
