BitGo News: BitGo Expands WBTC Custody to Hong Kong and Singapore

August 17, 2024

BitGo News - August 17, 2024

BitGo is set to extend its custodial management of $9.2 billion in wrapped bitcoin (WBTC) to new entities in Hong Kong and Singapore. This strategic move aims to meet the rising demand for digital assets in these key financial markets. Listen for more details on this significant development.

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( 00:00:32 ) BitGo Expands WBTC Custodial Management to Hong Kong and Singapore

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BitGo is set to expand the management of wrapped bitcoin (WBTC) worth $9.2 billion to two new entities in Hong Kong and Singapore within the next two months. Announced on August 10, 2024, this strategic move aims to enhance the management and distribution of WBTC in the Asian market, positioning BitGo to better serve the growing demand for digital assets in these key financial hubs.

Sources

1 https://biztoc.com/x/45956ddcc9cac721

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