Goldman Sachs and Galaxy Digital Ventures invest in BitGo to build $1 Trillion crypto wallet

This week US based BitGo (http://BitGo.com/) the market leader in institutional-grade cryptocurrency security  announced the second close of its Series B funding round.  The new investors were Goldman Sachs’ Principal Strategic Investments group and Galaxy Digital Ventures LLC.   This brings the total amount raised in the Series B round to $57.5 million. BitGo confirm the funding will support BitGo’s development of its $1 trillion crypto wallet.

BitGo provides institutional investors with security, compliance, and custodial solutions for blockchain-based currencies. Earlier this month, BitGo announced the launch of BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets.

Here are some facts about BitGo:

● Largest processor of on-chain bitcoin transactions 15% of all global bitcoin transactions, and $15 billion per month across all cryptocurrencies

● Supports more than 95 coins and tokens

● More than $2 billion in assets in wallet

● Chosen and trusted by hundreds of exchanges across more than 50 countries

About BitGo

BitGo is the market leader in institutional-grade investment services, providing institutional investors with security, compliance, and custodial solutions for blockchain-based currencies.  BitGo is the world's largest processor of on-chain bitcoin transactions, processing 15% of all global bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company has a customer base that includes the world's largest cryptocurrency exchanges and spans more than 50 countries. BitGo is headquartered in Palo Alto, California, and has offices in Sioux Falls, London, Singapore, and Tokyo. For additional information, please visit www.BitGo.com .

Source:  press release publshied at http://BitGo.com