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.