PALO ALTO, March 5, 2020 - BitGo, the leader in digital asset financial services, announced today that it is now offering institutional digital asset lending services. With BitGo, institutional clients now have a trusted partner that delivers superior access to supply and industry-leading client service.
BitGo's lending service was built by a Wall Street team that understands institutional investing and clients’ needs. The launch follows a several-month private beta during which BitGo worked closely with leading institutions to hone and refine the offering.
“BitGo has built a reputation for leading the industry in innovation, security, and client service, and we are now extending that expertise to BitGo Lending,” said Mike Belshe, CEO, BitGo. “With our lending service, we are melding the best of Wall Street’s sophisticated understanding of how to work with institutional investors, and the best of Silicon Valley’s technology and innovation.”
“Our goal was to build a lending business that is similar to lending businesses in the traditional financial markets,” said Nick Carmi, Head of Financial Services, BitGo. “We are not interested in a high-volume, low-margin business; we are building deep relationships with our clients to drive value for them and to create a long term, sustainable business.”