Increased brand trust and credibility
Eric Piscini, CEO of Hashgraph, acknowledges, “ BitGo has been around for a long time. They are a trusted partner, trusted vendor, and trusted provider to the blockchain ecosystem to the crypto ecosystem.”
Leveraging BitGo’s qualified custody to guarantee security
Globally trusted since 2013
“I always recommend BitGo because of the capability of the products, the team, and their proven track record over the past 10 years.”
Key outcomes
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Boosted ecosystem growth
Governance of the Hedera network is maintained by the Hedera Governing Council, which is composed of leading global organizations. As a trusted member of the council, BitGo contributes its expertise, strengthening the Hedera ecosystem and supporting the companies building within it.
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Greater adaptability to scaling with customers
BitGo’s dedication to developing innovative products and infrastructure for the future provides Hedera and its ecosystem the secure foundation to do the same.
Hedera’s requirements for a trusted custodian
Qualified Custody
While other custodians exist, Hedera specifically needed a qualified custodian—one that had passed rigorous regulatory approval processes to manage the keys for their treasury. BitGo, a trusted provider in the qualified custodian space since 2013, is also backed by a $250 million insurance policy to ensure the security of assets.
Effortless usability
Seamless access to a wide range of digital assets, offering flexibility without compromising on security.
Forward-looking partnership
A partner dedicated to creating long-term solutions, actively engaged in and invested in the growth of the Hedera ecosystem.
Proven track record and strong reputation
A custodian with a long-standing history of trustworthiness and reliability.
Custody as the cornerstone of trust
Hedera is a decentralized, open-source public network that enables individuals and businesses to build and deploy decentralized applications (dApps). Unlike traditional blockchains, Hedera utilizes a unique consensus algorithm known as hashgraph, which offers several advantages like higher performance, security, and scalability. As a public blockchain dedicated to transparency and decentralization, “it is really important to have the right custody partners for Hedera - custody is an important piece of what we need as an industry,” says Eric Piscini, CEO of Hashgraph, the organization behind the development of Hedera. Piscini believes that “managing keys, security, trust, and confidence is what we all need to engage with a crypto solution.”
With these priorities in mind, Hedera sought a trusted and qualified custodian capable of providing robust security measures, regulatory compliance, and protection against potential loss from theft, hacking, or the loss of private keys. Qualified regulated custody is not only vital for Hedera but serves as the cornerstone of the digital asset industry, safeguarding the management and security of assets in an increasingly complex landscape.
Looking ahead
Building on this strong governance foundation, Hederas commitment to trust and stability is further demonstrated by their council which includes major players like Google, IBM, and Worldpay.
These organizations share a unified vision that maintaining trust and stability is essential for the future of the digital asset industry. By partnering with a qualified custody provider like BitGo, Hedera solidifies this foundation, positioning itself for an exciting and successful future.
“BitGo has been around for a long time. They are a trusted partner, trusted vendor, and trusted provider to the blockchain ecosystem- to the crypto ecosystem.”