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Hyperion Decimus
“BitGo is a battle-weathered qualified custody solution with the institutional bells and whistles that help you capture diversified opportunities in the space.”
Since 2018, Hyperion Decimus has leveraged BitGo’s wallets to secure funds and ensure proper user controls.
Qualified Custody
BitGo’s qualified custody is designed to meet regulatory standards, ensuring the highest level of protection for clients’ assets. “We have to constantly underwrite risk because [BitGo’s] competitors aren’t qualified custodians.” noted Chris Sullivan, Co-Founder at Hyperion Decimus.
Custody Wallets
MetaMask Institutional
BitGo’s MMI integration allows the employment of segregated wallets with user controls that divide responsibility within the firm—designating who can initiate a trade and who can approve it.
Hot Wallets
Staking
Libertas earns rewards on stakeable assets from cold storage, and reports that doing so has been a consistently positive experience with BitGo. “Staking has been better than elsewhere,” says Matt Rosen, Co-Founder and COO at Hyperion Decimus.
Staking Services
A forward-thinking hedge fund, Hyperion Decimus Libertas, had committed its entire portfolio to digital assets, aiming to seek alpha while intelligently mitigating counterparty risk. In their investment thesis, Sullivan stated “Decentralization is a must for robust cyclical growth.” However, while traditional assets like stocks have issues around insider trading, naked short sells, and more, Sullivan recognized that managing digital assets also comes with its own unique set of challenges.
Sullivan notes, “This space isn't designed the same way as equities. We are meant to have a certain amount of headache due to decentralization. That is why we're constantly thinking about how to best mitigate counterparty risk.” With this in mind, Libertas has leveraged BitGo’s wallets to secure funds and ensure proper user controls. Sullivan states, “BitGo is a battle-weathered qualified custody solution with the institutional bells and whistles that help you capture diversified opportunities in the space.”
“BitGo has enabled us to execute what we want to execute,” praises Sullivan. Libertas had capped their exposure to any one partner by mandate, so they relied on multiple custodians and could compare BitGo with other firms. “Lots of companies are out kicking their coverage,” Rosen observed.
“You might see messy wallet structure, slowness to add new features, or just an inability to do certain things.” “A lot of features do seem half baked. That hasn’t been the case with BitGo. “BitGo has managed to be a first mover without fumbling through it.” Sullivan remarked.
“With BitGo, we’re grateful we have a trusted relationship with a qualified custodian.”