BitGo Increases Digital Asset Insurance to $250 Million

Demonstration of security controls enable further protection for institutional digital asset participants.

BitGo provides the industry's most comprehensive insurance protections for cryptocurrencies and digital assets held in their custodial wallets.

The $250 million policy covers digital assets where the private keys are held 100% by BitGo Trust Company in the event of:

• Copying and theft of private keys

• Insider theft or dishonest acts by BitGo employees or executives

• Loss of keys

"BitGo was one of the first companies to build a strong insurance program for crypto and, due to our track record and scale, we are now able to expand this program for our clients. As the leader in institutional custody, our top priority is the security and safety of our clients' assets. We remain proactive about protecting our clients' assets and we work directly with our underwriters to ensure that our security protocols meet the most rigorous standards."

BitGo had already innovated the digital asset insurance marketplace in 2019 by offering a comprehensive and transparent insurance protection of up to $100M at no additional cost. Now, the protection is taken to a whole new level for BitGo custody clients.

Webinar and White Paper on Digital Asset Insurance

To help clients understand and assess insurance offerings, BitGo is offering a webinar and a white paper. The webinar, led by BitGo Trust President, Jody Mettler, will take place on September 20, 2022 at 11:00 AM PST / 2:00 PM EST. To join our upcoming webinar register here.

To learn more download the white paper on BitGo's Digital Asset Insurance page.