Brinks makes strategic investment in BitGo

This strategic partnership with Brink's advances BitGo's expansion beyond the realm of digital assets.

• This strategic investment highlights BitGo's reputation as a leader in digital asset custody and infrastructure extends beyond the crypto and finance industries.

• This partnership demonstrates the institutional draw of digital assets and the demand for security solutions.

• Unified in purpose we each advance the needs of clients in both the physical and digital worlds.

• BitGo views Brinks as a valuable partner with their 164-year history as a global leader in asset security.

• Brink's global operations with customers in 100+ countries align with BitGo's current expansion efforts worldwide.

BitGo announces its strategic partnership and investment from Brink's Global Services, a global leader in secure logistics and asset protection. This investment comes after BitGo's most recent $100M Series C financing from new, outside strategic investors with a valuation of $1.75B.

"Brinks is one of America's most historic brands. Their commitment to best-in-class security is universally known. BitGo is proud to join with them as we advance financial innovation both here in the USA and around the globe. BitGo and Brinks are a natural fit, joining their tradition of security to the exciting digital future ahead," said Baylor Myers, Vice President of Corporate Development at BitGo.

Since 2013, BitGo has grown from a pioneer to the leading digital asset security, custody, and wallet infrastructure provider. Serving over 1,500 clients in 50+ countries, BitGo is the go-to secure wallet solution for industry leaders across the board, from Fortune 100 giants like Nike to innovative blockchains like Mysten and established Bitcoin businesses like Swan. 2023 saw a flight to safety for the industry and BitGo experienced a 60% growth in new clients, a 20% increase in assets under custody, and a 40x increase in staked assets. This growth is a testament to both BitGo's best-in-class offerings and the broader market's adoption of digital assets.

"We are excited to not only partner with, but invest in BitGo as we become their global secure logistics and vaulting provider," said Zac McKenna, Brink's Manager of Digital Assets. "BitGo's strong brand reputation, market position and long track record of success in the digital asset industry enhances our presence in the fast-growing and evolving blockchain landscape. In an increasingly digital world, it was a logical next step for Brink's, the global leader in physical security and logistics, to partner with BitGo, the leader in digital asset security and custody."