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BitGo announces support for multi-signature EOS wallet and custody services

Fri, 23 Aug 2019, 07:18 am UTC

Cryptocurrency custodian and wallet provider BitGo has announced the launch of multi-signature wallet and custody services for EOS, the eighth largest cryptocurrency by market capitalization.

BitGo offers security, custody, and liquidity services that are built on multi-signature security. The company said that it now supports over 200 coins and tokens, allowing institutional clients to hold a wide range of assets.

EOS is the native token of the EOSIO network, published by Block.one which raised a staggering $4 billion via an initial coin offering (ICO) of EOS tokens. EOSIO is a blockchain platform built for both public and private use cases. The open-source blockchain protocol has become quite popular with decentralized app (dApp) developers owing to the low cost of transactions and quick transaction times and has hundreds of dApps in active use on several EOSIO-based blockchains.

“The EOSIO software has some innovative differentiators like its high transaction capacity and fee model that required our engineering team to scale our platform. We were able to successfully create an experience for EOS users that is seamless and consistent with how we support other coins and tokens,” said Ben Chan, Chief Technology Officer, BitGo.

As per the press release, EOS custody is available through either BitGo, Inc. or BitGo Trust Company, a qualified custodian purpose-built for digital assets.

Earlier in June, Block.one announced a new blockchain-based social media platform which will reward and return control to social media users. Called “Voice,” the platform will be launched on the EOS Public Blockchain.

BitGo recently hired Pete Najarian as the company’s Chief Revenue Officer. Najarian joined BitGo from its rival Xapo, where he served as Senior Vice President of Institutions.

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