BitGo to act as custodian for Hashdex Bitcoin ETF

Following the anticipated consent, BitGo will serve as a qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a collaborative pledge to build a stronger and safer market structure. If the scenario changes in their favor, Hashdex Bitcoin Futures ETF will become a spot Bitcoin ETF and will rebrand as Hashdex Bitcoin ETF.

BitGo and Hashdex, the digital asset advisor for DEFI and a prominent global crypto-focused asset manager with $540M in AUM, have been collaborating for an extended period of time. As the foremost qualified institution custodian, BitGo is the optimal service provider to illustrate the principle of separation of custody.

Mike Belshe, the chief executive officer of BitGo, stated that Hashdex is fully equipped to facilitate institutional adoption of digital assets, including their spot Bitcoin ETFs, in Brazil. They will support their ETF applications for spot Bitcoin in the United States. Their primary aim is to establish the viability of incorporating traditional financial management risks, thereby instigating the subsequent stage of acceptance.

As the industry gains experience and institutional interest increases, large asset managers and investors will recognize ETFs as a lucrative investment option. Since 2013, BitGo has committed to providing certified custodial solutions specifically designed for digital assets. BitGo places significant importance on demonstrating the capability of distinguishing custody from trading with regard to fiduciaries.

BitGo, one of the top crypto wallets, provides an exceptionally rated, secure, and upgradable wallet service with respect to the digital asset economy. It facilitates certified storage, staking, and trading, in addition to a central wallet infrastructure.

Since its inception in 2013, the organization has pioneered the multi-signature wallet. Additionally, it is the first digital asset company to target institutional clients. It established the BitGo New York Trust in 2021 and the BitGo Trust Company in 2018, which was the first custodian-oriented establishment for holding digital assets. 

BitGo introduced DeFi, NFT, and Web3 solutions that adhere to institutional standards in 2022. The completion of the Go Network delivery occurred in 2023. BitGo guarantees more than 700 digital assets on its platform and facilitates nearly 20% of on-chain Bitcoin transactions.