BitGo will Serve as the Custodian for Hashdex Bitcoin ETF

• ETF Issuers require regulated/qualified custodians to secure digital assets.
• BitGo and Hashdex share a common commitment to a more robust and secure market infrastructure that starts with separating trade and custody.
• Independent and qualified digital asset custody is critical to regulators in the U.S. and globally to ensure secure and compliant digital asset management.

BitGo will serve as the official custody provider for the Hashdex Bitcoin ETF pending approval. ETF applications require regulated custodians. BitGo’s support underscores a shared commitment by both companies to a more robust and secure market infrastructure. If approved, Hashdex Bitcoin Futures ETF (ticker: DEFI) will convert to a spot Bitcoin ETF renamed Hashdex Bitcoin ETF.

BitGo has been a long-time collaborator with Hashdex, a leading global crypto-focused asset manager with $540M in AUM that serves as the digital asset advisor for DEFI. BitGo, the leading qualified custodian for institutions, is the ideal provider to demonstrate separation of custody.

“Hashdex has already paved the way for institutional adoption of digital assets with their spot Bitcoin ETF in Brazil. We are pleased to be their custodian of choice to support their spot ETF application in the U.S. We aim to demonstrate the value in bringing traditional finance risk management and compliance standards to drive the next wave of adoption,” says Mike Belshe, CEO of BitGo.

As the industry matures and institutional interest increases, ETFs will become an attractive investment vehicle for large asset managers and an option for investors. Since 2013, BitGo has committed itself to providing regulated custody services for digital assets. For fiduciaries, BitGo’s emphasis on demonstrating the ability to separate custody from trading is attractive. Independent and qualified digital asset custody will become increasingly important to regulators in the U.S. and around the world in ensuring secure and compliant digital asset management.

About BitGo

BitGo provides the most secure and scalable wallet solutions for the digital asset economy, offering regulated custody, staking and trading, and core wallet infrastructure.

Founded in 2013, BitGo pioneered the multi-signature wallet and is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets, and established BitGo New York Trust in 2021. In 2022, BitGo launched institutional-grade DeFi, NFT, and web3 services. In 2023, BitGo launched the Go Network, which provides a new market structure for institutions to settle efficiently.

BitGo secures approximately 20% of all on-chain Bitcoin transactions by value and supports more than 700 digital assets within its platform.

CEO Mike Belshe was also included in CoinDesk’s 2023 Most Influential, and CB Insights featured BitGo in its Most Promising Fintech Startups of 2023. BitGo provides the security and operational backbone for more than 1,500 institutional clients in 50 countries, including many regulated entities and the world’s top cryptocurrency exchanges and platforms. For more information, please visit www.bitgo.com

BitGo Media Contact: press@bitgo.com

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