Go Network: Meeting Institutional Demand For Regulated And Secure USD And Digital Asset Services

For the first time, institutions can custody, access and settle USD and digital assets instantly, 24/7 on a single platform.

Recent failures of crypto businesses and traditional banks have prompted the digital asset industry to rapidly mature and meet institutional clients’ expectations amid a flight to safety. The current landscape calls for regulated, efficient and reliable solutions to facilitate institutional entry into digital asset markets. This presents an opportunity to finally combine the best of Wall Street risk management and Silicon Valley innovation to build and scale cutting edge products to solve real world problems.

In response to market needs, BitGo is introducing the Go Network, a first-of-its-kind platform designed for safe and regulated access to crypto markets and settlement solutions.

The Go Network Is Designed To:

• Close Industry Gaps: Filling the void left by defunct banking and crypto service providers.
• Rebuild Trust: Providing solutions that mitigate counterparty risk, improving trust between clients and across the industry.
• Integrate Custody And Settlement: Offering secure, real-time, 24/7, regulated custody and settlement of USD and digital assets between counterparties within the network, including exchanges, market makers, and other leading institutions on a single platform.
• Streamline Operations: Empowering institutions with access to regulated custody and settlement infrastructure that supports trading through user-friendly interfaces and an API suite, providing improved control and efficiency in their operations.

Go Network’s Features:

Seamless USD and Digital Asset Settlement Solutions:

At the core of the Go Network are its cutting-edge settlement solutions that streamline transactions and reduce counterparty risk. With features like Account Transfers and Delivery vs Payment (DVP), clients can settle USD and digital asset transactions easily while improving trust between each other. Clients benefit from cost effective, real-time settlement and enhanced efficiency. These features drastically reduce costs and settlement timeframes, eliminating extra fees and the days or weeks traditionally associated with settlement processes. As a result, institutions can capitalize on market opportunities swiftly, maximizing their trading potential.

Off-Exchange Settlement:

The Go Network Off-Exchange Settlement feature revolutionizes the way institutions interact with exchanges, ensuring enhanced safety measures for their assets during trading activities. By allowing institutions to securely store their assets in BitGo Trust’s qualified custody while conducting trades on top exchanges, this innovative solution effectively mitigates counterparty risk. In an industry where reducing exposure to exchange custody is crucial, this settlement solution offers unparalleled protection. The Go Network empowers clients to comply with emerging regulatory frameworks by effectively separating trading and custody functions.

USD and Digital Asset Custody

The Go Network allows clients to custody and settle USD and a wide variety of top digital assets. USD assets are placed in For-Benefit-Of (FBO) accounts spread across our network of banking partners; client’s can manage and access their USD in their Go Network Accounts. Digital assets are held in qualified and regulated cold storage custody. Clients can easily withdraw assets from their Go Network account or deploy them for trading and settlement 24/7.

The Go Network is providing the next generation of infrastructure for the digital asset economy that finally brings safe and regulated access to crypto markets with secure, real-time settlement solutions.

Connect with our team to learn how Go Network can help grow your business and participate in the digital asset economy with confidence.

About BitGo

BitGo provides the most secure and scalable solutions for the digital asset economy, offering regulated custody, borrowing and lending, and core infrastructure to investors and builders alike.

Founded in 2013 — the early days of crypto — BitGo pioneered the multi-signature wallet and later built TSS to improve upon other companies’ MPC offerings. Between multi-sig and TSS, BitGo offers the safest technology on the market and safeguards over 600 tokens across a wide variety of blockchains.

Over the years, BitGo has expanded from offering wallets into providing a full-suite solution that lets clients hold assets safely and then put them to work.

BitGo launched BitGo Trust Company in 2018, providing fully regulated, qualified cold storage to complement BitGo Inc’s original hot wallet solution. In 2020, BitGo launched BitGo Prime, which allows its clients to trade, borrow, and lend. Moreover, BitGo also provides access to DeFi, staking, NFT wallets, and beyond, and serves as the world’s sole custodian for WBTC, or wrapped Bitcoin.

Today, BitGo is the leader in digital asset security, custody, and liquidity, providing the operational backbone for more than 700 institutional clients in over 50 countries — a list that includes many regulated entities and the world’s top cryptocurrency exchanges and platforms. BitGo also processes approximately 20% of all global Bitcoin transactions by value.

For more information, please visit www.bitgo.com.

©2023 BitGo Inc. (collectively with its affiliates and subsidiaries, “BitGo”). All rights reserved. BitGo Trust Company, Inc., BitGo Inc., and BitGo Prime LLC are separately operated, wholly-owned subsidiaries of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, CA. No legal, tax, investment, or other advice is provided by any BitGo entity. Please consult your legal/tax/investment professional for questions about your specific circumstances. Digital asset holdings involve a high degree of risk, and can fluctuate greatly on any given day. Accordingly, your digital asset holdings may be subject to large swings in value and may even become worthless. The information provided herein is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. BitGo is not directing this information to any person in any jurisdiction where the publication or availability of the information is prohibited, by reason of that person’s citizenship, residence or otherwise.