Leading digital asset financial services provider Bitgo has recently been awarded a contract to look after digital assets for the US Marshals Service (USMS). BitGo was specifically chosen for its institutional-grade qualified custody solutions.
The digital assets of the USMS will be safeguarded by BitGo Trust Company with the optimal level of security, regulatory supervision and operational effectiveness.
“The team at BitGo is honored to be chosen as the partner for the US Marshals Service. We are committed to ensuring the digital assets of our partners are managed in the most secure way possible in order to fulfill the USMS mission of ‘Justice, Integrity, and Service’,” said Peter Najarian, Chief Revenue Officer of BitGo. “We see this as a validation of the financial infrastructure that we have built from the ground up since 2013 and our achievement to provide the most secure environment for digital assets in the marketplace today.”
In 2018, BitGo Trust Company became the first qualified custodian that is solely designed for the storage of digital assets through the South Dakota Division of Banking.
BitGo Custody is built on BitGo’s groundbreaking, multi-signature protocols, delivering cutting-edge security for an emerging asset class. Its offerings provide tight policies, procedures, and controls that can only be offered through a qualified custodian.
BitGo launched BitGo New York Trust in 2021 to serve as an independent, regulated qualified custodian bound by the New York State Banking Law.