Crypto Custodian BitGo To Add Support For TRON’s TRX Token

Announcements, News | February 20, 2019 By:

Blockchain security and crypto wallet firm BitGo will be adding wallet and custody support for TRON (TRX) later this year.

BitGo offers institutional crypto financial services and provides clients with security, compliance, custodial, and liquidity solutions. Last year, the firm it launched BitGo Trust Company, a qualified custodian purpose-built for storing digital assets. At present, BitGo supports over 100 coins and tokens, and has over $2 billion in assets in wallet.

BitGo will soon add support for TRON’s TRX tokens, the the ninth-largest cryptocurrency by market cap, to enable institutional investors to trade TRX with confidence.

Ben Chan, chief technology officer at BitGo, said that institutional investors want a wallet provider and custodian who can support a full range of digital assets so adding support for TRX later this year is an important step.

“BitGo is the only institutional digital asset company with a full product offering, from high-volume wallet platform to regulated custody services,” Chan said. “Institutional investors are responsible for other people’s assets, and that requires the highest levels of security and regulatory compliance. BitGo will provide that for TRX.”

Justin Sun, founder of TRON and and CEO of BitTorrent, said that as they work toward their vision of creating a new Internet economy that is fast, secure, and cost-effective, they need to work with companies that can provide that secure foundation.

“With BitGo, TRX investors will have the most secure wallet and custody options,” Sun said.