ChainCatcher news, according to The Block, digital asset service provider BitGo announced the establishment of a subsidiary in Singapore, aiming to expand its business in the Asia-Pacific region. BitGo Singapore will offer cold storage services for over 1,100 digital assets, while also supporting features such as voice trading, automated settlement, and token management, targeting institutional users such as foundations and protocols.Previous report, BitGo obtained a major payment institution license from the Monetary Authority of Singapore (MAS) in August this year, allowing it to legally conduct digital asset services in Singapore.

ChainCatcher news, the crypto custodian BitGo has announced the hiring of former Silvergate Bank President Ben Reynolds as Managing Director and Head of US Dollar Standards. Ben will be responsible for overseeing the development of BitGo's US Dollar stablecoin, USDS, which is set to launch next year.Ben has over 25 years of experience in fintech, software, banking, and asset management. Most recently, Ben served as President of Silvergate Bank, where he oversaw the company's revenue growth and was a member of the executive team that expanded Silvergate into a publicly traded company in 2019.

ChainCatcher news, Australia's first spot Ethereum ETF Monochrome Ethereum ETF (IETH) has been listed on Cboe Australia, with a total net asset reaching $176,600 (AUD 262,500) as of 2 PM local time.The fund has a management fee of 0.50% and offers physical creation and redemption, allowing for cash or ETH trading, making it Australia's only dual-access spot Ethereum ETF.BitGo and Gemini are the cryptocurrency custodians for the ETF, while State Street Australia is the fund manager.

ChainCatcher message, the Sui Foundation announced on the X platform that it has chosen Coinbase Prime to provide custody and fund management services. Starting this week, community funds will be jointly custodied by BitGo and Coinbase.

ChainCatcher news, according to CoinDesk, BitGo plans to launch the US dollar stablecoin USDS in January 2025, offering incentives to institutions that provide liquidity to the network. USDS is backed by short-term treasury bills, overnight repos, and cash.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company BitGo stated that it is filling the gap in the decentralized market by providing a one-stop, regulated, and insured custody platform for seamless digital asset ownership, unlocking, and on-chain activities.It is reported that protocols such as Worldcoin, LayerZero, Sui, and ZetaChain are among the first clients of this service.

ChainCatcher news, according to official sources, digital asset custody provider BitGo has announced that it has become the custodian for four ETF funds, including two U.S. spot ETFs from 21Shares: the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). Additionally, BitGo also provides custody services for Hashdex and Valkyrie (now Coinshares).BitGo CEO Mike Belshe stated that the company offers 100% cold storage services and has served as an independent custodian for over a decade. BitGo's services include regulated cold storage, a $250 million insurance policy, and a bankruptcy-remote structure to minimize investor risk.

ChainCatcher news, digital asset custody provider BitGo has announced that it has become the custodian for four ETF funds, including two U.S. spot ETFs from 21Shares: the ARK 21Shares Bitcoin ETF (ARKB) and the 21Shares Core Ethereum ETF (CETH). Additionally, BitGo also provides custody services for Hashdex and Valkyrie (now Coinshares).BitGo CEO Mike Belshe stated that the company offers 100% cold storage services and has served as an independent custodian for over a decade. BitGo's services include regulated cold storage, a $250 million insurance policy, and bankruptcy-remote structures to minimize investor risk.

ChainCatcher news, according to Arkham monitoring, 1 hour ago, global digital asset custodian BitGo withdrew 13,100 ETH from Coinbase Prime, worth approximately 31.26 million dollars.

ChainCatcher news, according to Crowdfund Insider, BitGo announced that it has become the custodian under the regulatory framework for crypto assets of the SIX Exchange.It is reported that BitGo Europe will provide regulated custody solutions.

ChainCatcher news, according to CoinDesk, BitGo CEO Mike Belshe defended the recent collaboration with BiT Global on Wrapped Bitcoin, stating that wBTC critics have not "honestly" expressed their concerns, and said: "There is no doubt that the model proposed by BitGo and the way of storing keys is far better than any model that Coinbase can or will design."Despite concerns about Justin Sun's involvement, the deal with BiT Global aims to enhance security and expand in Asia, adopting a model that separates key custody among multiple institutions to eliminate single points of failure.

ChainCatcher news, global digital asset custody company BitGo announced that its Korean subsidiary BitGo Korea has introduced Hana Financial Group and SK Telecom as strategic investors. Hana Financial and SK Telecom have respectively acquired 25% and 10% stakes in BitGo Korea.BitGo currently holds approximately $70 billion in assets and has processed a total of about $3 trillion in assets. BitGo Korea is applying for ISMS certification and VASP qualification.Hana Financial will enhance user protection through collaboration, while SK Telecom plans to integrate its certification and security technologies with BitGo's services.

ChainCatcher news, TRON founder and Huobi HTX Global Advisory Committee member Justin Sun participated in an X Space hosted by Jupiter co-founder Meow, where he had an in-depth discussion with BitGo CEO Mike Belshe and representatives from BiT Global regarding WBTC-related issues. Justin Sun stated that WBTC holds significant importance and brand value in the cryptocurrency field.Justin Sun mentioned that BiT Global and the new team will cherish the tradition of WBTC and ensure that the existing protocols, minting and burning processes, and transparency remain unchanged. He also emphasized that as builders in the blockchain space, their primary task is to protect the community and users, rather than merely pursuing profits. He stated that the team will invest all resources to focus on enhancing user experience and continue to drive the development of the cryptocurrency industry, ensuring WBTC's influence and security globally.BitGo CEO Mike Belshe also responded to controversial issues related to BiT Global during the conversation. He stated that although BiT Global is relatively new as a custodian, BitGo will still participate in the co-signing of transactions to ensure the legitimacy of the minting and burning processes. Belshe emphasized that trust is the hardest thing to earn in the cryptocurrency space, and the community should trust this new dual-signature arrangement, believing it will bring greater security and transparency to WBTC.

ChainCatcher news, according to Arkham monitoring, a suspected Mt.Gox creditor wallet address on BitGo transferred 33,105 BTC 15 minutes ago, worth approximately $1.97 billion.

ChainCatcher news, according to Arkham monitoring, the wallet that received $2.19 billion in Bitcoin from Mt.Gox has just initiated test transactions, interacting with wallet bc1q26, which is likely Bitgo, the fifth and final exchange to cooperate with the Mt.Gox trustee to distribute funds to Mt.Gox creditors.

ChainCatcher news, Jupiter co-founder Meow posted on X that at 11 AM tomorrow, he will host an X Space for BitGo CEO Mike Belshe and Sun Yuchen (Bitglobal) to discuss the upcoming changes to WBTC, covering the following topics:Who is part of the multi-signature holders of these BTC?Will these BTC be used for any purpose?What are the benefits for both parties, is TRON adopting WBTC? If so, is there no need to acquire the entire setup?What exactly is the benefit of multi-jurisdiction?Is it possible to find a compelling independent party within this organization to serve as a communicator and signer?

ChainCatcher news, BitGo previously announced that it would become a minority shareholder in the newly established joint venture with Hong Kong's BiT Global, providing "multi-jurisdictional and multi-institutional custody" for the WBTC business. The company also described this move as a "strategic partnership" between BitGo and Tron founder Justin Sun.Justin Sun's involvement in the joint venture has a 60-day transition period, which has led Maker DAO's risk management team, Block Analitica Labs, to propose preventing new loans using WBTC as collateral on Maker's governance forum. BA Labs co-founder Monetsupply wrote, "Overall, we find Justin Sun's position as the controlling shareholder of the newly established WBTC joint venture to be an unacceptable risk."BitGo CEO Mike Belshe downplayed the impact of Justin Sun's involvement in the joint venture during an interview, emphasizing BitGo's long-term commitment to security, "BiT Global has a whole team managing multiple client accounts, and they are responsible for safeguarding them. They cannot lend out funds or arbitrarily hand over funds to Justin Sun, me, or anyone else, or they would be breaking the law and going to jail. In terms of certification, we have always had wbtc.network, and that will continue to operate." Regarding Maker DAO, Belshe stated he is willing to assist with due diligence to alleviate any concerns.