BitGo Launches First Institutional-Grade Wallet Solution for HBAR Token

​BitGo, a leading digital asset financial services provider, announced that it has launched the first institutional-grade wallet solution for Hedera's HBAR token, providing on-chain, multi-signature security through its affiliate BitGo Inc.

Hedera is a decentralized public network on which developers can build secure, fair applications with near real-time finality. HBAR is the native cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.

“BitGo is providing institutional investors a way to store and secure the latest and most innovative digital assets available on the market today with a single, seamless, unified wallet platform,” said Pete Najarian, Chief Revenue Officer, BitGo. “Our technical teams work closely with the development teams of emerging digital asset companies like Hedera to develop their first multi-signature institutional grade wallets. In the future we look forward to supporting asset issuers in the Hedera ecosystem as well.”

“BitGo's custody solutions are trusted by leading institutions and exchanges globally. We are pleased that they have chosen to offer multi-sig wallet and custodial services for HBAR, further expanding our ecosystem and the ability for organizations to use HBAR to conduct transactions globally,” said Azeem Malik, VP of Global Business Development for Hedera.