Polkadot and its users can now have unlimited access to DeFi services offered by BitGo, a global digital asset platform. BitGo has given DOT holders and other individuals from the Dotsama ecosystem an opportunity to utilize hot wallets for sending and receiving crypto assets, facilitating all transactions in a highly secured environment in addition to full custody of digital assets to all individuals.
Benefits of this innovtion
With the launch of Polkadot’s support, BitGo has opened a ton of opportunities for over 700 institutional clients from its Network to have access to Polkadot and its existing parachains.
BitGo is one of the most advanced platforms when it comes to security. Its security standards (TSS) combine the best features of multi-signature wallets that can dispense multiple key shares seamlessly. The threshold signature scheme (TSS) is highly effective, allowing individuals to utilize purpose-built hardware security modules (HSMs) which are advanced and highly secured.
- With this innovation, all individuals that are on BitGo can open Dot wallet by clicking here.
- New clients on the BitGo network can reach out to BitGo officials by filling out the form.
About BitGo
BitGo is a digital assets company that has been in operation for almost a decade. It’s the first digital assets company that specializes in providing custody, liquidity, lending and borrowing services with security solutions to blockchains, companies and institutional investors. It offers financial services solutions to both centralized and decentralized financial (DeFi ) institutions by leveraging its advanced prime brokerage services.
BitGo has been one of the key players in the blockchain Industry, acting as the custodian for wrapped Bitcoin (WBTC), providing advanced security solutions to digital assets, processing about 20% of BTC transactions, and supporting several blockchain projects globally. They recently implement institutional grade DeFi, NFTs and Web3 services.
About Polkadot
Polkadot is a next-generation layer-0 blockchain that can unite an entire network of specifically built blockchains in a scalable, secure, upgradeable, transparent governance and cross-chain manner.
Its a fully sharded protocol that enables several blockchain networks to connect and communicate together seamlessly. The relay chain permits niche-specific blockchain a.k.a. parachains to connect,communicate and benefit from interoperability, security and upgradability as well as connecting other different blockchain layers via cross-chain bridges.