BitGo and Silence Labs Collaborate on Quantum-Safe Wallet Infrastructure
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
BitGo and Silence Laboratories announced a strategic collaboration to develop quantum-safe multi-party computation, or MPC, wallet infrastructure for institutional digital asset custody and transaction signing. As part of the collaboration, the companies completed the first post-quantum transaction simulation by a regulated custodian using MPC-based wallet infrastructure. The demonstration highlights a new approach to quantum-safe wallet infrastructure designed to help banks, custodians, exchanges, and other institutional digital asset platforms prepare for a post-quantum security transition. The transaction was demonstrated at a private industry event hosted by BitGo and Silence Laboratories, which brought together researchers, security leaders, and industry practitioners from Google, Stanford, the Linux Foundation, leading financial institutions, and the broader blockchain ecosystem. The new wallet infrastructure uses Silence Laboratories' newly launched PQ MPC protocol, based on ML-DSA, the digital signature algorithm standardized by the National Institute of Standards and Technology in FIPS 204, together with BitGo's institutional custody and wallet platform. The live simulated transaction demonstrated how post-quantum signing can be incorporated into an institutional wallet workflow while preserving the benefits of MPC, including distributed key control, policy enforcement, and operational separation of duties. The collaboration is intended to support institutions that need to evaluate post-quantum readiness across custody, treasury, settlement, and digital asset operations. BitGo and Silence Laboratories currently plan to continue developing and testing the solution with select customers, financial institutions, and blockchain ecosystem participants. The companies are planning to focus on interoperability, institutional policy controls, auditability, and deployment models that can support regulated market participants as post-quantum standards and blockchain migration paths continue to evolve.
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About BTGO
BitGo Holdings, Inc. is a digital asset infrastructure company. The Company's technology platform is structured into four distinct layers: self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service solutions. The Company’s products include Wallet Services, Financial Services, Protocol Solutions and Build with BitGo. Its Wallet Services include Qualified Custody, Custody Wallets, Bitcoin Treasuries, Crypto Treasuries, Go Account, Self-Custody, Hot Wallets, Cold Wallets and Wallet-As-A-Service. Its Financial Services include Liquidity, Financing, Collateral Management, Wealth Management, Settlement, Go Network and Real World Assets. Its Protocol Solutions include Staking Services, Restaking, Bitcoin Staking, Token Management, Listing Services, Stablecoin-as-a-Service, USD1, and GENIUS Act. The Company’s Build with BitGo products includes Crypto-as-a-Service, BitGo SDK, REST APIs and Express.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Transaction Breakdown Reasons: The proposed merger in 2021 was the largest in the crypto sector but fell apart due to a market crash, with BitGo alleging Galaxy did not make sufficient efforts to complete the deal, while Novogratz countered that BitGo failed to provide necessary financial statements on time.
- Regulatory Challenges: Novogratz stated that Galaxy proposed a merger in Canada to sidestep SEC regulations, but both companies eventually recognized the unlikelihood of obtaining SEC approval, reflecting the regulatory hurdles faced by the crypto industry.
- Market Reaction: In Thursday trading, Galaxy Digital's stock rose by 6.5%, while BitGo Holdings' stock fell by 4.4%, indicating increased market confidence in Galaxy but a cautious outlook for BitGo.
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- Asset Management Proportion: The BTGO stake accounts for 57.05% of Valor's total assets under management, and this concentrated holding strategy may drive portfolio performance in the context of rising demand for digital assets.
- Strategic Shift: Valor's pivot from a healthcare-focused portfolio to digital assets demonstrates a keen response to market changes, potentially attracting more institutional clients seeking secure management of digital assets.
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- Product Launch Plans: BitGo will initially support Moon Inc.'s bitcoin gift card program, which has processed multiple wholesale transactions since its launch and is set to be available in retail stores across Hong Kong and through Moon Inc.'s online store this month, further expanding market reach.
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