BitGo Appointed as Custodian for Virtune's ETP Program

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 1 day ago

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Source: Newsfilter

Custody Service Expansion: BitGo, through its MiCA-licensed subsidiary BitGo Europe GmbH, has been appointed as an additional custodian for Virtune, providing custody services for the Virtune Stablecoin Index ETP, thereby enhancing the program's asset support capabilities and allowing for a broader range of digital assets within the ETP structure.
Strong Regulatory Foundation: BitGo holds a MiCA license from BaFin, ensuring that regulated custody standards apply at every layer of the ETP structure, which enhances institutional investors' confidence in asset protection within a fully regulated framework.
Rich Industry Experience: With over a decade of experience as an institutional digital asset infrastructure provider, BitGo offers operational reliability and security through its cold storage solutions backed by up to $250 million in insurance coverage, meeting the expectations of Virtune's investors.
Deepening Partnership: Virtune's CEO Christopher Kock noted that BitGo's capabilities in digital asset custody and broad asset coverage will support their product expansion and ongoing innovation, further solidifying a partnership built on trust and operational excellence.

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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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