BitGo Supports CIP-56 Token Standard Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 11 hours ago
0mins
Should l Buy BTGO?
BitGo, a wholly owned subsidiary of BitGo Holdings, announced support for CIP-56 token standard assets on the Canton Network, including USDCx and cBTC. The launch expands BitGo's Canton infrastructure from custody of the network's native token, Canton Coin, to the broader ecosystem of institutional financial assets built on the CIP-56 token standard. "Canton is rapidly becoming critical infrastructure for institutional digital finance," said Chen Fang, Chief Revenue Officer at BitGo. "By supporting CIP-56 assets, BitGo provides institutions with the custody layer they need to securely hold and move stablecoins, bitcoin liquidity, and yield-bearing instruments across Canton's growing financial ecosystem."
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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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