BitGo, a digital asset infrastructure company, has been chosen by Bit Origin Ltd (NASDAQ: BTOG) to provide qualified custody and over-the-counter (OTC) trading services for its digital asset treasury, which includes Dogecoin (DOGE) holdings.
Under this partnership, Bit Origin will utilize BitGo Trust Company, Inc.’s regulated and insured custody solutions. These solutions deliver institutional-grade qualified custody cold storage, supported by regulatory oversight and insurance coverage of up to $250 million against loss, theft, and misuse. Additionally, Bit Origin will access BitGo Hong Kong Limited’s deep-liquidity OTC trading services and BitGo Prime LLC’s electronic trading platform for planned acquisitions and treasury management activities.
Jinghai Jiang, Chairman and CEO of Bit Origin Ltd, stated, “As a NASDAQ-listed company, we recognize the importance of working with partners that meet the highest institutional standards of security and compliance. BitGo’s reputation and track record in serving institutions make them the natural choice as we scale our DOGE and other digital asset holdings. This partnership positions us to grow responsibly and strategically in the evolving digital asset market.”
Mike Belshe, CEO and Co-Founder of BitGo, commented, “We are excited to support Bit Origin’s vision as one of the first NASDAQ listed companies to establish a DOGE treasury. This milestone highlights the continued evolution of digital assets as part of corporate treasury management and the new strategies public companies are exploring in corporate finance.”
This collaboration indicates a growing trend in corporate treasury management towards digital assets, with BitGo providing expertise to institutions navigating this evolving financial landscape.
BitGo, founded in 2013, offers custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. With a global presence and multiple regulated entities, BitGo serves a range of institutions, including exchanges and platforms.
Bit Origin Ltd, formerly known as China Xiangtai Food Co., Ltd., is an emerging growth company operating in the United States, primarily engaged in cryptocurrency mining. The company is also active in deploying blockchain technologies and pursuing diversified expansion strategies.
