BitGo integrates with Hedera (HBAR) committee

BitGo Trust Company Inc., a leader in digital asset trust and security, announced that it is joining the Hedera Council. This strategic partnership is set to strengthen the development and success of the Hedera network while fostering cutting-edge innovation in the digital asset space.

Founded in 2013, BitGo has solidified its reputation as an industry pioneer, serving more than 1,500 customers in more than 50 countries around the world. Known for providing secure hot wallets and regulated custody cold wallets through an integrated platform and API, BitGo’s digital asset security expertise is unmatched.

Prior to this collaboration, BitGo has already invested significantly in engineering and product development to support Hedera Token Service (HTS) and operates six mirror nodes on the Hedera network, known for its open source, leaderless proof. Stake Protocol.

As the 32nd member of the Hedera Council, BitGo joins a diverse group of top organizations united in their resistance to collusion and commitment to network innovation and decentralization. The committee’s role includes launching the initial network nodes and guiding the development of Hedera’s software and services through a democratic voting process.

BitGo co-founder and CEO Mike Belshe expressed the company’s commitment to Hedera and the broad potential of blockchain technology, emphasizing the value of a diverse, purpose-driven network. BitGo’s long-standing leadership in Web3 equips it to effectively collaborate with other industry players for transformational change. The company is excited about future product development prospects in the areas of physical tokenization, clearing and payment solutions, especially through its partnership with the Hedera Council.

BitGo’s strong security measures are already integrated to support HTS tokens within the wallet platform. BitGo plans to further strengthen its presence within the Hedera ecosystem with a customer base spanning Fortune 100 companies, government agencies, and various financial institutions. The company plans to explore new opportunities to expand its services, including the Go Network for real-time USD and digital asset payments.

Hedera Membership Committee Chairman Bill Miller praised BitGo’s extensive experience in product development, governance, regulation and market strategy, calling this expertise invaluable to the Hedera Council and the broader ecosystem. Hedera eagerly anticipates the advancements BitGo’s participation will foster in line with Hedera’s vision for a secure, scalable, and sustainable network.

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