BitGo Successfully Integrates TRON, Will Launch in Early November

BitGo has announced that it will support the Tronix TRX asset in its hot wallet and custody solutions in early November. This means that any exchange partners, prime brokers, and futures platforms that may want to custody TRX have a viable option to do so in a safe and compliant way through BitGo.

BitGo’s support of TRON marks a milestone in enabling further institutional adoption for TRX. BitGo is one of the oldest custody providers in the cryptocurrency space and the integration has come on the heels of increasing demand that BitGo has seen for TRX to be supported on the BitGo platform.

“We are excited to be supported by BitGo, which will enable TRON to further delve into various DeFi applications and we welcome them as a partner,” said Justin Sun CEO of BitTorrent and co-founder of TRON.

“We worked with TRON’s development team to develop their first multi-signature, institutional-grade wallet,’’ said Benedict Chan, CTO of BitGo. “TRON’s move towards on-chain, multi-sig opens the door for financial services clients who demand the highest levels of security.”

BitGo welcomes any inbound interest from financial services providers that may have interest in custodying TRX. These parties may contact “sales@bitgo.com.”