Crypto Security Startup BitGo to Custody Zcash | Crypto

serverpoint hosting banner

Crypto and storage BitGo is adding zcash to its platform, the firm announced Wednesday.

The privacy-focused cryptocurrency joins a number of major assets on the startup’s platform, which offers a multi-signature wallet and custodial products and services for that include institutional clients. Just last week, the company also added support for 57 -based tokens, as reported by CoinDesk.

Clients will be able to store zcash in both BitGo’s multi-signature wallets and its cold-storage custody solutions, according to the firm.

BitGo chief technical officer Ben Chan told CoinDesk that “zcash is a natural fit for BitGo as both are focused on privacy protection, security and cutting-edge technology.” The cryptocurrency also comes to the platform following expressions of interest from institutional clients, he added.

engineer Brad Miller said in a statement that BitGo support will enable investors to “seamlessly send and receive zcash in a safe and secure way,” in particular due the institutional-grade security standards the firm employs.

“The Zcash Company ecosystem team and BitGo worked collaboratively to ensure Zcash is well integrated and supported,” he said.

Chan also indicated that the firm’s addition of new cryptos will continue apace, with BitGo planning to list more than 100 tokens by the end of 2018.

As previously reported, BitGo filed for a charter to build its own regulated asset custody service. It is unclear yet when the BitGo Trust may open for business, but marketing vice president Clarissa Horowitz told CoinDesk in May that the startup is working with regulators on the process.

Also Read:  Ethereum, Ripple With More Than 15 Percent Gains

Chan said, BitGo is “on its way to be the first purpose-built digital qualified custodian.”

Zcash and wallet image via Shutterstock


The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

You might also like More from author

Comments are closed.