Deals
BitGo to Acquire Bitcoin Custodian
- Crypto-security firm to buy asset safehouse Kingdom Trust
- BitGo CEO sees $20 billion waiting to get into cryptocurrency
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BitGo Inc., a closely held crypto-security firm, agreed to buy Bitcoin custodian Kingdom Trust as it seeks to attract as much as $20 billion that institutional investors could commit to digital currencies.
Kingdom Trust is a regulated custodian of more than $12 billion in assets, Palo Alto, California-based BitGo said Thursday in a statement announcing the acquisition. Terms weren’t disclosed.