- BitGo is now using the IOTA mainnet, expanding its portfolio to over 1,550 supported assets.
- IOTA is now optimally positioned to expand its presence in the USA, one of the world’s largest crypto markets.
BitGo now uses IOTA’s distributed ledger technology. This allows US-based institutions regulated, secure access to IOTA assets. This created a path for exchanges, institutions and other regulated entities to now hold, manage and trade IOTA under BitGo’s security and compliance framework.
BitGo was founded in 2013 and is regulated by the South Dakota Division of Banking. the custodian offers institutional cold storage for digital assets with insurance coverage of up to $250 million. The platform already supports over 1,550 tokens and serves more than 4,900 institutional customers.
Since BitGo provides the backend infrastructure for many exchanges, support for IOTA makes it easier for these platforms to list the token and offer it to their customers. This should promote both the liquidity and market penetration of IOTA in the USA.
IOTA explained:
“Exchanges working with BitGo can now offer IOTA to their customers in a secure manner, while market makers gain additional operational flexibility. Through BitGo’s Over-the-Counter Desk, institutions also have access to voice and chat-based trading, allowing them to efficiently execute acquisition strategies. This OTC service, already used in crypto trading, including for Ethereum, provides an additional regulated route for institutional customers to gain access to IOTA.”
Beyond custody, BitGo also offers wallets and services for transaction processing, trading and lending. This creates flexible options for institutional investors who can now fully rely on IOTA within an absolutely legally secure framework.
Developments in the IOTA network
The project has also completed its integration with LayerZero and Stargate. IOTA now has access to around 550 digital assets and connectivity with more than 150 blockchains, including Ethereum and Solana.
As CNF reported, IOTA is also improving its digital ID system with tamper-proof ID cards from Turing Space, which has partnered with the World Health Organization to issue digital certificates to volunteers in over 150 countries.
IOTA’s Trade Worldwide Information Network TWIN and the Trades and Logistics Information Pipeline TLIP are scheduled to launch in the first quarter of 2026. TWIN has piloted TLIP in Kenya in collaboration with the Kenya Tax Authority, demonstrating potential to reduce trading costs by up to 80%.
This is made possible by exchanging digitized documents in real time – a transparent system that participants trust – as opposed to paper-based document exchange.
No Comments