Bringing you news, views and analysis since 2013
Justin Sun, Tron

31717

BitGo provides first multi-signature wallet and custody solutions for TRON’s TRX

RELATED TOPICS​

BitGo, a specialist in digital asset financial services, has launched the first institutional-grade wallet and custody solutions, providing on-chain, multi-signature security for TRON’s TRX token. TRON will also be using BitGo as its custodian.

“BitGo is a trailblazer and well-known marker of quality for the digital assets industry,” says Justin Sun, CEO, TRON. “Together we are manifesting the next chapter of blockchain and financial services. We are proud of this partnership and the value it will provide to the entire industry.”

BitGo enables businesses to integrate digital assets into their investment portfolios securely and at scale with 100 per cent multi-signature technology across over 200 coins and tokens.

BitGo pioneered multi-signature security in 2013 and, since then, it has become an industry standard for security of digital wallets. Multi-signature is an open source protocol, and has been through thorough testing and evaluation by the security community. Multi-signature makes use of distinct private keys specifically assigned to individuals for increased accountability, transparency and security not available through other technologies.

“We worked with TRON’s development team to develop their first multi-signature, institutional-grade wallet,” says Benedict Chan, CTO, BitGo. “TRON’s move towards on-chain multi-signature opens the door for financial services clients. Fiduciaries, who are responsible for other people’s money, demand the highest levels of security and compliance.”

TRONIX is a MainNet token based on the TRON Protocol issued by TRON Foundation, known as TRX. TRX is the basic unit of accounts on the TRON blockchain. TRX is also a natural medium currency for all TRC-based tokens. TRX connects the entire TRON ecosystem, with abundant application scenarios that power transactions and applications on the chain.

Latest News

Vistra Fund Solutions has announced a significant expansion of its fund administration capabilities on the..
Marex Group has announced the launch of Institutional Quantitative Investment Strategies (QIS) indices on digital..
HFR writes that both new hedge fund launches and liquidations fell sharply through mid-year as..

Related Articles

t is tough out there for asset managers and it is about to get tougher, according to research from PwC...
t is tough out there for asset managers and it is about to get tougher, according to research from PwC...
Asset managers ever more reliant on artificial intelligence (AI) to support their investment decisions are becoming more vulnerable to weaker data that informs the technology...
Asset managers ever more reliant on artificial intelligence (AI) to support their investment decisions are becoming more vulnerable to weaker..
Employee contributions into workplace defined contribution (DC) pension schemes reached in the UK GBP3.2 billion in the first quarter of 2026 representing an increase of around GBP600 million on the previous year, according to October’s ONS funded occupational pension schemes data...
Employee contributions into workplace defined contribution (DC) pension schemes reached in the UK GBP3.2 billion in the first quarter of..
More than half (56 per cent) of investors are already exploring or deploying capital into nature-related investment opportunities, a status update from the Taskforce on Nature-related Financial Disclosures (TNFD) reveals...
More than half (56 per cent) of investors are already exploring or deploying capital into nature-related investment opportunities, a status..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by