StableX, BitGo announce partnership to secure digital asset treasury holdings

BitGo announced a strategic partnership with StableX Technologies (SBLX). Under the partnership, BitGo Trust Company, Inc. will serve as the institutional-grade custodian for StableX’s digital assets, while BitGo’s affiliated trading platforms will work to facilitate StableX’s planned acquisitions of various digital assets, providing access to deep liquidity via its OTC desk. “Digital asset treasury companies are expanding into increasingly diverse asset allocations,” said Mike Belshe, CEO and Co-Founder at BitGo. “BitGo is excited to provide the infrastructure that is designed to keep forward-looking digital asset strategies, like StableX’s, safe and compliant.” The collaboration comes following an announcement by StableX of its goal to purchase $100M in crypto tokens powering the rapidly growing stablecoin industry.