TechFlow news, BitGo announced it will begin supporting the IOTA mainnet starting the first week of December, enabling users to manage IOTA tokens alongside other assets.
As a leading digital asset infrastructure company, BitGo supports over 4,900 institutions, enterprises, and exchanges globally. It is regulated by the South Dakota banking regulators in the United States and carries up to $250 million in insurance coverage for cases involving stolen, lost, or misused keys.
With BitGo's support for the IOTA mainnet, institutions, exchanges, and users can now access IOTA through a regulated and insured custody framework. Exchanges partnered with BitGo can now securely offer IOTA to their customers, while market makers gain greater operational flexibility. In addition, BitGo enables use cases such as trading, lending, and programmable money, allowing developers and institutions to leverage BitGo’s extensive infrastructure to explore innovative applications of IOTA tokens while ensuring regulatory compliance.
By adding support for the IOTA mainnet, BitGo also provides U.S. institutions with a compliant and recognized pathway into the IOTA ecosystem, further enhancing IOTA's participation within the U.S. digital asset landscape.
