TechFlow News, July 9: According to The Block, BitGo announced plans to launch quantum-protected security tools for institutional Bitcoin wallets within the coming weeks, designed specifically to help institutions "assess, manage, and reduce" quantum-related risk exposure for UTXO-based wallets.
The new tools will expand BitGo's existing multi-signature security architecture, covering functions such as wallet key risk management, UTXO processing optimization, and institutional wallet operation enhancement. Notably, BitGo has applied for a provisional patent for a new method that reduces security risks of partially spent funds by "grouping and prioritizing UTXOs by address".
BitGo Co-founder and CEO Mike Belshe said: "We believe institutions do not need to wait for a quantum event to occur before starting to manage quantum risks; they should reduce risk exposure, strengthen wallet operations, and prepare for migration to future post-quantum security standards now."
