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Crypto Custody with Ben Chan CTO of BitGo

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A custodian holds customers’ securities for safekeeping in order to minimize the risk of their theft or loss. The main utility of cryptocurrency custody solutions lies in the safeguarding of cryptocurrency assets. Private keys, which are used to conduct transactions or access crypto holdings, are a complex combination of alphanumerics private keys. They are extremely difficult to remember and can be stolen or hacked. Online wallets are a potential solution but recent events have demonstrated their susceptibility to hacks. The same is true of cryptocurrency exchanges.

BitGo is the market leader in institutional cryptocurrency financial services, providing clients with security, compliance, and custodial solutions. In 2013, BitGo introduced the industry’s first multi-signature hot wallet. Today, BitGo is the world’s largest processor of on-chain Bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. BitGo supports over 100 coins and tokens, and has over $2 billion in assets in wallet. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, the company introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

In this episode, Ben Chan, CTO of BitGo, joins me for a conversation about the company, how to secure crypto assets, and the future of custody.

The post Crypto Custody with Ben Chan CTO of BitGo appeared first on Fintech Daily.

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12 episodes

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Archived series ("Inactive feed" status)

When? This feed was archived on July 24, 2020 13:10 (3+ y ago). Last successful fetch was on April 15, 2020 15:03 (4y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 230513417 series 2453892
Content provided by Fintech Daily. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Fintech Daily or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

A custodian holds customers’ securities for safekeeping in order to minimize the risk of their theft or loss. The main utility of cryptocurrency custody solutions lies in the safeguarding of cryptocurrency assets. Private keys, which are used to conduct transactions or access crypto holdings, are a complex combination of alphanumerics private keys. They are extremely difficult to remember and can be stolen or hacked. Online wallets are a potential solution but recent events have demonstrated their susceptibility to hacks. The same is true of cryptocurrency exchanges.

BitGo is the market leader in institutional cryptocurrency financial services, providing clients with security, compliance, and custodial solutions. In 2013, BitGo introduced the industry’s first multi-signature hot wallet. Today, BitGo is the world’s largest processor of on-chain Bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. BitGo supports over 100 coins and tokens, and has over $2 billion in assets in wallet. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, the company introduced BitGo Custody and launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

In this episode, Ben Chan, CTO of BitGo, joins me for a conversation about the company, how to secure crypto assets, and the future of custody.

The post Crypto Custody with Ben Chan CTO of BitGo appeared first on Fintech Daily.

  continue reading

12 episodes

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