Leading Protocols Adopt BitGo's New Solution
Cryptocurrency custody leader BitGo has launched a Token Management Service tailored for blockchain foundations and organizations. Major protocols like Worldcoin, LayerZero, Sui, and ZetaChain are among the inaugural clients of this streamlined solution, announced on September 16, 2024.
Addressing Fragmentation in Token Management
BitGo identifies a critical challenge for protocol builders: navigating a disjointed ecosystem for token lifecycle management. The new service consolidates:
- Regulated custody via BitGo Trust
- Seamless vesting/unlocking of digital assets
- On-chain activity coordination
"Web3 has evolved into a programmable economy where tokens represent complex value flows," said Thomas Chen, BitGo's Head of Sales. "Yet many teams treat token operations as an afterthought—which risks becoming a slow-motion train wreck."
Why This Service Matters
- Operational Efficiency: Combines custody, distribution, and governance tools in one platform.
- Risk Mitigation: Insured and compliant infrastructure reduces security gaps.
- Focus Optimization: Allows builders to concentrate on core protocol development rather than administrative overhead.
👉 Explore how BitGo simplifies institutional crypto management
Key Features of BitGo's Token Management Service
| Feature | Benefit |
|---------|---------|
| Qualified Custody | SEC-regulated asset protection |
| Automated Vesting | Programmable release schedules |
| Multi-chain Support | Compatible with major blockchain networks |
Chen notes: "Teams previously needed 2-3 vendors just for basic token operations. Our service eliminates that fragmentation."
The Future of Protocol Operations
As tokenization becomes central to Web3 projects, integrated management solutions will be vital for:
- Ensuring regulatory compliance
- Maintaining investor confidence
- Executing precise token distributions
FAQ: BitGo Token Management Service
Q: Which blockchains does this support?
A: The service is chain-agnostic, currently supporting Ethereum, Solana, and other major networks.
Q: Is this only for large foundations?
A: No—any project needing structured token management can use it, from startups to DAOs.
Q: How does pricing work?
A: Customized based on assets under management and service tier.
For foundations navigating crypto governance and asset distribution, BitGo's solution offers a secure path forward.