BitGo announces support for the IOTA mainnet, providing secure and compliant access for a broader range of institutions and users.

ChainCatcher news, BitGo announced that starting from the first week of December, it will add support for the IOTA mainnet, allowing users to manage IOTA tokens as well as other assets. As a leading digital asset infrastructure company, BitGo supports over 4,900 institutions, enterprises, and exchanges worldwide. It is regulated in the US by the South Dakota Division of Banking and provides insurance coverage of up to $250 million for cases of key theft, loss, and misuse. With BitGo’s support for the IOTA mainnet, institutions, exchanges, and users can now access IOTA through a regulated and insured custody framework. At the same time, exchanges partnered with BitGo can securely offer IOTA to their customers, while market makers gain greater operational flexibility. In addition, BitGo provides scenarios for trading, lending, and programmable money. Developers and institutions can 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 US institutions with a compliant and recognized way to access the IOTA ecosystem, which will further enhance IOTA’s participation in the US digital asset sector.