According to The Block, BitGo’s custodian will support the Near Protocol network by providing enterprise-grade digital asset storage services to the project’s ecosystem.
Companies will be able to use BitGo hot and deposit wallets to hold and stake NEAR tokens.
The nonprofit Near Foundation, which is behind the ecosystem’s development, will place some of its treasury’s assets on its custodian platform.
Nuri Chang, BitGo Vice President of Product, said the partnership will allow project developers such as exchanges and protocols to integrate NEAR support with the company’s software wallets.
“We are also working on staking support for NEAR. This means customers can connect directly from their BitGo wallet in just a few clicks,” he added.
Near Foundation CEO Marieke Flament emphasized that the partnership is proof of the project’s commitment to expanding the ecosystem.
“This is an important step for NEAR and its entry into the corporate investment world,” he said.
In the last 24 hours, the price of the protocol token has increased by almost 11%. During the week, the price of the asset increased by 7.3% (CoinGecko).
Let us remind you that in May 2022, ConsenSys announced the partnership of Infura and the Near Protocol infrastructure solutions division.
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Source: Fork Log
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
