There is no more doubt: The world is moving to blockchain. Accordingly, a strategic priority at VeChain is onboarding key institutional players who can bring the tools, services and infrastructure needed to support our goal of delivering mass adoption for Web3 applications.
On that front, we’re incredibly proud to spotlight the first of three new institutional collaborators - BitGo - a global leader in digital asset custody and institutional infrastructure, and an OG in the space, having been operational since 2013.
Integration with BitGo brings regulated custodian products that open up many new opportunities for VeChainThor and the VeBetter ecosystem, and their institution-grade tokenization and Node/Staking services help facilitate peace of mind for large, professional stakeholders joining us to secure the blockchain as a Validator once VeChain’s tokenomics changes are enacted towards the end of 2025.
The Business of Trust
Founded in 2013, BitGo offers a broad suite of services centered around digital asset custody and infrastructure. This includes both hot and cold wallets with advanced multi-sig and key segregation, custodial services backed by regulated trust entities, and insurance coverage up to $250 million.
BitGo serves over 2,000 institutional clients across more than 90 countries. These clients range from exchanges and brokerages to token foundations, hedge funds, asset managers, and large consumer brands such as Nike and SoFi. This global reach is a testament to BitGo’s ability to meet the complex needs of organizations that require high levels of security, compliance, and performance in their digital asset operations. Now, we welcome BitGo’s technical prowess into our own expanding institutional ecosystem.
BitGo’s trading and settlement tools, including the Go Network, enable institutions to settle assets off-exchange in real time, reducing counterparty risk and improving capital efficiency. BitGo also provides secure staking services, access to decentralized finance, NFT wallet capabilities, and tooling for launching stablecoins, including as the custodian and infrastructure provider for the launch of USD1, World Liberty Financial, Inc.’s US dollar-backed stablecoin.
“Institutional adoption depends on secure, scalable infrastructure,” said Chen Fang, Chief Revenue Officer at BitGo. “BitGo is proud to bring regulated custody and operational expertise to VeChain’s ecosystem, supporting the next generation of tokenized products alongside other leaders currently entering their ecosystem.”
Validating Confidence
Following the integration of BitGo’s custody solutions, the VeChainThor ecosystem gains an invaluable pillar of trust and risk management — a must-have for financial institutions, corporations, and investors looking to become Validators, secure the blockchain, and participate in VeChain’s reward, decentralization, and security mechanisms.
With financial institutions exploring blockchain with increasing fervour, VeChain, thanks to BitGo, can confidently meet their stringent needs, opening new avenues to collaborators that share our vision of a future powered by tokenization, RWA, and Web3.
Our flagship app platform — VeBetter — recently hit 4 million active users, and boasts over 27.8 Million tokenized activities in just one year of being live on mainnet. Bolstered by the support and institutional infrastructure, provided by BitGo and others, we’re incredibly optimistic about how we scale and grow even further from here.
Crypto Growth’s New Meta
Looking ahead, it’s clear things are changing for the crypto industry. Institutional infrastructure is taking an increasingly central presence as legacy players — those with the capital, resources and technologies to meaningfully move markets — deploy en masse.
Therefore, for any protocol, working with the right parties is critical for crossing the gap, scaling ecosystems, and pursuing a collective goal: The onboarding of a billion users to crypto, and beyond.
We can summarise four emerging macro patterns for crypto market as:
1. From retail driven to institutionally led
2. From narrative driven to utility-focused
3. From infrastructure-level to killer applications
4. From novel tech to driving real user growth
BitGo, in this sense, deliver foundational infrastructure for VeChain, and represent an important step on this journey.
Stay tuned — much more to come!
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry’s top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
About VeChain
Founded in 2015, VeChain is a general-purpose, adoption-focused blockchain platform built to drive mass adoption for Web3, while rewarding positive social and environmental actions in the real-world. Its energy-efficient blockchain, VeChainThor, provides scalable, low-cost infrastructure for developers and businesses to build applications without requiring deep technical expertise. Having proven its model through global partnerships with UFC, BCG, and Walmart, and with over 2 million users engaging in VeBetter-powered apps, VeChain is driving a retail-first adoption strategy, making blockchain accessible, impactful, and rewarding for everyday users. For grants, resources and more, visit vechain.org.
VeChain Joins Forces With BitGo to Build Foundations For Institutional Adoption was originally published in VeChain on Medium, where people are continuing the conversation by highlighting and responding to this story.
