BitGo is Launching Full Support for Polygon

Published on: 26.01.2023
BitGo is Launching Full Support for Polygon

BitGo is pleased to announce two new services for MATIC holders: wallets and custody for native MATIC and staking for ERC-20 MATIC.

Previously, customers could hold the ERC-20 version, but staking was not available. Now, their clients have access to the full suite of services.

What is Polygon?

  • Stripe Connect — a payment platform for individuals, freelancers, and small businesses in 120 countries — is built using USDC on Polygon.
  • Robinhood selected Polygon as their exclusive network for the rollout of their self-custody crypto wallet beta.
  • Nike has launched Swoosh.Nike — a platform for Nike’s virtual creations — which is built on Polygon and powered by BitGo

How MATIC staking works

For existing BitGo clients:

About BitGo

BitGo provides the most secure and scalable solutions for the digital asset economy, offering regulated custody, borrowing and lending, and core infrastructure to investors and builders alike.

Founded in 2013 — the early days of crypto — BitGo pioneered the multi-signature wallet and later built TSS to improve upon other companies’ MPC offerings. Between multi-sig and TSS, They offers the safest technology on the market and safeguards over 600 tokens across a wide variety of blockchains.

Over the years, The platform has expanded from offering wallets into providing a full-suite solution that lets clients hold assets safely and then put them to work.

They launched BitGo Trust Company in 2018, providing fully regulated, qualified cold storage to complement BitGo Inc’s original hot wallet solution. In 2020, BitGo launched BitGo Prime, which allows its clients to trade, borrow, and lend. Moreover, BitGo also provides access to DeFi, staking, NFT wallets, and beyond, and serves as the world’s sole custodian for WBTC, or wrapped Bitcoin.

Today, BitGo is the leader in digital asset security, custody, and liquidity, providing the operational backbone for more than 1500 institutional clients in over 50 countries — a list that includes many regulated entities and the world’s top cryptocurrency exchanges and platforms. BitGo also processes approximately 20% of all global Bitcoin transactions by value.

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