Jul 15 | 2 min read
BitGo now supports the DeFi Pulse Index (DPI) as part of an effort to provide institutional clients with access to investment opportunities in the emerging Decentralized Finance sector. DPI is a structured product from the Index Cooperative that offers diversified exposure to a basket of blue-chip DeFi protocols with a single purchase.
Both Index Coop and BitGo believe that institutional investor interest in DeFi will continue to grow. For this reason, the Index Coop is expanding its structured product offerings as well as making existing products available through as many secure channels as possible. BitGo sets the industry standard for secure digital asset custody and is now taking a big step forward to integrate DeFi projects into its network.
BitGo is the leader in custody and security solutions with over $40B in assets under custody. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets and established BitGo New York Trust in 2021. BitGo also offers market leading trading, lending, and borrowing services and supports over 300 digital assets on its platform. BitGo provides the security and operational backbone for more than 400 institutional clients in 50 countries, including many of the world’s top cryptocurrency exchanges and platforms.
“Institutions seek uncorrelated returns from DeFi with risk diversification. Index Coop and BitGo form the ideal partnership to address this need with DPI as a passive instrument. Security and compliance are also key investor requirements and BitGo Trust addresses them through our multi-sig custodial wallets. This partnership provides investors with the opportunity to step into this space in a compliant, disciplined and thoughtful manner.” Thomas Chen, BitGo Director.
We want to thank BitGo for their continued support and partnership to bring more interested capital into DeFi.
Disclaimer: This content is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.
Information is for educational and illustrative purposes only. The Index Cooperative is not engaged in the business of the offer, sale or trading of securities and does not provide legal, tax, or investment advice. Cryptocurrencies and other digital assets are speculative and involve a substantial degree of risk, including the risk of complete loss. There can be no assurance that any cryptocurrency, token, coin, or other crypto asset will be viable, liquid, or solvent.No Index Cooperative communication is intended to imply that any digital assets are low-risk or risk-free. The Index Cooperative works hard to provide accurate information on this website, but cannot guarantee all content is correct, complete, or updated.