Case Study: Hedera strengthens custody security and trust with BitGo

Hedera secures 7 million accounts with BitGo

Hedera, a decentralized open-source public network and layer 1 blockchain, required a custody partner that could provide qualified custody for its HBAR cryptocurrency. Their key challenges included finding a custodian with the highest level of regulatory oversight, effortless usability, and a proven long-term reputation to build trust and guarantee security for its growing ecosystem. They chose to partner with BitGo for its secure custody services.

BitGo implemented its secure multi-signature wallets to safeguard Hedera's assets. This solution reduced Hedera's overall overhead for managing digital asset security and ensured airtight protection through battle-tested protocols. The partnership with BitGo increased customer trust, enhanced Hedera's security reputation, and helped expand its market reach as its network grew.

Hedera