VeChain’s New BitGo Partnership Enables Regulated Custody for Institutions
Main Idea
VeChain has partnered with BitGo to provide regulated custody services for institutions, alongside collaborations with Franklin Templeton and Keyrock, enhancing its blockchain infrastructure and tokenization capabilities.
Key Points
1. VeChain partnered with BitGo to develop foundational systems for blockchain integration and institutional-grade custody services.
2. Franklin Templeton is deploying its BENJI platform on VeChain to tokenize its $780 million US Treasury money fund.
3. Keyrock is contributing liquidity and functionality to VeChain's ecosystem.
4. VeChain's upcoming Hayabusa testnet aims to reduce network congestion and improve enterprise utility.
5. VeChain's price saw a modest recovery following the announcements, trading around $0.0253 with potential upside.
Description
The integration with BitGo provides VeChainThor and the VeBetter ecosystem with regulated custodial solutions, thereby unlocking numerous new possibilities VeChain also announced collaborations with Franklin Templeton and Keyrock The company reported that its application platform, VeBetter, reached 4 million active users and has recorded over 27.8 million tokenized activities within its first year on the mainnet VeChain has officially partnered with BitGo , a digital asset custodian, to develop ...
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