{"id":137353,"date":"2024-09-17T15:00:28","date_gmt":"2024-09-17T12:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137353"},"modified":"2024-09-17T01:22:57","modified_gmt":"2024-09-16T22:22:57","slug":"bitgo-launches-new-platform-for-managing-web3-tokens","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitgo-launches-new-platform-for-managing-web3-tokens\/","title":{"rendered":"BitGo Launches New Platform for Managing Web3 Tokens"},"content":{"rendered":"<p><strong><a href=\"https:\/\/cointelegraph.com\/news\/bit-go-launches-regulated-custody-platform-native-protocol-tokens\" target=\"_blank\" rel=\"nofollow\">Announced<\/a><\/strong> on September 16, this regulated service is designed to help crypto-based organizations handle token distribution for investors, employees, and other stakeholders more efficiently.<\/p>\n<p>The platform is aimed at addressing the complexities and security gaps that arise when Web3 protocols attempt to manage tokens through multiple unconnected systems, including non-custody wallets and smart contracts.<\/p>\n<p>BitGo\u2019s solution offers comprehensive management, including token vesting, distribution, staking, liquidity management, and tax reporting.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/circle-partners-with-sony-for-usdc-integration-on-new-layer-2-blockchain\/\" title=\"Circle Partners with Sony for USDC Integration on New Layer 2 Blockchain\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/USDC-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Circle Partners with Sony for USDC Integration on New Layer 2 Blockchain<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>While self-custody avoids reliance on centralized entities, it can lead to risks such as cybersecurity threats and internal fraud.<\/p>\n<p>Recent incidents, like the $6 million hack of DeFi protocol Delta Prime and the disappearance of BaseBros Fi with user funds, highlight these risks. BitGo\u2019s new platform, insured up to $250 million, aims to mitigate these issues by providing robust security and compliance features.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BitGo, a leading U.S. cryptocurrency custodian, has introduced a new platform for managing and safeguarding native tokens used in Web3 protocols.<\/p>\n","protected":false},"author":3,"featured_media":25764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-137353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BitGo Launches New Platform for Managing Web3 Tokens<\/title>\n<meta name=\"description\" content=\"BitGo, a 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