Prominent cryptocurrency one of the stock markets BitGoannounced that it has partnered with NEAR.
BitGo said in a statement. NEAR Foundation stated that it will support its protocol, assets and native token NEAR with custody services.
NEAR Thanks to this partnership, institutional investors who own the token will be able to store and stake these tokens in hot and qualified storage wallets on BitGo.
Nuri Chang, BitGo Vice President of Product In his statement regarding the said partnership, he said:
“Due to the nature of our business, it is really important for us to capture and support all the leading blockchains across the entire industry.
In this context, as BitGo, we are eager to support the NEAR ecosystem.”
According to the agreement, the NEAR Foundation, a Switzerland-based non-profit organization, will also protect its own treasury through BitGo.
In this context, the NAER Foundation will keep some of its treasury in BitGo’s hot and qualified wallets.
BitGo handle NEAR The amount has not yet been disclosed.
NEAR Foundation CEO, Marieke Flament in his statement; ” The partnership with BitGo is proof of NEAR’s commitment to expanding its ecosystem. This partnership is an important step towards NEAR and its entry into the world of corporate investments.” said.
NEAR Protocol was founded in 2018 by Alexander Skidanov and Illia Polosukhin as an open source platform for decentralized applications.
Affected by the recent market drop, NEAR ranks 25th on CoinGecko. increased by 14.3% in the last 24 hours. NEARat the time of writing is at the level of $ 4.47.