BitGo to custody digital assets for Canton Strategic Holdings

BitGo Bank & Trust, National Association has been selected by Canton Strategic Holdings, Inc. (NASDAQ: CNTN) to serve as custodian for its digital asset treasury holdings, according to a company announcement.

BitGo Bank & Trust, a subsidiary of BitGo Holdings, Inc. (NYSE: BTGO), will provide custody services including cold storage and multi-signature wallet infrastructure for Canton Strategic Holdings' Canton-focused digital assets.

"Our mandate is to advance institutional blockchain adoption to drive the digitization of financial markets," said Mark Wendland, Chairman and CEO of Canton Strategic Holdings. "With BitGo providing robust governance, controls, and safe storage for our digital assets, we can confidently drive our digital asset strategy forward."

Canton Strategic Holdings describes itself as the first publicly traded company to leverage Canton Coin to support the Canton Network's digitization of financial markets. The company also operates clinical-stage biotech research and development.

The Canton Network is a privacy-enabled public blockchain designed for regulated finance that enables participants to connect tokenized assets, collateral, and payments across interoperable applications.

"Canton Strategic Holdings is part of a growing number of institutions approaching digital assets with a focus on robust governance and security," said Nathan Stump, Managing Director of Ecosystem at BitGo.

BitGo Bank & Trust is an OCC-regulated digital asset trust bank that provides custody solutions for institutional clients. The arrangement includes operational controls designed to support Canton Strategic Holdings' digital asset treasury strategy.

The information was provided in a press release statement from BitGo Holdings, Inc.

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