New Collaboration: Partnership between BitGo and QDAO DeFi!
January 30, 2021
Add: Anton Dzyatkovskii
Can crypto storage be safe and reliable? The answer is a resounding ‘Yes!’ when it comes to QDAO DeFi services. QDAO is collaborating with BitGo, the leading digital asset financial services, to provide BitGo custody and Multi-Signature wallet technology for its users. Assets held with BitGo Trust Company are backed by BitGo’s insurance program. The policy covers digital assets where private keys are held 100% by BitGo Trust Company, protecting users against third-party hacks, outsider or insider theft and loss of keys. This collaboration takes security to a new level, resulting in enhanced security for crypto deposits.
About QDAO DeFi
QDAO DeFi is a decentralized lending & borrowing platform that uses cryptocurrencies as collateral. It empowers individuals to make secure investments in digital assets and yield interest on them. Moreover, QDAO DeFi develops instant crypto-to-crypto and crypto-to-fiat deposits and loans, with the best rates around.
Enhanced Security for Crypto Deposits Made Real
Being ahead of DeFi industry trends, QDAO DeFi realized that digital asset security is of the utmost importance – it is the single issue that dissuades many potential users and investors from entering the sector. The collaboration between these two companies goes to the core of solving this problem: it means that QDAO DeFi clients have peace of mind knowing that their assets are protected by BitGo’s multi-signature security and $100M insurance program.
“Putting users’ security first, the QDAO DeFi team is constantly searching for sure ways to protect users’ assets and personal data. At this time, we are overjoyed to announce our new partner, BitGo! The advantages of this collaboration go well beyond the $100 million insurance coverage, offering BitGo’s 100% Multi-Signature Technology. BitGo pioneered Multi-Signature security in 2013 and, since then, it has become an industry standard for security of digital wallets,“ said Anton Dziatkovskii, CEO of QDAO DeFi.
This partnership with BitGo opens up opportunities for clients to seek secure, safe and battle-tested crypto custody:
“When it comes to digital asset custody and security, there is no better partner than BitGo. Their solutions and expertise make sound cryptocurrency management possible. With their guidance and services, QDAO DeFi users will enjoy safe and secure crypto deposits. This collaboration is a great achievement for our company, so expect even more great updates and news!” – the QDAO DeFi team stated.
BitGo is the leader in digital asset financial services, providing institutional investors with liquidity, custody, and security solutions. In 2020, BitGo launched Prime Trading and Lending, as well as BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes over 20% of all global Bitcoin transactions, and supports over 400 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.
Custody services are offered through BitGo Trust Company, a South Dakota chartered trust company. BitGo is not registered with the SEC as an investment advisor or custodian, and does not offer legal, tax, investment, or other advice. Please consult your legal/tax/investment professional for questions about your specific circumstances.
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