BitGo has announced today (July 25th) that it is adding ZCash to its platform. The Palo Alto-based multisig wallet firm already supports Bitcoin, Bitcoin Cash, Ripple, Litecoin and Ethereum, as well as having recently added 57 Ethereum-bsaed tokens. The aim now is to support 100 tokens by the end of the year.
Ben Chan, the Chief Technology Officer of BitGo, said:
Our mission is to offer our institutional clients the most complete portfolio of digital currency investment services, which includes the largest and most diverse basket of coins and tokens to help them hedge the market and get better returns. As one of the world’s most valuable and technologically demanding digital currencies, Zcash is an important new asset for our institutional investors.
Meanwhile, Brad Miller of ZCash, was quoted in a press release saying, “With BitGo’s exceptional standards, institutional grade, multi-signature security and custody services, investors are able to seamlessly send and receive Zcash in a safe and secure way. The Zcash Company ecosystem team and BitGo worked collaboratively to ensure Zcash is well integrated and supported”
BitGo was founded by Mike Belshe and Ben Davenport in 2013. It received a reported $12 million in VC funding in 2014 from Redpoint Ventures, and has since grown into a multi-million dollar firm.