BitGo Launches Dash Staking Enabling Secure Custodial Passive Income

BitGo has launched staking with Dash support for its secure custodial platform, allowing investors, including institutions to earn passive recurring income from their investments.

Announced this week, cryptocurrency custodial an enterprise solution BitGo has launched a new staking service, including support for Dash. Clients with assets with a BitGo Trust custodial services will be able to earn recurring income off of their Dash. This new functionality is facilitated by the company’s recent acquisition of staking infrastructure provider Hedge, potentially paving the way for future integrations of staking-supporting assets. According to BitGo CTO Ben Chan, providing staking options increases the utility of the service by allowing customers to still use their assets while in custody in the form of staking payouts:

“In order to be a great custodian, we need to provide our clients with the ability to use their assets in custody. Staking provides our clients with returns on their investments without ever moving their assets out of custody. Our acquisition of Hedge builds on the blockchain and staking expertise within our engineering platform to deliver an automated, end-to-end staking service.”

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Author: Dash News
Original link: https://dashnews.org/bitgo-launches-dash-staking-enabling-secure-custodial-passive-income/