By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Swan & BitGo Partner to Create the First Bitcoin-Only Trust Company
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Bitcoin > Swan & BitGo Partner to Create the First Bitcoin-Only Trust Company
Bitcoin

Swan & BitGo Partner to Create the First Bitcoin-Only Trust Company

TimeChain Evangelist
Last updated: September 22, 2023 5:05 am
TimeChain Evangelist
Share
4 Min Read
SHARE

Patiently awaiting regulatory approval, BitGo and Swan recently announced plans to create the first Bitcoin-only trust company in North America.

BitGo has been one of the most successful Bitcoin custodians in the entire industry and well ahead of its time having managed to secure clients’ assets for the bulk of the industry’s existence. Swan is a leading Bitcoin financial services company. The user-friendly Swan app simplifies Bitcoin purchases with instant and recurring buys, while Swan IRA provides a tax-advantaged solution for saving Bitcoin in retirement accounts. Swan has been onboarding users to Bitcoin the ‘proper way’ whereby their Bitcoin centric model of education and macro insight experts inform users about they hold and are provided with a convenient way to convert dirty fiat for precious bitcoins and encourages self custody.

“The new joint venture will combine BitGo’s best-in-class Bitcoin cold storage technology and regulatory compliance expertise with Swan’s industry-leading capabilities in onboarding, fraud prevention, AML/KYC, and dedicated Bitcoin experts,” was stated in the press release.

“We believe the best model for the Bitcoin industry is the same battle-tested model that has been part of the US financial industry for over a century: the separation of exchange and custody. Our teams have worked closely together for nearly a year on stronger qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin-only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption,” BitGo CEO Mike Belshe said.

“With the market increasingly demanding wallet and custody features that leverage the specific benefits of Bitcoin, Belshe and Klippsten expect to serve company treasuries, asset managers, governments, pension plans, insurers, family offices, and on-ramps like Swan itself that require qualified custodians to serve regulated customer segments like retirement and registered investment advisors.”

“The trust company will offer Bitcoin-specific features such as institution-grade advanced wallet management capabilities, more ways for clients to hold their own keys, inheritance planning, and more,” Yan Pritzker, co-founder and CTO of Swan, said.

“Swan encourages and supports self-custody with free, automated withdrawals and world-class client service. The vast majority of Swan clients choose to withdraw to self-custody. With the Bitcoin-specific trust company, we’ll finally be able to deliver the product that marries the best of self-custody service with the components that require qualified custody. This has never been achievable before, because existing offerings focus on breadth of token support rather than the absolute best custody for Bitcoin,” the CTO added.

“For years, we’ve heard from major clients, partners, and other Bitcoin companies that they would prefer a Bitcoin-only software and services stack that is focused strictly on the best custody that leverages Bitcoin’s unique features. It’s important to us to build a custodian without the risks of securing many altcoins within the same trust company as Bitcoin. We want to do our part to build a dedicated ecosystem for Bitcoin, separate from industry speculators, to allow for innovation in custodial offerings,” Klippsten mentioned

Press release

Twitter

Telegram Channel

You Might Also Like

Iran Strikes U.S. Bases in Qatar and Iraq

Understanding the Dow Jones Industrial Average

Saudi Arabia’s Digital Revolution

De-Dollarization Is Inevitable

US Bombs Iran: Escalation and Implications

TAGGED:Bitcoincustodydigital assets

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Russell Brand a Victim of his Opinions?
Next Article How to get motivated for the week ahead


Latest News

USA Bombs Iran
America Gold Headline News Middle East Opinion Politics Shayne Heffernan Shayne Heffernan June 21, 2025
Bitcoin Dip Is Your Opportunity
America Bitcoin Crypto Featured Headline News Knightsbridge Opinion Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Sovereign Individual Strategy World War 3 June 21, 2025
Eight Killed in Brazil Hot Air Balloon Crash
Headline News Travel June 21, 2025
Iran Rocked by 5.1-Magnitude Earthquake
Headline News June 20, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?